Tvis, 21 May 2021
Transactions in connection with share buy-back programme
As mentioned in announcement no. 77/2021, TCM Group A/S (”TCM Group” or ”the Company”) has initiated a share buy-back programme which will run from 26 April 2021 until 11 March 2022. During this period, the Company will buy own shares for up to a maximum of DKK 100 million under the programme.
The share buyback has been set up and structured in accordance with the safe harbour rules in art. 5 of the Market Abuse Regulation and the European Commission Regulation 1052/2016 of 8 March 2016.
The following transactions have been executed during the period 17 - 21 May 2021:
|Date||No. of shares||Average price (DKK)||Total value (DKK)|
|Accumulated, last announcement||55,000||9,248,400|
|17 May 2021||4,000||167.25||669,000|
|18 May 2021||2,000||166.50||333,000|
|19 May 2021||5,000||165.25||826,250|
|20 May 2021||5,000||159.78||798,900|
|21 May 2021||5,000||160.62||803,100|
|Accumulated under the programme||76,000||12,678,650|
Following these transactions, TCM Group A/S holds 361,714 shares as treasury shares, corresponding to 3.6 percent of the Company’s total share capital.
An overview showing the transaction data for the period 17 - 21 May 2021 is enclosed.
For further information please contact:
Torben Paulin, CEO, TCM Group A/S, +45 21 21 04 64
About TCM Group
TCM Group is Scandinavia’s third largest manufacturer of kitchens and furniture for bathrooms and storage. The products are Danish design, produced in Denmark and rooted in a proud tradition of good quality and good craftsmanship. TCM Group pursues a multi-brand strategy, under which the main brand is Svane Køkkenet and the other brands are Tvis Køkkener, Nettoline and kitchn. Combined, the brands cater for the entire price spectrum, and are sold through c. 140 dealers in Denmark and the rest of the Scandinavia. In addition, TCM Group sells private label kitchens through DIY stores in Denmark and independent kitchen stores in Norway. See www.tcmgroup.dk for more information.