The board of directors of InstallatørGruppen A/S (“InstallatørGruppen” or the “Company”) has decided to initiate a share buy-back programme of up to DKK 25 million (the “Programme”). The Programme will run from 2 November 2026 until 31 March 2027 at the latest.
The purpose of the Programme is to enable the Company to use treasury shares as consideration in acquisitions. As also described in the offering circular regarding the Company’s initial public offering and admission of the shares to trading on Nasdaq Copenhagen, in the Group’s acquisitions, 80% of the purchase price is typically paid in cash at closing, while the sellers reinvest the remaining 20% in InstallatørGruppen. Value-adding acquisitions in Denmark, Switzerland and a potential third market are a priority in the Company’s capital allocation policy. The Company can settle the reinvestment either by issuing new shares or by delivering treasury shares. To limit the dilution of existing shareholders, the Company intends to use treasury shares acquired in the market. The Company has used treasury shares as consideration in its recent acquisitions in Switzerland, and its remaining holding of treasury shares is not sufficient to cover the reinvestments expected in connection with its acquisition pipeline.
As the purpose of the Programme is not one of the purposes set out in Article 5(2) of Regulation (EU) No 596/2014 (the “Market Abuse Regulation”), the Programme will not be carried out under the safe harbour provisions of Article 5 of the Market Abuse Regulation. The Programme will be structured and implemented in full compliance with the prohibitions on insider dealing and market manipulation set out in the Market Abuse Regulation. Moreover, the Programme will be carried out in accordance with the conditions on price, volume and disclosure set out in Article 5 of the Market Abuse Regulation and Commission Delegated Regulation (EU) 2016/1052 (the “Delegated Regulation”).
The Programme will be carried out under the authorisation granted to the board of directors in article 6.1 of the Company’s articles of association, under which the Company may until 1 May 2031 acquire treasury shares with a total nominal value of up to 15% of the share capital. The Programme is subject to the following terms:
• The maximum amount to be used for the Programme is DKK 25 million.
• The maximum number of shares that may be acquired under the Programme is 25,000,000 shares of nominally DKK 1 each.
• Shares may not be purchased at a price higher than the higher of the price of the last independent trade and the highest current independent purchase bid on Nasdaq Copenhagen at the time of purchase.
• On any trading day, the Company will not purchase more than 25% of the average daily volume of the Company’s shares traded on Nasdaq Copenhagen, calculated on the basis of the 20 trading days preceding the date of purchase.
- As the Programme will not be fully carried out under the safe harbour regime, the board of directors has decided that the Company will not, for the duration of the buy-back programme, engage in selling of own shares, trading during the closed period as set out in the Market Abuse Regulation, and trading where the Company has decided to delay the public disclosure of inside information in accordance with the Market Abuse Regulation.
The Company has appointed ABG Sundal Collier Denmark, filial af ABG Sundal Collier ASA, Norge (“ABG”) as lead manager of the Programme. ABG will make its trading decisions concerning the timing of the purchases independently of the Company.
Transactions under the Programme will be reported and announced by way of a company announcement no later than by the end of the seventh daily market session following the date of execution of such transactions. The Company may suspend, change or terminate the Programme at any time, which will be announced by way of a company announcement.
As at the date of this announcement, the Company holds 2,130,893 treasury shares, corresponding to 0.71% of the Company’s share capital.
Contact details
Head of Communications
Morten Reedtz Kjellev
+45 2921 6999
mk@i-g.dk
Head of Investor Relations
Maximillian Hjorth Beste
+45 2899 2846
mhb@i-g.dk
About InstallatørGruppen
InstallatørGruppen is a leading provider of multi-disciplinary technical installation services in Denmark and Switzerland. The Group comprises independent companies with a strong local presence and in-depth technical expertise. The companies within the Group offer solutions in the fields of plumbing, heating, ventilation/air conditioning, refrigeration and electrical systems, as well as in selected specialist areas such as sprinkler systems, energy optimisation, building automation, fibre-optic infrastructure and solar panel installations. The Group’s aim is to be a preferred partner for its customers in implementing the energy transition.
