Trifork Group Launches Strategic Share Buyback Initiative
Trifork Group Introduces a New Share Buyback Program
In a significant move to enhance shareholder value, Trifork Group has announced the initiation of a strategic share buyback program. This program, which aligns with the European regulations set forth, aims to acquire shares in the open market over several months. As a company dedicated to progressive technology solutions, Trifork’s buyback plan underscores its commitment to maintaining a strong market presence and rewarding its investors.
Details of the Share Buyback Program
Set to run from early March through the end of June, this program represents a proactive strategy by Trifork Group. The total budget for share repurchases is set at DKK 14.92 million (about EUR 2 million). However, the company will halt transactions from mid-April for a short period, ensuring compliance with regulatory requirements and strategic oversight.
Historical Context and Immediate Impact
Before implementing this program, Trifork already held 256,329 treasury shares, which equated to approximately 1.3% of its total equity. The introduction of the buyback program signified the company's strong position within its market sector, with anticipation of increasing shareholder confidence.
Transaction Overview and Commentary
During the buyback period, Trifork demonstrated a steady pace of acquiring additional shares. As of the most recent reporting, a total of 29,388 shares have been repurchased for approximately DKK 2,469,874, garnering positive reactions from the market and investors.
Key Transaction Dates and Figures
The details surrounding the transactions highlight the dynamic nature of Trifork’s activities within the buyback program. From March 17 to March 21, several transactions were executed, notably:
- On March 17, 2025, 2,000 shares were purchased at a price of DKK 84.74 each.
- On March 18, 2025, another 2,000 shares were bought at DKK 87.22 each.
- By March 21, a total of 1,900 shares rounded out the investments for the week.
With these transactions, Trifork’s treasury share count has now increased to 285,717 shares, representing 1.4% of their overall share capital. This upward adjustment in treasury shares reflects the group’s ongoing commitment to share price stabilization and investor returns.
Investor Relations and Contact Information
Frederik Svanholm, the Group Investment Director and Head of Investor Relations at Trifork Group, remains available to discuss inquiries related to this share buyback initiative. Interested parties can reach Frederik at:
frsv@trifork.com | +41 79 357 73 17
About Trifork Group
Trifork is a distinguished global technology partner recognized for empowering both enterprise and public sector clients with cutting-edge solutions. With a formidable presence of 1,229 professionals across 73 business units spanning 16 countries, Trifork excels in building and delivering advanced software that meets the needs of diverse industries, such as public administration, healthcare, logistics, financial services, and more. The company’s R&D hub, Trifork Labs, champions innovation, investing in emerging tech ventures that foster advancements in the digital landscape.
As a publicly traded entity on Nasdaq Copenhagen, Trifork Group remains focused on sustaining growth while exploring new avenues to enhance its market offerings. For additional information, visit trifork.com.
Frequently Asked Questions
What is the purpose of Trifork Group's share buyback program?
The program aims to enhance shareholder value by repurchasing shares, which can stabilize or increase the overall share price.
How much is Trifork planning to spend on the buyback program?
Trifork has allocated DKK 14.92 million (approximately EUR 2 million) for this share buyback initiative.
When will the share buyback program be active?
The program is set to run from March 4 to June 30, pausing from April 9 to April 15.
How many treasury shares does Trifork currently hold?
As of now, Trifork holds a total of 285,717 treasury shares, equating to 1.4% of its total share capital.
What industries does Trifork serve?
Trifork supports sectors including public administration, healthcare, logistics, financial services, and many more, delivering comprehensive technological solutions.
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