Today techs Copenhagen Capital A/S – Buyback of personal shares at present value

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The board of administrators of Copenhagen Capital A/S determined to launch a share buyback of a most of two,000,000. peculiar shares at a value of DKK 6.04, similar to a most of two.02% of the corporate’s share capital and 4.08% of the corporate’s peculiar share capital and a most quantity of DKK 12,080,000.

Copenhagen Capital A/S owns per no personal shares thus far.

The corporate has (cf. firm announcement of 30 August 2022) within the interval 1 January 2022 to 30 June 2022 had earnings of DKK million. 90.1 after tax, the place internet value per share is calculated at DKK 8.79.

Foundation for the buyback:
Cf. the corporate’s articles of affiliation 2.8, till 1 April 2027, the board of administrators is permitted to accumulate personal today techs capital shares on behalf of the corporate with a nominal worth of as much as 50% of the corporate’s complete peculiar share capital and as much as the whole firm’s desire share capital. If peculiar shares are acquired, the consideration should correspond to the quoted today techs value on NASDAQ OMX Copenhagen A/S plus/minus 10% on the time of acquisition.

With the implementation of the share buyback, the board will use the authorization to permit the corporate to accumulate its personal shares. The repurchased shares can be utilized to cowl the corporate’s warrant program, capital discount or offered to a 3rd get together in future strategic transactions. The board will subsequently decide on this after assessing what creates the best doable worth for the shareholders on the given time.

Description of the buyback:
The buyback value has been set at 6.04, which corresponds to the common value degree at which the corporate’s peculiar shares have traded because the publication of the corporate’s interim report on 30 August 2022. The share buyback will run throughout the interval on 26 September 2022 at 9:00 a.m. to 10 October 2022 today techs at 17:00 (Danish time).

From Monday 26 September 2022 at 09:00 as much as and together with Monday 10 October 2022 at 17:00 (Danish time) a visual bid order today techs shall be positioned available in the market today techs for two,000,000 shares at a value of 6.04, in order that will probably be doable for all the corporate’s shareholders to might take part within the buyback program by promoting their shares straight available on the market and repeatedly comply with the event.

There aren’t any restrictions on the variety of shares that the person shareholder can promote, and the order will stay seen throughout the interval that the share buyback runs or till the corporate has bought the utmost variety of shares that the framework permits.

Hans August Lund, who’s a member of the board of Copenhagen Capital A/S, has introduced that he’s contemplating promoting a part of his shares and has subsequently not participated within the board’s consideration of the share buyback. Hans August Lund stands behind different shareholders and can solely promote if there are remaining bid orders on the supply expiry day.

The corporate will announce the full results of the share buyback both when the corporate has acquired 2,000,000 shares, if vital occasions happen or on the finish of the interval on 10 October 2022.

Yours sincerely
Copenhagen Capital A/S
Director Rasmus Greis
Telephone: +45 70271060
E mail:

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