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Trophy Games Announces Share Buyback Program
Prenumeration
Beskrivning
| Land | Danmark |
|---|---|
| Lista | First North Denmark |
| Sektor | Sällanköp |
| Industri | Gaming |
Company Announcement no. 21/2025 (April 10, 2025)
*Contains Inside Information*
The Board of Directors of Trophy Games Development A/S has decided to initiate a share buyback program, utilizing the authority granted by the Annual General Meeting on 8 April 2025. This program is valid until the next annual general meeting and allows for the repurchase of shares up to a total nominal value of 10% of the share capital, at the prevailing market price, with a permissible deviation of up to 10%.
Purpose
The share buyback program complements the company's dividend policy and aims to optimize the capital structure.
Time Frame and Buyback Terms
The share buyback program will be executed from 11 April 2025 until the close of trading on Nasdaq Copenhagen on the day of the 2025 Annual General Meeting. During this period, Trophy Games Development A/S intends to repurchase shares up to a maximum value of DKK 5 million.
Danske Bank A/S has been appointed as the lead manager for the program and will make independent trading decisions to execute the buyback within the specified parameters.
Disclosure
The company will publish announcements of all transactions under the program on a monthly basis and at the program's conclusion.