Alm Brand approval cuts solvency requirement by about DKK 0.6B

Alm Brand approval cuts solvency requirement by about DKK 0.6B

Alm Brand A/S, a prominent player in the European market, has recently received approval to reduce its solvency requirement by approximately DKK 0.6 billion. This significant move comes as part of the company's ongoing efforts to optimize its financial structure and strengthen its balance sheet.

The approval was granted following a comprehensive review of the company's financial health and operational performance. Alm Brand A/S has been actively engaging in a series of strategic initiatives, including a substantial share buy-back program, aimed at enhancing shareholder value and bolstering the company's financial position.

The share buy-back program, announced on 5 March 2025, is being conducted in accordance with the Regulation No 596/2014 of the European Parliament and Council of 16 April 2014 (MAR) and the Commission Delegated Regulation (EU) 2016/1052, also known as the Safe Harbour Regulations. Under this program, Alm Brand A/S has already acquired a significant number of its own shares, which has contributed to a reduction in the total number of outstanding shares. As of the latest transactions, the company holds 27,920,696 own shares, representing 1.92% of the total number of outstanding shares [1].

The reduction in solvency requirement is expected to provide Alm Brand A/S with greater financial flexibility, allowing the company to pursue further growth opportunities and enhance its operational efficiency. This approval marks a significant milestone in the company's strategic plan, positioning it to navigate the competitive landscape with a stronger financial footing.

For further details on this announcement, investors and equity analysts are encouraged to contact the Head of Investor Relations & ESG, Mads Thinggaard, at +45 2025 5469.

References:
[1] https://finance.yahoo.com/news/alm-brand-weekly-report-share-073000203.html