Major Shareholder Update from TCM Group A/S with Insights
Major Shareholder Announcement
In compliance with the Danish Capital Markets Act, TCM Group A/S is announcing recent changes in shareholder holdings. The company highlights its commitment to transparency as BofA Securities Europe SA has revealed significant updates to its share capital and voting rights.
Details of the Shareholder Changes
As of the most recent reporting date, BofA Securities Europe SA has altered its shareholding in TCM Group A/S. Previously, they held 0.200% of the voting rights attached to shares. This remains unchanged, reflecting the stability of their direct shareholding. However, there is a notable change in their holdings through financial instruments, which have increased from 5.500% to 10.610%.
Current Shareholding Status
With regard to total share capital and voting rights, BofA Securities Europe SA's share has grown. Initially at 5.701%, this figure has now risen to 10.810%, indicating increased control and influence within TCM Group. This gives them the voting rights for 1,136,554 shares, a substantial stake in the company.
About TCM Group A/S
TCM Group A/S stands as Scandinavia’s third largest kitchen and furniture manufacturer. Rooted in Denmark, the company prides itself on high-quality craftsmanship and innovative design. TCM follows a multi-brand approach, prominently featuring Svane Køkkenet, along with Tvis Køkken, Nettoline, and AUBO, which cater to a wide range of customers. These brands are sold through a network of approximately 220 dealers across Denmark and Scandinavia.
In addition to its core offerings, TCM Group provides private label solutions through various DIY stores in Denmark while also catering to independent kitchen retailers in Norway. The company also plays a role in the e-commerce sector, partnering with the 45% owned kitchen business, Celebert, which markets products under several brands like kitchn.dk and billigskabe.dk.
For further inquiries or additional details about the shareholder announcement and the company's operations, please feel free to reach out to:
Contact Information:
Torben Paulin, CEO, TCM Group A/S, +45 21 21 04 64
Thomas Hjannung, CFO, TCM Group A/S, +45 25 17 42 33
IR Contact – ir@tcmgroup.dk
Frequently Asked Questions
What prompted TCM Group A/S to announce shareholder changes?
TCM Group A/S is required to disclose significant shareholder changes under the Danish Capital Markets Act to maintain transparency with investors and the public.
Who is BofA Securities Europe SA?
BofA Securities Europe SA is a financial institution that has held shares in TCM Group and has informed the company of its shareholding changes, reflecting its strategy and investment interests.
How has the shareholding of BofA Securities Europe SA changed?
The shareholding through financial instruments increased significantly from 5.500% to 10.610%, indicating a strategic move to strengthen their position in the company.
What impact does this announcement have on TCM Group A/S?
This announcement indicates growing confidence from major stakeholders, potentially enhancing TCM Group’s market reputation and stability, which may influence investor perception positively.
How can I learn more about TCM Group A/S?
For more information, you can visit TCM Group's official website or contact their investor relations directly for detailed queries and insights.
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