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Highlights
BofA Securities Europe SA revised its total interest in TCM Group A/S
Adjustment includes both direct shares and financial instruments
Updated stake represents a notable increase in total voting rights
TCM Group A/S, a key player in the Scandinavian kitchen and furniture manufacturing sector, reported a change in its shareholder composition, according to a recent filing in line with section 30 of the Danish Capital Markets Act. The company, listed under FTSE, remains an essential entity in the European furniture manufacturing landscape, producing kitchen and bathroom solutions under several brand names.
Major Shareholder Notification
BofA Securities Europe SA has formally notified TCM Group A/S of a revision in its shareholding structure. The change, effective as of early June, reflects an increased interest in the company’s share capital and associated voting rights. This increase spans both directly held shares and financial instruments falling under section 39(2) of the Danish Capital Markets Act.
Updated Shareholding Composition
Prior to this development, BofA Securities Europe SA maintained a smaller proportion of financial instruments linked to voting rights. Following the adjustment, the aggregate interest—comprising both actual shares and other instruments—now represents a larger proportion of TCM Group A/S's total voting power.
The update means BofA Securities Europe SA now controls an expanded number of voting rights in TCM Group A/S, a company known for its production rooted in Danish craftsmanship. This control extends over both its direct equity position and financial mechanisms that influence shareholder decisions.
Corporate Governance and Notification Process
This shareholder notification falls within regulatory norms under the Danish Capital Markets Act, which requires disclosure of significant changes in ownership. Such transparency ensures the market remains informed of influential shifts within publicly listed companies.
The change was publicly disclosed by TCM Group A/S through its official communication channels and includes verification from its executive leadership. Contact persons include the company’s CEO and CFO, as well as a dedicated investor relations representative.
TCM Group’s Market Position
TCM Group A/S is the third-largest manufacturer in its sector within Scandinavia. Its operations are based in Denmark, with multiple brands under its umbrella, including Svane Køkkenet, Tvis Køkken, Nettoline, and AUBO. Each brand is tailored to different market segments, collectively covering a wide spectrum of pricing and product preferences.
Products are distributed through a network of approximately two hundred dealerships across Denmark and the wider Scandinavian region. TCM Group A/S also supplies private label solutions for DIY outlets and is affiliated with an e-commerce business it partially owns. This business operates under several online retail names, catering to the growing demand for digital furniture solutions.
Brand and Strategic Approach
TCM Group A/S continues to leverage a multi-brand approach, providing value across different segments of the market. The company balances in-store dealership with digital engagement strategies, strengthening its presence both physically and online.
With production centered in Denmark, TCM Group A/S combines traditional quality with evolving consumer preferences. This blend has helped maintain its strong market position and brand recognition across Scandinavia.
For further details, inquiries can be directed to the company’s official contacts, as provided in their announcement.
