Core Viewpoint - Tryg has launched a share buyback programme to return excess capital to shareholders, with a total nominal value of up to DKK 300 million, corresponding to approximately 10% of its share capital, valid until December 31, 2026 [1][3]. Group 1: Share Buyback Programme Details - The share buyback programme will commence on January 22, 2026, and conclude no later than May 13, 2026 [1]. - The maximum total consideration for shares bought back will be DKK 1 billion, with a maximum of 13 million shares to be repurchased [7]. - The maximum number of shares that may be purchased per daily market session will not exceed 25% of the average daily volume of Tryg's shares traded on Nasdaq Copenhagen over the preceding 20 trading days [7]. Group 2: Execution and Management - Danske Bank A/S has been appointed as the lead manager for the share buyback programme, making trading decisions independently [3]. - The programme will be executed in compliance with EU Market Abuse Regulation and the Safe Harbour Regulation [2]. - Tryg will announce transactions made under the share buyback programme weekly, adhering to reporting obligations [7]. Group 3: Additional Information - Tryg holds 9,324,774 treasury shares prior to the launch, which corresponds to 1.53% of the total share capital [4]. - The company reserves the right to terminate the programme at any time, with announcements made through Nasdaq Copenhagen if necessary [4].
Tryg launches a share buyback programme of DKK 1bn
Globenewswire·2026-01-22 06:31