Major Shareholder Update from TCM Group A/S
TCM Group A/S is pleased to share important news regarding significant changes in shareholding that may influence its future operations. BofA Securities Europe SA has recently notified the company about adjustments in its holding of shares and voting rights as per section 30 of the Danish Capital Markets Act.
Details of the Shareholding Changes
As of June 4, 2025, BofA Securities Europe SA reported a substantial realignment in its holdings within TCM Group A/S. This shift is vital for our stakeholders and could impact the governance of TCM Group moving forward.
Shareholding Metrics
The following outlines the specific metrics regarding BofA Securities Europe SA’s ownership:
- Share Capital and Voting Rights Attached to Shares: They remain unchanged at 0.197%. This consistency highlights stability in direct shareholder equity.
- Share Capital and Voting Rights Through Financial Instruments: Previously at 11.545%, this percentage has adjusted to 9.446%. This reduction illustrates a tactical shift in financial instrument leverage.
- Total Share Capital and Voting Rights: The total shareholding from BofA Securities has decreased from 11.742% to 9.643%, showing a notable change in overall corporate control.
These figures indicate that as of the specified date, BofA Securities Europe SA controls 1,013,722 shares, a clear indicator of its ongoing investment strategy in TCM Group A/S.
Company Overview
TCM Group A/S stands out as Scandinavia’s third-largest manufacturer of kitchens and furniture for bathrooms. Based in Denmark, our products reflect a commitment to quality and craftsmanship. The company operates under a multi-brand strategy that includes prominent names such as Svane Køkkenet, Tvis Køkken, Nettoline, and AUBO.
Product Range and Distribution
Our diverse product range caters to all price levels, ensuring all consumers find their ideal kitchen or storage solution. The brands are available through approximately 220 dealers across Denmark and Scandinavia, enhancing accessibility.
We also engage in private label kitchen sales through DIY stores and independent stores in Norway, creating a robust distribution network. TCM Group A/S additionally supports online kitchen business through its 45% stake in Celebert, which operates several online brands.
Key Contacts at TCM Group A/S
For more information about this shareholder announcement or any inquiries regarding our company, please reach out to:
Torben Paulin, CEO, TCM Group A/S, +45 21 21 04 64
Thomas Hjannung, CFO, TCM Group A/S, +45 25 17 42 33
Email: ir@tcmgroup.dk
Frequently Asked Questions
What is the significance of the major shareholder announcement?
The announcement signifies a change in control and influence within TCM Group A/S, which could affect strategic decisions.
Who is the major shareholder involved in this announcement?
BofA Securities Europe SA is the major shareholder making the announcement regarding its reduced holdings.
What are the implications of reduced share capital and voting rights?
This adjustment could lead to changes in voting power at shareholder meetings and might influence corporate governance.
How does this change impact TCM Group's market position?
Such changes can affect how investors view the company and may impact stock performance and investor relations.
Where can I find more information about TCM Group A/S?
Visit the official website of TCM Group A/S for additional details and updates on their operations and products.
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