Insights into Trifork Group's Share Buyback Program
Trifork Group has recently embarked on a share buyback initiative, marking a significant step forward in its corporate strategy. The company has allocated up to DKK 14.92 million (approximately EUR 2 million) for this buyback, demonstrating its confidence in the value of its shares. As of the start of this program, Trifork had already acquired 256,329 treasury shares, representing about 1.3% of its share capital.
Progress of Share Buybacks
Since the initiation of the buyback on 4 March 2025, Trifork has successfully repurchased a total of 82,174 shares for a combined cost of DKK 7,090,659. The activity under the buyback program has seen various transactions carried out, which reflects the company's commitment to enhancing shareholder value.
Details of Recent Transactions
Here’s an overview of some of the transactions conducted within this period:
- Total Purchased on Initial Date: 74,679 shares at an average price of DKK 85.74
- Recent Purchases on Selected Dates:
- 5 May 2025: 1,500 shares at DKK 90.12
- 6 May 2025: 1,297 shares at DKK 92.45
- 7 May 2025: 1,700 shares at DKK 91.34
- 8 May 2025: 1,600 shares at DKK 92.65
- 9 May 2025: 1,398 shares at DKK 92.27
By accumulating these shares, Trifork currently holds 315,631 treasury shares, which now represents approximately 1.6% of the total shares registered, amounting to 19,744,899. The adjusted figures show that the total number of outstanding shares is now 19,429,268 after accounting for the treasury shares.
Shareholder Benefits from the Buyback
Trifork’s share buyback program is not just about enhancing the share price or supporting market value. It also facilitates the changeover from cash payments to salary payments in shares for executives. In March and April, 2,929 shares acquired through this program were used as part of the executive management's fixed salary. Moreover, 19,943 shares were allocated for the Restricted Stock Unit (RSU) plans for select employees, thus involving a holistic approach to shareholder benefits and employee incentives.
About Trifork's Commitment to Innovation
Trifork is much more than just a company that buys back shares. It is a leading global technology partner that empowers both enterprise and public sector clients with innovative digital solutions. With a skilled workforce of 1,215 across 71 units and in 16 countries, Trifork is molding the future across several sectors, including healthcare, logistics, and financial services. Trifork Labs, the R&D arm of the company, is dedicated to fostering innovation by investing in high-potential technology ventures.
Media and Investor Relations
For inquiries or further information regarding Trifork’s buyback program or innovative services, you can contact:
Frederik Svanholm, Group Investment Director
frsv@trifork.com | Phone: +41 79 357 73 17
Frequently Asked Questions
1. What is the purpose of Trifork's share buyback program?
The share buyback program is aimed at enhancing shareholder value and providing flexibility in salary structuring for executives.
2. How many shares has Trifork repurchased?
Trifork has repurchased a total of 82,174 shares with a cost of DKK 7,090,659 since the program began.
3. Who can I contact for more information about Trifork?
You can reach out to Frederik Svanholm via email at frsv@trifork.com.
4. What industries does Trifork serve?
Trifork operates across various sectors, including public administration, healthcare, and logistics, providing innovative software solutions.
5. Where can I find more details about Trifork's business operations?
Further information can be found on the official Trifork website at trifork.com.
