Brief: TCM Group Launches Share Buy Back Programmes

TCM A/S

15/04/2021 06:33

April 15 (Reuters) - TCM Group A/S  TCM.CO :
    * REG-TCM GROUP A/S: SHARE BUY BACK PROGRAMME
    * LAUNCH OF TWO NEW SHARE BUYBACK PROGRAMMES OF UP TO DKK
150M
    * HAS DECIDED TO INITIATE FOLLOWING SHAREHOLDER
DISTRIBUTIONS:ORDINARY DIVIDEND PAYMENT FOR 2020 OF DKK 5.50 PER
SHARE CORRESPONDING TO 54% OF NET PROFIT.
    * IMPLEMENTATION OF A SHARE BUY BACK PROGRAM OF IN TOTAL UP
TO DKK
150 MILLION.
    * HAS DECIDED TO INITIATE FOLLOWING SHAREHOLDER
DISTRIBUTIONS:
EXTRA DIVIDEND OF DKK 7.50 PER SHARE.
    * SHARE BUYBACK CONSISTS OF TWO PROGRAMMES
    * SHARE BUYBACK PROGRAMME RUNS IN PERIOD FROM 26 APRIL 2021
AND UP
UNTIL 11 MARCH 2022
    * MAXIMUM NUMBER OF SHARES THAT CAN BE PURCHASED UNDER SHARE
BUYBACK PROGRAMME IS 1,000,000 SHARES.

Source text for Eikon:  ID:nGNE7nwWNG 
Further company coverage:  TCM.CO 

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