Transactions in connection with share buyback programme
Company announcement 14/2022
On 4 January 2022, HusCompagniet A/S (“HusCompagniet”) launched a share buyback programme, as described in Company Announcement No. 1/2022. According to the programme, HusCompagniet will in the period from 4 January 2022 to 31 March 2022 purchase own shares up to a maximum value of DKK 40 million and no more than 316,942 shares, corresponding to 1.6% of the share capital at commencement of the programme. 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”).
The following transactions were executed under the share buy-back programme from 14 March 2022 to 18 March 2022:
No. of shares | Average price (DKK) | Total value (DKK) | |
Accumulated, since last reporting | 270,402 | 115.94 | 31,350,320 |
14 March 2022 | 4,734 | 109.26 | 517,227 |
15 March 2022 | 5,823 | 109.44 | 637,291 |
16 March 2022 | 344 | 112.45 | 38,681 |
17 March 2022 | 2,185 | 116.69 | 254,973 |
18 March 2022 | 4,758 | 118.32 | 562,981 |
Total | 17,844 | 112.71 | 2,011,154 |
Accumulated under the programme | 288,246 | 115.74 | 33,361,474 |
As of today, HusCompagniet holds 1,971,340 treasury shares, corresponding to 9.86% of HusCompagniets share capital.
Details of each transaction made are enclosed.
For additional information, please contact:
HusCompagniet
Cristina Rønde Hefting, Head of IR & Press +45 51 96 23 14
About HusCompagniet
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.
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