Understanding Tryg's Share Buyback Initiative: Key Insights

Overview of Tryg's Share Buyback Programme
On December 4, Tryg A/S has made an important financial move by announcing a share buyback programme worth up to DKK 2.0 billion. This programme is not just a reflection of the company's strong market position but also a strategic plan to enhance shareholder value. By undertaking this buyback, Tryg aims to optimize its capital structure and return surplus capital to its shareholders over time.
Understanding the Buyback Process
Executed in compliance with EU Market Abuse Regulations, this buyback initiative adheres strictly to established protocols. The programme's framework aligns with the provisions laid down by the EU Regulation no. 596/2014 and the Commission Delegated Regulation (EU) 2016/1052. This commitment ensures that Tryg operates transparently while aiming to protect the interests of its shareholders.
Timeline of the Programme
The share buyback programme is set to conclude by June 30, providing adequate time for Tryg to carefully execute its share repurchase strategy. Weekly announcements of transactions executed under this programme will be published through Nasdaq Copenhagen, ensuring that all stakeholders are kept informed of developments.
Recent Transactions
From June 10 to June 13, a series of transactions were executed under the buyback programme, showcasing Tryg’s proactive approach towards maintaining shareholder value. Here’s a brief overview:
The transactions during this period included:
- June 10: 70,000 shares at an average price of DKK 167.19, resulting in a total transaction value of DKK 11,703,300.
- June 11: 75,000 shares at an average price of DKK 166.08, aggregating to DKK 12,456,000.
- June 12: 81,797 shares purchased at DKK 164.99, totaling DKK 13,495,687.
- June 13: 83,203 shares at a price of DKK 164.63, reaching a transaction value of DKK 13,697,710.
Cumulative Transactions Summary
As of June 13, the overall number of shares bought back during this period stands at 310,000 shares, with an accumulated transaction value of approximately DKK 51,352,697. To date, a total of 12,551,533 shares have been accumulated under the ongoing buyback programme, showcasing Tryg's dedicated commitment to returning value to shareholders.
Future Shareholding Landscape
Post these transactions, Tryg has successfully acquired a total of 7,928,218 treasury shares, representing about 1.297% of its entire share capital. This elevation in possession not only reinforces its stake in the company but also elucidates its strategy towards maintaining a robust capital framework.
Contact Information for Investor Relations
If you have any inquiries regarding the share buyback programme or other investor-related questions, please feel free to reach out to:
- Gianandrea Roberti, Head of Financial Reporting, SVP - +45 20 18 82 67, gianandrea.roberti@tryg.dk
- Robin Hjelgaard Løfgren, Head of Investor Relations - +45 41 86 25 88, robin.loefgren@tryg.dk
- Peter Brondt, Investor Relations Director - +45 22 75 89 04, peter.brondt@tryg.dk
For additional details, consider visiting the official website at tryg.com.
Frequently Asked Questions
What is the total amount allocated for Tryg's buyback programme?
Tryg has allocated up to DKK 2.0 billion for its share buyback programme.
How are the share buyback transactions reported?
Transactions will be announced through Nasdaq Copenhagen on a weekly basis.
What is the expected end date for the buyback programme?
The share buyback programme is scheduled to conclude no later than June 30.
How many shares has Tryg repurchased so far?
To date, Tryg has repurchased a total of 12,551,533 shares under the programme.
Who can I contact regarding share buyback questions?
For inquiries, you can reach out to Gianandrea Roberti, Robin Hjelgaard Løfgren, or Peter Brondt via the provided contact details.
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