Tryg A/S Initiates Major Share Buyback Program Updates
Overview of the Share Buyback Program
On December 4, 2024, Tryg A/S announced an exciting decision by its Board of Directors to kick off a share buyback program valued at up to DKK 2.0 billion. This initiative emphasizes Tryg's commitment to enhancing shareholder value and is executed while adhering to EU Market Abuse Regulation and the Safe Harbour Regulation guidelines.
Execution Schedule and Reporting
The share buyback program is strategically planned to conclude no later than June 30, 2025. Throughout the execution phase, transactions executed under this program will be publicly announced on a weekly basis through Nasdaq Copenhagen, ensuring transparency with its investors and the market.
Transactions Overview
Between December 30, 2024, and January 3, 2025, a number of noteworthy transactions were carried out under the share buyback initiative:
Transaction Details
- December 30, 2024: Acquired 120,000 shares at an average price of DKK 152.20, totaling DKK 18,264,000.
- January 2, 2025: Acquired 130,000 shares at an average price of DKK 153.13, with a total transaction value of DKK 19,906,900.
- January 3, 2025: Acquired an additional 120,000 shares at DKK 153.74, summing up to DKK 18,448,800.
Through these transactions, the total number of shares bought back in this specific period amounted to 370,000 shares, contributing significantly to the cumulative shares repurchased under the program.
Cumulative Program Insights
To date, Tryg has successfully bought back a total of 2,355,000 shares through the ongoing program, signifying an investment totaling DKK 362,299,550. This robust commitment illustrates the ongoing strategic focus on optimizing shareholder returns and fortifying its financial structure.
Current Treasury Shares
Following the latest series of transactions, Tryg now holds a total of 3,455,435 treasury shares, which corresponds to approximately 0.561% of the company's overall share capital. This increase in treasury shares marks a significant step in strengthening the company's market position and improving earnings per share for existing investors.
Frequently Asked Questions
What is the purpose of the share buyback program initiated by Tryg?
The share buyback program aims to enhance shareholder value and demonstrate the company's commitment to returning capital to its investors.
How much is Tryg planning to allocate for its buyback program?
Tryg has set aside up to DKK 2.0 billion for executing the share buyback program.
When is the share buyback program expected to conclude?
The program is scheduled to conclude no later than June 30, 2025.
How frequently will transactions be reported during the buyback period?
Transactions undertaken as part of the share buyback program will be reported weekly through Nasdaq Copenhagen.
How many treasury shares does Tryg currently own?
Tryg currently owns a total of 3,455,435 treasury shares, representing approximately 0.561% of the total share capital.
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