TRYG Tryg A/S

Share Buyback concluded - transactions in connection with share Buyback programme

Share Buyback concluded - transactions in connection with share Buyback programme

 

On 27 April 2022, Tryg A/S (“Tryg”) announced that a share buyback programme of DKK 5.0 billion had been initiated as a result of the sale of Codan Denmark. The share buyback programme is executed in accordance with EU Market Abuse Regulation, EU Regulation no. 596/2014 of 16 April 2014 and the provisions of Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016 (the “Safe Harbour Regulation”). The share buyback programme will end no later than 03 July 2023.

Transactions made under the share buyback programme will be announced through Nasdaq Copenhagen on a weekly basis.

The following transactions have been executed in the period 12 June 2023 to 15 June 2023:

  Number

of shares
Avg. purchase

price, DKK
Transaction value, DKK
12 June 2023  145,000 153.95 22,322,750
13 June 2023  145,000 153.47 22,253,150
14 June 2023  157,000 154.23 24,214,110
15 June 2023  3,571 153.69 548,827
Accumulated for the period 450,571-69,338,837
Accumulated under the programme 31,324,571-4,999,999,877

Detailed information on all transactions under the share buyback programme during the period is included in the attached appendix.

Following the above transactions, Tryg owns a total of 12,115,178 treasury shares corresponding to 1.908% of the total share capital.

The DKK 5.0 billion share buyback program has thereby been concluded as per 15 June 2023.

Attachment



EN
15/06/2023

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Tryg A/S

Tryg AS: 2 directors

Two Directors at Tryg AS sold 65,000 shares at between 149.720DKK and 149.964DKK. The significance rating of the trade was 81/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last t...

Håkon Astrup
  • Håkon Astrup

Tryg (Buy, TP: DKK185.00) - Earnings momentum still solid

Through both favourable weather and narrowing credit spreads, Q1 PTP was 48% higher YOY. Recent repricing efforts continue to take effect, as seen in a 0.3%-points improved underlying claims ratio YOY, although portfolio rebalancing weighed somewhat on growth. Supported by an outlook for abating motor claims pressure, we continue to find the investment case favourable. Having made limited EPS revisions for 2026–2027e, we reiterate our BUY and DKK185 target price.

ABGSC Financials Research ... (+3)
  • ABGSC Financials Research
  • Fredrik Flørnes Støle
  • Jan Erik Gjerland
ABGSC Financials Research ... (+3)
  • ABGSC Financials Research
  • Fredrik Flørnes Støle
  • Jan Erik Gjerland

PTP beat from financials, UW inline

PTP beat from better financials, UW inline or a tad better. Reiterate '27 guidance and '25 premium growth from private/SMEs. Stock to outperform 1-3%; cons.est.rev. minor; strong read-x to GJF

ABGSC Financials Research ... (+3)
  • ABGSC Financials Research
  • Fredrik Flørnes Støle
  • Jan Erik Gjerland

ResearchPool Subscriptions

Get the most out of your insights

Get in touch