Completion of share buyback programme
Company announcement 15/2022
HusCompagniet A/S (“HusCompagniet”) has now completed its share buyback programme worth up to DKK 40 million, which was launched on 4 January 2022. As of 24 March 2022, HusCompagniet has purchased a total of 316,931 shares with an aggregated transaction value of DKK 36.8 million under the share buyback programme announced in Company Announcement No. 1/2022.
The share buyback programme has been implemented 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”).
Including the share buyback programme of DKK 180 million completed in August 2021, the Board of Directors proposes that 8.95% of the share capital be cancelled in a share capital reduction, subject to approval at the Annual General Meeting on 8 April 2022 announced in Company Announcement No. 13/2022.
The following transactions were executed under the share buyback programme from 21 March 2022 to 24 March 2022:
|No. of shares||Average price (DKK)||Total value (DKK)|
|Accumulated, since last reporting||288,246||115.74||33,361,474|
|21 March 2022||6,471||120.77||781,505|
|22 March 2022||8,700||119.76||1,041,938|
|23 March 2022||7,160||119.66||856,788|
|24 March 2022||6,354||116.80||742,156|
|Accumulated under the programme||316,931||116.06||36,783,860|
As of today, HusCompagniet holds 1,999,989 treasury shares, corresponding to 10.00% of HusCompagniets share capital.
Details of each transaction made are enclosed.
For additional information, please contact:
Cristina Rønde Hefting, Head of IR & Press +45 51 96 23 14
HusCompagniet is a leading provider of single-family detached houses in Denmark. The company also builds semi-detached houses to both private consumers and professional investors and has a presence in Sweden where it produces prefabricated wood-framed detached houses through its VårgårdaHus brand.
The Group operates an asset-light and flexible delivery model with on-site building, primarily on customer-owned land. The construction is outsourced to subcontractors, allowing for a flexible cost base. In 2021, HusCompagniet generated revenue of approximately DKK 4.3 billion.
HusCompagniet delivered 1,831 houses in 2021, of which 1,441 were detached houses in Denmark, corresponding to a market share of approximately 24% of the Danish detached-house new-build market segment. HusCompagniet has 16 offices with showrooms in Denmark and Sweden and more than 60 show houses and offers digital sales through the online platform “HusOnline”. HusCompagniet currently has more than 400 employees.