Tryg A/S (CPSE:TRYG) commences share repurchases on October 16, 2023, under the program mandated by the shareholders in the Annual General Meeting held on March 30, 2023. As per the mandate, the company is authorized to repurchase not more than 10% of its issued share capital at any given point in time. The price to be paid for each share shall not deviate by more than 10% from the registered price of the shares at Nasdaq Copenhagen. The authorization is valid till December 31, 2024. As at March 2, 2023, the company had 654,653,980 issued shares.

On October 13, 2023, the company announces a share repurchase program. Under the program, the company will repurchase up to 15,000,000 shares, for DKK 1,000 million. The shares will be purchased at a price not higher than the amount of the last independent transaction or highest independent bid on the shares on Nasdaq Copenhagen A/S. The purpose of the program is to return excess capital to the shareholders. The repurchased shares will be cancelled. The repurchases will commence from October 16, 2023, and the program will be valid till January 31, 2024. As of October 17, 2023, the company had 12,526,551 treasury shares.