Trifork Group AG Updates: Managerial Transactions Report

Author: Caleb Price Updated: 09-14-2024 11:45 AM

Understanding Managerial Transactions at Trifork Group AG

In a recent announcement, Trifork Group AG provided crucial updates regarding transactions undertaken by individuals in managerial positions and their close associates. Under the Market Abuse Regulation Article 19, the company emphasizes transparency by reporting such transactions to stakeholders.

Details on Financial Transactions

Trifork, recognized for its innovative technology partnerships globally, remains committed to good governance and regulatory compliance. Specifically, the company discloses transactions involving Blackbird II ApS, an entity closely associated with Jørn Larsen, the CEO of Trifork Group AG. This proactive step reinforces Trifork's dedication to maintaining integrity and clarity in its operations.

Identifying the Involved Parties

Blackbird II ApS is noted as a closely associated party to the CEO, revealing the interconnected nature of leadership and ownership within the corporation. The reported transaction marks an initial notification, signifying the company's commitment to ensure stakeholders are aware of managerial activities.

About the Issuer

Trifork Group AG, with a Swiss company registration number of CHE-474.101.854, continues to thrive as an innovative leader in various sectors, including Digital Health and FinTech. The company operates under the unique LEI code of 8945004BYZKXPESTBL36, reflecting its secure standing within the financial markets.

Overview of Recent Transactions

The recent transaction disclosed by Trifork involves the redelivery of shares that were previously lent as part of an Initial Public Offering in 2021. This significant transaction aids in enhancing the liquidity of Trifork’s shares.

Transaction Details

On September 12, 2024, a total of 3,631 shares were redelivered at a price of DKK 96.40 per share, culminating in a total transaction value of DKK 350,028.40. Such operations are essential for maintaining an active trading environment and supporting the stock's liquidity, benefiting both the company and its investors.

Trifork Group’s Mission and Vision

Trifork Group AG is more than just a technology provider; it operates with a diverse workforce of 1,273 employees across 74 business units in 15 countries. The organization's multifaceted approach encompasses six essential business areas: Digital Health, FinTech, Smart Building, Smart Enterprise, Cloud Operations, and Cyber Protection. These segments highlight Trifork's adaptability and commitment to addressing various market needs.

Investing in Innovation

Through its R&D arm, Trifork Labs, the company continually invests in pioneering technologies, demonstrating its leadership in fostering innovation. The acquisition and support of software conference brands such as GOTO and YOW! have further solidified Trifork’s position in the tech community—garnering over one million online subscribers and extensive viewership.

For investors and stakeholders, these developments indicate Trifork’s stable growth trajectory and strategic focus, making it an attractive option in the ever-evolving tech landscape. The commitment to transparency in reporting managerial transactions aligns with best practices and strengthens public confidence in its operations.

Contact Information
For further inquiries, please reach out to Frederik Svanholm, Group Investment Director & Head of IR, at frsv@trifork.com or +41 79 357 7317.

Frequently Asked Questions

1. What recent transactions have been reported by Trifork Group AG?

Trifork reported the redelivery of shares previously lent to a senior employee as part of their IPO strategy.

2. Who is Jørn Larsen in relation to Trifork Group AG?

Jørn Larsen is the CEO of Trifork Group AG and is connected to Blackbird II ApS, which is closely associated with him.

3. How many employees does Trifork Group AG have?

Trifork Group AG employs 1,273 individuals across 74 business units in 15 countries.

4. In what areas does Trifork operate?

Trifork operates in Digital Health, FinTech, Smart Building, Smart Enterprise, Cloud Operations, and Cyber Protection.

5. How does Trifork ensure transparency in its transactions?

Trifork follows Market Abuse Regulation Article 19 to report transactions made by individuals in managerial roles and their close associates, promoting transparency and trust.

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