Trifork Group's Strategic Share Buyback Program Overview
Trifork Group's Share Buyback Program: An In-Depth Look
Trifork Group is taking significant steps to enhance shareholder value through its recently initiated share buyback program. This proactive measure reflects the company's commitment to maintaining a robust and dynamic financial strategy.
Overview of the Share Buyback Initiative
On February 28, 2025, Trifork launched a share buyback program in compliance with the European regulatory framework. This initiative is set to run from March 4, 2025, until June 30, 2025, with specific trading pauses planned for mid-April. This structured timeline allows the company to align its repurchases with market conditions effectively.
Investment Details and Transactions
The total budget for this share buyback program is approximately DKK 14.92 million, which equates to around EUR 2 million. Prior to this initiative, Trifork held 256,329 treasury shares, representing about 1.3% of its overall share capital. Here’s a summary of the transactions made under this program:
Transaction Highlights
As of now, the share buyback program has successfully repurchased a total of 66,897 shares, amounting to DKK 5,701,099. The most recent transactions include significant purchases occurring shortly before the end of April:
- Total shares repurchased: 66,897
- Average purchase price per share: 85.22 DKK
- Transaction value accumulated: 5,701,099 DKK
Details of Recent Transactions
Here are some of the notable daily transactions under the backup program:
- On April 22, 2025, 1,933 shares were purchased at an average price of 84.69 DKK.
- On April 23, 2025, 2,000 shares were bought at 85.16 DKK.
- On April 24, 2025, Trifork acquired 1,900 shares at a price of 86.77 DKK.
- And on April 25, 2025, another purchase for 1,155 shares at 88.64 DKK was executed.
These transactions exemplify Trifork's strategy to gradually increase its treasury share count, which now stands at 300,354 shares or 1.5% of its total stock.
Strategic Implications for Shareholders
The ongoing share buyback initiative signifies Trifork's intent to not only support its stock price but also enhance shareholder equity. By utilizing return mechanisms like converting some shares for Executive Management’s salaries, Trifork is adjusting its capital management to favor a share-centric remuneration model, which can foster investor confidence and potentially lead to an increase in share price as the market acknowledges this commitment.
Investor Relations and Corporate Communication
For further updates on Trifork’s share buyback program and general corporate affairs, investors and interested parties can contact:
Frederik Svanholm, Group Investment Director
Email: frsv@trifork.com
Phone: +41 79 357 73 17
About Trifork Group
Trifork is recognized as a leading global technology partner, dedicating its resources to developing innovative solutions for both private enterprises and public sector entities. With a talented workforce of 1,229 professionals across various sectors and geographies, Trifork excels in delivering technology-driven solutions in fields such as healthcare, finance, and logistics. The company is publicly traded on the Copenhagen Stock Exchange under the ticker symbol Copenhagen: TRIFOR.
Frequently Asked Questions
What is the purpose of Trifork's share buyback program?
The program aims to enhance shareholder value by reducing the number of outstanding shares and supporting the stock price.
How much has Trifork budgeted for the share buyback?
Trifork has allocated approximately DKK 14.92 million (around EUR 2 million) for the buyback program.
How many shares have been repurchased under the program?
As of now, Trifork has repurchased a total of 66,897 shares since the program commenced.
What was the average purchase price of the shares repurchased?
The average purchase price per share is approximately 85.22 DKK.
How does the buyback program affect the company's treasury shares?
The buyback program has increased the total number of treasury shares held by Trifork to 300,354, which represents 1.5% of its total registered shares.
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