ROCKWOOL A/S Highlights Recent Share Buy-Back Activity
ROCKWOOL A/S Recent Share Buy-Back Activity
ROCKWOOL A/S recently shared important updates regarding its ongoing share buy-back initiative. This program aims to enhance shareholder value and is part of the company’s broader financial strategy. The company has set a maximum budget of 160 million EUR for this buy-back program, which began on February 8, 2024, and will continue until February 7, 2025.
Implementation of the Share Buy-Back Program
This initiative complies with the EU legislation designed to protect both investors and shareholders, specifically referencing EU Commission Regulation No 596/2014 and EU Commission Delegated Regulation No 2016/1052, often referred to as the “Safe Harbour” regulation. The company's commitment to following these regulations underscores its dedication to transparency and accountability in its financial dealings.
Transaction Overview from January 8 to 14, 2025
During the week of January 8 to January 14, 2025, ROCKWOOL A/S executed a series of transactions, purchasing a total of 17,500 B shares. This brought the total cumulative amount of acquired B shares to 448,200. Notably, the average prices for these transactions varied slightly but were compliant with market conditions at the time.
Detailed Transaction Data
The transactions for this period are essential for providing shareholders an insight into the execution of the buy-back strategy. For example, on January 8, the company purchased 3,500 B shares at an average price of 2,507.97 DKK, totaling approximately 8,777,895 DKK. Continuing through the week, additional transactions occurred on January 9 through January 14, where each purchase reflected the company's ongoing commitment to its buy-back strategy.
Impact of the Share Buy-Back on Shareholder Value
Following these transactions, ROCKWOOL A/S now holds a significant 502,083 B shares, representing about 2.32 percent of the company’s total share capital. This reduction in available shares can lead to increased demand, potentially enhancing the share price and ultimately benefiting shareholders. The buy-back program serves not only a financial purpose but also reinforces investor confidence in the company’s future direction.
Further Information and Contact
For more detailed insights or specific inquiries related to the buy-back program, shareholders and interested parties can reach out to Kim Junge Andersen, the Senior Vice President and CFO of ROCKWOOL A/S, who can be contacted at +45 46 55 80 15. It’s always beneficial for shareholders to stay updated with the developments related to their investments, especially during a structured buy-back period.
Frequently Asked Questions
What is the purpose of the ROCKWOOL A/S share buy-back program?
The main aim is to enhance shareholder value by reducing the number of shares in circulation and increasing demand.
How much is ROCKWOOL A/S planning to spend on the buy-back?
The company has allocated a maximum budget of 160 million EUR for this share buy-back initiative.
When did the buy-back program start?
The program commenced on February 8, 2024, and is set to run until February 7, 2025.
How many B shares has ROCKWOOL A/S bought back so far?
As of now, a total of 448,200 B shares have been repurchased under the program.
Who can shareholders contact for more information?
Shareholders can contact Kim Junge Andersen, Senior Vice President and CFO, at +45 46 55 80 15 for updates or queries regarding the buy-back program.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
Disclaimer: The content of this article is solely for general informational purposes only; it does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice; the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. The author's interpretation of publicly available data shapes the opinions presented here; as a result, they should not be taken as advice to purchase, sell, or hold any securities mentioned or any other investments. The author does not guarantee the accuracy, completeness, or timeliness of any material, providing it "as is." Information and market conditions may change; past performance is not indicative of future outcomes. If any of the material offered here is inaccurate, please contact us for corrections.
