Major Shareholder Announcement from TCM Group A/S
In a significant update, TCM Group A/S announces a change in shareholding as mandated by section 30 of the Danish Capital Markets Act. This announcement comes after BofA Securities Europe SA reported alterations to its holdings as of a recent date, specifically referencing the holdings as of 7 August 2025.
Details of the Shareholding Changes
According to TCM Group A/S, the changes include a detailed account of share capital and voting rights. Initially, BofA Securities Europe SA had a stake in TCM Group A/S amounting to 0.203% in share capital with voting rights. This percentage remained unchanged with the recent update, impacting the overall shareholding report.
Financial Instrument Impact
While the traditional shareholdings appeared stable, the situation surrounding financial instruments did experience a shift. Previously, BofA Securities Europe SA accounted for 10.105% through these financial instruments. However, this has decreased to 8.075% in the recent figures.
Comprehensive Shareholder Overview
When considering both direct and indirect holdings, BofA Securities Europe SA now holds a total of 870,358 shares, which represents approximately 8.278% of the company's overall share capital and voting rights in TCM Group A/S. This marks a reduction in their total share capital and voting rights from a previous level of 10.308%.
About TCM Group A/S
Scandinavia’s third-largest kitchen and bathroom furniture manufacturer, TCM Group A/S designs and produces high-quality products rooted in traditional craftsmanship. The company embraces a diverse multi-brand strategy, featuring well-known brands such as Svane Køkkenet, Tvis Køkken, Nettoline, and AUBO. These brands collectively cater to an extensive price range and reach customers through approximately 220 dealers throughout Denmark and Scandinavia. Moreover, TCM Group A/S has made a mark in the private label kitchen sector, distributing its products via DIY stores in Denmark and independent kitchens in Norway.
Contact for Further Information
For any inquiries related to this announcement, stakeholders can 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 latest shareholding percentage for BofA Securities Europe SA?
The latest shareholding percentage for BofA Securities Europe SA is approximately 8.278% in total share capital and voting rights.
How does TCM Group A/S rank in the Scandinavian market?
TCM Group A/S is recognized as the third-largest manufacturer of kitchens and bathroom furniture in Scandinavia.
What brands are under TCM Group A/S?
TCM Group A/S oversees several brands, including Svane Køkkenet, Tvis Køkken, Nettoline, and AUBO, each catering to different market segments.
How many dealers sell TCM Group products?
Approximately 220 dealers in Denmark and Scandinavia sell products from TCM Group A/S.
Where can I find more information about TCM Group A/S?
Additional information about TCM Group A/S can be found on their official website at www.tcmgroup.dk.
