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Beskrivning
| Land | Danmark |
|---|---|
| Lista | Spotlight DK |
| Sektor | Handel & varor |
| Industri | Sällanköpsvaror |
The Supervisory Board of Freetrailer Group A/S (Freetrailer) has decided to exercise the authority to repurchase shares granted by the Annual General Meeting on 27 November 2023. The share repurchase programme covers shares at a maximum value of DKK 20 million.
The programme runs as from 31 March 2025 and up to and including 30 June 2025 at the latest. The share repurchase programme is initiated and structured in compliance with the EU Market Abuse Regulation and EU Commission Regulation No. 596/2014 of 16 April 2014.
Conditions for the share repurchase programme
- The purpose of the programme is to optimise the capital structure of the company and to build a position of own shares to ensure sufficient shares to settle on-going and future warrant programmes and allow the company to structure potential future acquisitions in the most efficient and flexible way
- As such, Freetrailer does not expect to cancel the acquired shares following the completion of the repurchase programme
- Freetrailer will enter into a contract with a financial adviser which will independently of and without influence from Freetrailer handle all purchase decisions and execute the purchases within the framework published. Freetrailer has appointed ABG Sundal Collier as financial adviser and lead manager for the programme.
- The shares cannot be purchased at prices exceeding the higher of (i) the price of the latest independent trade and (ii) the price of the highest independent bid on Nasdaq Copenhagen at the time of the transaction.
- The total number of shares that may be purchased on a single trading day may not exceed 25% of the average daily trading volume over the preceding 20 trading days on Nasdaq Copenhagen.
- Freetrailer will publish the amount of shares repurchased as well as the weighted average price per day and per venue in weekly corporate announcements during the programme.
- Freetrailer may initiate a new share repurchase programme if the value of the repurchased shares does not amount to DKK 20 million. The timing of such a programme will depend on a number of factors, which will be evaluated once the announced programme is completed on June 30 2025 at the latest
Comment from the CEO, Nicolai Frisch Erichsen:
"We believe the initiation of the share repurchase programme marks another milestone in Freetrailer's journey as a listed company. Being a profitable growth company has led to a significant cash position, which we are now seeking to distribute in a way that is mutually beneficial for the company and its shareholders. We will continue to evaluate and undertake attractive projects and investments, and we believe we will have the necessary resources to do so following completion of the share repurchase programme."