Freetrailer Initiates Strategic Share Repurchase Programme
Freetrailer announces a new share repurchase programme aimed at optimizing capital structure and supporting future growth initiatives.
Sammanfattning
Freetrailer's share repurchase programme, running from March to June 2025, aims to optimize capital structure and support future acquisitions.
Freetrailer Group A/S, a prominent player in the trailer rental industry, has announced the initiation of a share repurchase programme scheduled to run from March 31, 2025, to June 30, 2025. This strategic move is designed to optimize the company's capital structure and build a reserve of own shares to support ongoing and future warrant programmes, as well as facilitate efficient future acquisitions.
The programme is structured in compliance with the EU Market Abuse Regulation and EU Commission Regulation No. 596/2014, ensuring transparency and adherence to regulatory standards. Freetrailer has appointed ABG Sundal Collier as the financial adviser and lead manager, who will independently handle all purchase decisions within the framework of the programme.
Key conditions of the programme include purchasing shares at prices not exceeding the higher of the latest independent trade or the highest independent bid on the Spotlight Stock Market. Additionally, daily purchases are capped at 25% of the average daily trading volume over the preceding 20 trading days.
Freetrailer's CEO, Nicolai Frisch Erichsen, emphasized that this initiative marks a significant milestone for the company, highlighting its profitable growth and substantial cash position. The programme is set to distribute this cash in a manner beneficial to both the company and its shareholders, while also allowing for continued investment in attractive projects.
From an investment perspective, the share repurchase programme signals confidence in the company's future prospects and financial health. Investors might view this as a positive indicator, suggesting potential for long-term value creation. As such, current and potential shareholders may consider holding their positions to benefit from the anticipated growth and strategic acquisitions enabled by this programme.
Källa
Sammanfattning
Freetrailer is launching a share repurchase programme from March 31, 2025, to June 30, 2025, in line with EU regulations. The programme aims to optimize the company's capital structure and secure shares for current and future warrant programmes and potential acquisitions. Freetrailer does not plan to cancel the acquired shares. ABG Sundal Collier will manage the purchases independently. Shares will not exceed the highest independent trade or bid price on the Spotlight Stock Market and daily purchases are capped at 25% of the average daily trading volume of the past 20 days. Weekly updates on the repurchase details will be provided. If the value of repurchased shares is below DKK 20 million, a new programme may be considered. CEO Nicolai Frisch Erichsen stated the programme is a strategic use of their cash position, benefiting the company and shareholders while allowing for future investments. For more information, contact Nicolai Frisch Erichsen or CMO Sara Lyngsøe.
