In accordance with Article 19 of Regulation No. 596/2014 on Market Abuse and Implementing Regulation 2016/523, IC Group A/S has reported the following transactions carried out by Friheden Invest A/S. 1. Details of the person discharging managerial responsibilities / person closely associated a) Name Friheden Invest A/S 2. Reason for notification a) Occupation/title Person closely related to Niels Martinsen, member of the board of directors b) First notification /change to notification First...
As previously disclosed in company announcement of 5 July 2019, Friheden Invest A/S has initiated a compulsory redemption of the minority shareholders in IC Group A/S in accordance with sections 70 and 72 of the Danish Companies Act. Based on this, the board of directors of IC Group A/S decided to request Nasdaq Copenhagen A/S for a delisting and cancellation from trading of all shares in IC Group A/S, whereby the last day of trading would be 2 August 2019. Nasdaq Copenhagen A/S has today...
IC Group A/S hereby announces that the sale of the Group’s logistics function to Scan Global Logistics Group has been completed. The contents of this announcement will have no impact on the Group’s outlook for the financial year 2018/19 which was most recently updated in connection with the Company Announcement no. 16/2019 on 17 June 2019. IC Group A/S Please direct any questions regarding this announcement to: Karin Hjort Jensen Executive assistant to the CEO +45 32 66 75 43 This...
In accordance with Article 19 of Regulation No. 596/2014 on Market Abuse and Implementing Regulation 2016/523, IC Group A/S has reported the following transactions carried out by Friheden Invest A/S. 1. Details of the person discharging managerial responsibilities / person closely associated a) Name Friheden Invest A/S 2. Reason for notification a) Occupation/title Person closely related to Niels Martinsen, member of the board of directors b) First notification /change to notification First...
The Board of Directors of IC Group A/S has set the following dates of meetings and announcements for the financial year 2019/20: 26 September 2019 2019 Annual General Meeting to be held 5 November 2019 Announcement of the trading statement for Q1 2019/20 4 February 2020 Announcement of the interim report for Q2 2019/20/ first 6 months of 2019/20 18 May 2020 Announcement of the trading statement for Q3 2019/20/ first 9 months of 2019/20 26 August 2020 Announcement of the Annual Report for 2019/20...
In accordance with Article 19 of Regulation No. 596/2014 on Market Abuse and Implementing Regulation 2016/523, IC Group A/S has reported the following transactions carried out by Friheden Invest A/S. 1. Details of the person discharging managerial responsibilities / person closely associated a) Name Friheden Invest A/S 2. Reason for notification a) Occupation/title Person closely related to Niels Martinsen, member of the board of directors b) First notification /change to notification First...
Friheden Invest A/S has today informed IC Group A/S that Friheden Invest A/S has decided to extend the offer period for Friheden Invest A/S' voluntary takeover offer to the shareholders of IC Group A/S by 14 days. Therefore, the offer period now expires on 2 July 2019 at 23:59 (CET). For further details please see the offer document published on 20 May 2019. The supplement to the offer document from Friheden Invest A/S is attached to this announcement (attachment only in Danish). IC Group A/S...
In accordance with Article 19 of Regulation No. 596/2014 on Market Abuse and Implementing Regulation 2016/523, IC Group A/S has reported the following transactions carried out by Kirk & Thorsen Invest A/S, company controlled by Peter Thorsen. 1. Details of the person discharging managerial responsibilities / person closely associated a) Name Kirk & Thorsen Invest A/S 2. Reason for notification a) Occupation/title Company controlled by Peter Thorsen, Chairman of the Board of IC Group A/S b) First...
Today, the Chairman Peter Thorsen has informed IC Group's Board of Directors that he will not seek re-election at the Company's Ordinary Annual General Meeting in September 2019. At the same time, Peter Thorsen has communicated that Kirk & Thorsen Invest A/S intends to accept the pending offer from Friheden Invest A/S and sell all of its 373,855 shares in IC Group. Peter Thorsen commented; "I was appointed as Chairman of the Board of Directors of IC Group in 2017 in order to head the new...
Cost-cutting measures at Tiger of Sweden As part of the process of executing Tiger of Sweden's strategy, of which the purpose is, among others, to create a more competitive, digitally-oriented and agile brand, a number of cost-cutting measures such as organizational changes and store closures will be initiated. The cost-cutting measures will lead to non-recurring costs for the financial year 2018/19, primarily for severance payments and costs in respect of store closures. The non-recurring costs...
