ROCKWOOL A/S Completes Share Conversion and Updates Rights
ROCKWOOL A/S Completes Share Conversion
ROCKWOOL A/S proudly announces the completion of its strategic process by converting 24,513 A shares into an equal number of B shares. Each B share holds a nominal value of DKK 10, and this conversion aligns perfectly with the company's established articles of association, demonstrating a commitment to shareholder engagement and flexibility.
Understanding the Conversion Process
The conversion process was initiated at the request of A shareholders, showcasing the company's responsiveness to the needs and interests of its investors. This adjustment indicates a dynamic approach in managing its share structure, ultimately enhancing shareholder value and fostering a more adaptable capital structure.
Updated Articles of Association and Share Capital
With this conversion finalized, ROCKWOOL A/S has amended its articles of association to reflect the new balance in A and B share capital. However, it is notable that the overall share capital of the company remains unaffected by this conversion, maintaining a steady base for future growth and investment opportunities.
Current Voting Rights and Share Capital Breakdown
Per regulations set forth in the Danish Capital Market Act, ROCKWOOL A/S is obligated to disclose the total number of voting rights and capital size following significant changes like this conversion. After registering this transaction, the updated figures are substantial:
Share Capital Summary
1. **Class A Share Capital**: The capital for Class A shares stands at DKK 98,666,030, which corresponds directly to the voting rights for A share investors.
2. **Class B Share Capital**: Following conversion, Class B shares now account for DKK 117,541,060 in capital, with voting rights totaling 11,754,106.
3. **Total Overview**: Altogether, ROCKWOOL A/S now has a total share capital of DKK 216,207,090, providing a solid foundation for its ongoing operations and strategic initiatives.
Future Outlook for ROCKWOOL A/S
This restructuring is more than just a sharing of titles; it reflects ROCKWOOL A/S's determination to progress and adapt amidst changing market conditions. Investors can expect the benefits of this conversion to unfold as the company seeks further opportunities for development and enhancement of its shareholder engagement.
For any inquiries related to this conversion or other operational matters, interested parties can contact:
**Kim Junge Andersen**
Senior Vice President, CFO
ROCKWOOL A/S
+45 46 55 80 15
Frequently Asked Questions
What was the main purpose of the share conversion?
The share conversion aimed to allow A shareholders to convert their shares into B shares, enhancing share flexibility and aligning shareholder interests.
What are the new voting rights after the conversion?
After the conversion, ROCKWOOL A/S has 110,420,136 total voting rights reflecting the adjusted share capital structure.
Do the company's total share capital figures change with the conversion?
No, the total share capital remains unchanged at DKK 216,207,090 despite the conversion of A shares to B shares.
Who can I contact for more information regarding these changes?
For further inquiries, you can reach Kim Junge Andersen, Senior Vice President and CFO of ROCKWOOL A/S.
How does this conversion benefit shareholders?
By offering a streamlined share structure, the conversion helps boost shareholder engagement and reflects the company's responsiveness to investor needs.
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