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    TCM   DK0060915478

TCM GROUP A/S

(TCM)
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Delayed Nasdaq Copenhagen  -  05/18 10:04:50 am EDT
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TCM Group A/S: Transactions in connection with share buy-back programme

01/03/2022 | 01:49am EDT
TCM Group A/S: Transactions in connection with share buy-back programme

COMPANY ANNOUNCEMENT

No. 122/2022

Tvis, 3 January 2022

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 27 December - 30 December 2021:

Date No. of shares Average price (DKK) Total value (DKK)
Accumulated, last announcement 540,213 84,698,298
27 December 2021 1,500 158.15 237,225
28 December 2021 1,800 159.48 287,064
29 December 2021 1,500 159.25 238,875
30 December 2021 1,500 158.44 237,660
Total 6,300 1,000,824
Accumulated under the programme 546,513 85,699,122

Following these transactions, TCM Group A/S holds 832,227 shares as treasury shares, corresponding to 8.3 percent of the Company's total share capital.

An overview showing the transaction data for the period 27 December - 30 December 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


Attachments 10005869121-en-1.pdf
10005869121-en-2.pdf

Disclaimer

TCM Group A/S published this content on 03 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 January 2022 06:48:04 UTC.


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Sales 2022 1 186 M 168 M 168 M
Net income 2022 109 M 15,4 M 15,4 M
Net Debt 2022 226 M 32,0 M 32,0 M
P/E ratio 2022 8,52x
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