NORDEN Initiates Buyback of Up to 600,000 Shares

NORDEN will spend up to USD 15 million (approximately DKK 100 million) on the programme from October 30, 2026, to February 4, 2027. It is intended to adjust the company's capital structure and hedge employee incentive-scheme obligations. A/S Motortramp will sell shares pro rata to maintain its ownership stake of just below 32%.