In accordance with Article 19 of Regulation No. 596/2014 on Market Abuse and Implementing Regulation 2016/523, IC Group A/S has reported the following transactions carried out by Conny Kalcher. 1. Details of the person discharging managerial responsibilities / person closely associated a) Name Conny Kalcher 2. Reason for notification a) Occupation/title Member of the Board of IC Group A/S b) First notification /change to notification First notification 3. Further information on the issuer of the...
In accordance with Article 19 of Regulation No. 596/2014 on Market Abuse and Implementing Regulation 2016/523, IC Group A/S has reported the following transactions carried out by Friheden Invest A/S. 1. Details of the person discharging managerial responsibilities / person closely associated a) Name Friheden Invest A/S 2. Reason for notification a) Occupation/title Person closely related to Niels Martinsen, member of the board of directors b) First notification /change to notification First...
In accordance with Article 19 of Regulation No. 596/2014 on Market Abuse and Implementing Regulation 2016/523, IC Group A/S has reported the following transactions carried out by Friheden Invest A/S. 1. Details of the person discharging managerial responsibilities / person closely associated a) Name Friheden Invest A/S 2. Reason for notification a) Occupation/title Person closely related to Niels Martinsen, member of the board of directors b) First notification /change to notification First...
Today, IC Group has been informed by Friheden Invest A/S that Friheden Invest A/S has decided to submit a public, unconditional offer to the shareholders of IC Group in which they offer to buy all shares in IC Group at DKK 39 in cash per share with a nominal value of DKK 10 each. Friheden Invest A/S is ultimately wholly-owned by Niels Martinsen and Emilie Martinsen-Kønigsfeldt. As the offer from Friheden Invest A/S will merely result in a consolidation of the existing control of IC Group, the...
Today, IC Group has been informed by Friheden Invest A/S that Friheden Invest A/S has decided to submit a public, unconditional offer to the shareholders of IC Group in which they offer to buy all shares in IC Group at DKK 39 in cash per share with a nominal value of DKK 10 each. Friheden Invest A/S is ultimately wholly-owned by Niels Martinsen and Emilie Martinsen-Kønigsfeldt. The announcement regarding Friheden Invest A/S' decision to submit an offer is attached to this announcement. IC Group...
Pursuant to section 30 of the Danish Capital Market Act, we hereby announce that IC Group A/S has received information from Nordea Funds Ltd. that it has reduced its shareholdings in IC Group A/S on 16 May 2019 by 1,435,218 shares of DKK 10 each. As a result of this reduction, Nordea Funds Ltd. has no shareholding in IC Group A/S. IC Group A/S Please direct any questions regarding this announcement to: Karin Hjort Jensen Executive assistant to the CEO +45 32 66 75 43 This announcement is a...
In accordance with Article 19 of Regulation No. 596/2014 on Market Abuse and Implementing Regulation 2016/523, IC Group A/S has reported the following transactions carried out by Friheden Invest A/S. 1. Details of the person discharging managerial responsibilities / person closely associated a) Name Friheden Invest A/S 2. Reason for notification a) Occupation/title Person closely related to Niels Martinsen, member of the board of directors b) First notification /change to notification First...
Pursuant to section 30 of the Danish Capital Market Act, we hereby announce that IC Group A/S has received information from Friheden Invest A/S that it has increased its shareholdings in IC Group A/S on 16 May 2019. As a result of this increase, Friheden Invest A/S has a shareholding in IC Group A/S constituting: 11,478,966 shares of DKK 10 each corresponding to a nominal value of DKK 114,789,660 or approx. 75.6% of the total number of shares issued and voting rights. IC Group A/S Please direct...
The management team in Tiger of Sweden is focusing on executing the brand's new strategy including increased digitalisation as well as a strengthening of the brand and distribution control in key markets in the Nordic region which, e.g., has led to a termination of the agency agreements in Norway and Finland. By Malene Birger has, simultaneously with an enhanced cost control, also implemented a significant optimisation of the production area and the organisation in general, which will lead to...
Divestment of the logistics function Today, IC Group A/S has signed an agreement to sell its logistics function to Scan Global Logistics Group with an expected final closing date as at 30 June 2019. Subsequently, Scan Global Logistics Group will provide logistics services to Tiger of Sweden and By Malene Birger. The cashflow effect from the sale including transaction costs is expected to be neutral while the accounting effect is expected to amount to a loss of approx. DKK 20 million which will...