Overview of Trifork Group's Share Buyback Program
Trifork Group has taken a significant step in managing its capital structure by initiating a share buyback program. This program, which began on 4 March 2025, is conducted in compliance with the European regulations aimed at ensuring transparency and protecting investors. The plan allows Trifork to repurchase shares over a defined period, concluding no later than 30 June 2025.
Financial Details of the Share Buyback
The total financial allocation for this buyback is up to DKK 14.92 million, equivalent to approximately EUR 2 million. This strategic investment underscores Trifork's commitment to enhancing shareholder value. At the start of the program, Trifork held 256,329 treasury shares, representing 1.3% of its share capital. This foundational position sets the stage for the subsequent transactions under the buyback initiative.
Transactions Summary
Since the initiation of the buyback program, Trifork has successfully acquired a total of 106,074 shares, with an overall expenditure amounting to DKK 9,297,085. Throughout this period, the company executed several transactions, gradually increasing its treasury holdings. Below is a summary of the key transactions:
The details of the daily transactions include:
- Total Beginning Shares: 99,074 shares with an average purchase price of DKK 87.27; a total transaction value of DKK 8,646,363.
- June 2, 2025: 1,600 shares purchased at DKK 92.95, totaling DKK 148,720.
- June 3, 2025: 1,800 shares purchased at DKK 92.98, totaling DKK 167,364.
- June 4, 2025: 1,800 shares purchased at DKK 92.42, totaling DKK 166,356.
- June 6, 2025: 1,800 shares purchased at DKK 93.49, totaling DKK 168,282.
Impact on Company Structure
With the completion of these transactions, Trifork now holds a total of 338,090 treasury shares, which corresponds to 1.7% of its overall shares. A comprehensive analysis indicates that the total number of registered shares in Trifork is 19,744,899, and when adjusted for treasury shares, the number of outstanding shares stands at 19,406,809.
Transitioning to New Compensation Structures
In a pivotal move associated with its share buyback program, Trifork has adapted its executive compensation strategy. On specific dates in March, the company utilized shares from the buyback program to partially pay the salaries of its Executive Management. This shift from cash payments to stock-based compensation reflects Trifork's innovative approach to aligning employee interests with those of shareholders. Moreover, the shares were also allocated to support the Restricted Stock Unit (RSU) plan for certain employees, underscoring the organization’s focus on retaining and motivating talent.
Company Contact Information
For further inquiries, please reach out to:
Frederik Svanholm, Group Investment Director
Email: frsv@trifork.com
Phone: +41 79 357 73 17
About Trifork Group
Trifork (NASDAQ: TRIFOR) is a pioneering global technology company that empowers enterprise and public sector clients with cutting-edge digital products and solutions. Boasting 1,215 professionals across 71 business units in 16 countries, Trifork excels in developing, building, and operating advanced software spanning multiple sectors, including public administration, healthcare, manufacturing, logistics, energy, financial services, retail, and real estate. The Group’s innovation is driven further by Trifork Labs, which invests in and grows synergistic technology companies.
Frequently Asked Questions
What is the purpose of the share buyback program initiated by Trifork?
The share buyback program is aimed at enhancing shareholder value and managing the company's capital structure effectively.
How many shares has Trifork repurchased under the program?
As of now, Trifork has repurchased a total of 106,074 shares.
What is the total financial allocation for Trifork's buyback program?
The buyback program has a total financial allocation of up to DKK 14.92 million (approximately EUR 2 million).
What percentage of shares are held by Trifork as treasury shares?
Trifork currently holds 338,090 treasury shares, which is about 1.7% of its total registered shares.
How does the share buyback program affect executive compensation at Trifork?
Shares from the buyback program have been used to compensate executive salaries, marking a shift towards equity compensation in support of the company's RSU plan.
