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    TCM   DK0060915478


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TCM Group A/S: Transactions in connection with share buy-back programme

10/11/2021 | 01:42am EST
TCM Group A/S: Transactions in connection with share buy-back programme


No. 107/2021

Tvis, 11 October 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 4 October - 8 October 2021:

Date No. of shares Average price (DKK) Total value (DKK)
Accumulated, last announcement 411,654 64,823,286
4 October 2021 5,000 143.22 716,100
5 October 2021 5,000 145.57 727,850
6 October 2021 5,000 145.82 729,100
7 October 2021 5,000 145.99 729,950
8 October 2021 5,000 146.44 732,200
Total 25,000 3,635,200
Accumulated under the programme 436,654 68,458,484

Following these transactions, TCM Group A/S holds 722,368 shares as treasury shares, corresponding to 7.2 percent of the Company's total share capital.

An overview showing the transaction data for the period 4 October - 8 October 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 designed and 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 and Nettoline. Combined, the brands cater for the entire price spectrum, and are sold through c. 140 dealers in Denmark and the rest of the Scandinavia. TCM Group sells private label kitchens through DIY stores in Denmark and independent kitchen stores in Norway. TCM Group is supplier to the 45% owned e-commerce kitchen business Celebert, which operates under the brands kitchn.dk, billigskabe.dk, Celebert and Just Woods. See www.tcmgroup.dk for more information.


Attachments 10005516491-en-1.pdf


TCM Group A/S published this content on 11 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 October 2021 05:41:10 UTC.

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Sales 2021 1 075 M 163 M 163 M
Net income 2021 125 M 19,0 M 19,0 M
Net Debt 2021 120 M 18,2 M 18,2 M
P/E ratio 2021 12,1x
Yield 2021 4,40%
Capitalization 1 455 M 221 M 221 M
EV / Sales 2021 1,46x
EV / Sales 2022 1,37x
Nbr of Employees 527
Free-Float 80,1%
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Managers and Directors
Torben Paulin Chief Executive Officer
Mogens Elbr°nd Pedersen Chief Financial Officer
Sanna Mari Suvanto-Harsaae Chairman
Anders Tormod Skole-S°rensen Deputy Chairman
S°ren Mygind Eskildsen Independent Director
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