Overview of Share Buyback Programme
Tryg A/S has made a notable step by announcing a share buyback programme with a value of up to DKK 2 billion. This initiative is part of their ongoing strategy to manage capital efficiently and enhance shareholder value. Under this plan, shares will be repurchased in adherence to the EU Market Abuse Regulation, ensuring compliance with applicable laws and regulations.
Execution Details
The share buyback programme is structured to conclude by a specified timeframe, allowing for systematic and regulated purchasing of shares. Transactions carried out under this programme will be reported weekly through Nasdaq Copenhagen, providing transparency and informing investors about the purchases made during the specified dates.
Recent Transactions
During the reporting period from May 19 to May 23, 2025, several transactions were executed:
- 19 May 2025: 60,000 shares at an average purchase price of DKK 167.58, totaling DKK 10,054,800.
- 20 May 2025: 49,746 shares at an average purchase price of DKK 169.02, totaling DKK 8,408,069.
- 21 May 2025: 50,000 shares at an average purchase price of DKK 170.16, totaling DKK 8,508,000.
- 22 May 2025: 55,000 shares at an average purchase price of DKK 170.71, totaling DKK 9,389,050.
- 23 May 2025: 50,000 shares at an average purchase price of DKK 170.99, totaling DKK 8,549,500.
In total, these transactions accounted for 264,746 shares which resulted in an impressive DKK 44,909,419 in value for that specific period. Cumulatively, under the share buyback programme, Tryg has repurchased 11,811,533 shares, amounting to a substantial DKK 1,814,709,353.
Impact on Total Shareholding
As a result of these buybacks, Tryg now holds 7,188,361 shares in treasury, which equates to approximately 1.176% of the company's total share capital. This strategic move reflects not only a commitment to capital return but also an effort to support the share price in the market, fostering a positive sentiment among current and potential investors.
Contact Information
For further inquiries about the share buyback programme, stakeholders can reach out to:
- Gianandrea Roberti, Head of Financial Reporting, SVP. Phone: +45 20 18 82 67, Email: gianandrea.roberti@tryg.dk
- Robin Hjelgaard Løfgren, Head of Investor Relations. Phone: +45 41 86 25 88, Email: robin.loefgren@tryg.dk
- Peter Brondt, Investor Relations Director. Phone: +45 22 75 89 04, Email: peter.brondt@tryg.dk
Frequently Asked Questions
What is the purpose of the share buyback programme?
The share buyback programme aims to return value to shareholders and manage capital efficiently.
When will transactions be reported?
Transactions will be announced weekly through Nasdaq Copenhagen to maintain transparency.
How many shares has Tryg repurchased under the programme?
Tryg has repurchased a total of 11,811,533 shares during the buyback programme.
What percentage of total share capital do treasury shares represent?
The treasury shares represent approximately 1.176% of Tryg's total share capital.
Who can I contact for more information?
Contact Gianandrea Roberti, Robin Hjelgaard Løfgren, or Peter Brondt for inquiries related to the share buyback programme.
