ROCKWOOL A/S Announces Reduction of B Share Capital
ROCKWOOL A/S Announces Share Capital Reduction
In a recent company announcement, ROCKWOOL A/S has made significant strides in optimizing its share capital structure. At their Annual General Meeting, the Company approved a resolution to reduce its B share capital. This decision reflects a strategic move towards enhancing shareholder value.
Details of the Capital Reduction
During the meeting, held on a recent date, shareholders agreed to lower the B share capital from 118,028,700 DKK to 113,427,400 DKK. This reduction was achieved through the cancellation of a portion of the Company's treasury B shares, totaling 4,601,300 DKK. By taking this step, the Company is actively managing its capital allocations.
Completion and Registration
The capital reduction process has been successfully completed and officially registered with the Danish Business Authority. The cancellation involves 4,601,300 B shares, each with a nominal value of 1 DKK. This proactive approach contributes to a leaner capital structure.
Current Share Capital Composition
Post-reduction, ROCKWOOL A/S now has a total share capital of 211,605,790 DKK. This capital is divided into class A share capital amounting to 98,178,390 DKK and class B share capital reflecting the new total of 113,427,400 DKK. The maintained balance between class A and class B shares strengthens the Company's financial positioning.
Impact on Share Buy-Back Program
It's important to note that this capital reduction does not influence the Company's ongoing share buy-back program. That initiative will proceed as originally planned, offering stability to shareholders and enhancing return on investment.
Contact Information
For additional details or inquiries regarding the recent capital reduction, the Company invites stakeholders to reach out to:
Kim Junge Andersen
Senior Vice President, CFO
ROCKWOOL A/S
+45 46 55 80 15
Frequently Asked Questions
What prompted the capital reduction at ROCKWOOL A/S?
The capital reduction was initiated to optimize the Company's capital structure and enhance shareholder value.
How much was the B share capital reduced?
The B share capital was reduced by 4,601,300 DKK, from 118,028,700 DKK to 113,427,400 DKK.
Will this affect the share buy-back program?
No, the capital reduction will not impact the ongoing share buy-back program, which will continue as planned.
What is the current total share capital of ROCKWOOL A/S?
The total share capital of ROCKWOOL A/S is now 211,605,790 DKK.
Who can I contact for more information about the capital reduction?
For inquiries, please contact Kim Junge Andersen, Senior Vice President and CFO of ROCKWOOL A/S, at +45 46 55 80 15.
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