Trifork calculations of share price and purchase of treasury shares
Twice a year Trifork offer to purchase shares from existing shareholders based on a calculated “treasury share price” based on the development and results of the Trifork Group.
The price is calculated in connection to the release of the half year and full year financial reports.
After each half year report – Trifork offers to purchase shares of an amount of up to 10% of the half year EBIT to a share price based on the calculated price minus 10%. After the full year financial report Trifork offers to purchase shares of an amount up to 10% of the full year EBIT minus the amount of money used to purchase shares after the half year report was published. The price offered will be the final calculated share price.
Shareholders that wishes to sell shares have one month after the publication of the half year or full year report to give notice about how many shares that they wish to sell. After the termination of the notice-period Trifork will calculate how many shares that can be purchased from each shareholder that has a wish to sell. If the total value of shares for sale exceeds the allocated amount for share purchase – each shareholder will be reduced with a ratio based on the number of shares for sale compared with the total number of shares for sale. For each transaction (trade of shares) there will be an administration fee of DKK 500 to cover the expenses at Sydbank and Trifork for handling the transaction.
If any investor wish to sell shares back to Trifork outside of the time frames listed above, the company can be contacted on email@example.com.
Current share price
After the publication of the half year report 2016, the share price has been calculated to EUR 5.63 (DKK 42.0), which equals the price that Trifork offer in relation to purchase of treasury shares.