ROCKWOOL A/S Share Buy-Back Programme Insights

ROCKWOOL A/S Launches Strategic Share Buy-Back Programme

In an important announcement, ROCKWOOL A/S has embarked on a share buy-back programme designed to enhance shareholder value and optimize its capital structure. This programme, which commenced on 8 February 2024, is expected to run until 7 February 2025, allowing the company to buy back its own shares up to a total of 160 million EUR.

Understanding the Programme

The decision to implement this buy-back initiative was made as part of ROCKWOOL A/S's ongoing strategy to manage its capital efficiently. Under the auspices of the EU's regulatory framework, specifically the EU Commission Regulation No 596/2014, ROCKWOOL aims to provide support for its share price and provide direct benefits to its shareholders.

Recent Transactions Overview

During the designated period from 13 to 19 November 2024, several notable transactions associated with the buy-back programme took place. These transactions provide a clear picture of how the company is executing its buy-back strategy. For instance, ROCKWOOL A/S purchased a total of 8,400 B shares over these key transaction days, reflecting the company's continued commitment to returning capital to its shareholders.

Transactional Details

From the transactions executed, a consolidated view reveals the specific amounts of shares bought and the average purchase price. The company effectively executed its buy-back operations at various price points, acquiring shares at around 3,114 DKK on the lower end up to about 3,145 DKK, underscoring a strategic approach to purchasing. Throughout the duration of the buyback window, the total number of B shares owned by ROCKWOOL A/S rose to 423,483, thus representing 1.96% of its entire share capital.

Impact on Shareholders

For existing shareholders, this buy-back programme signifies a robust commitment from ROCKWOOL A/S. By reducing the number of shares outstanding, such actions often lead to an increase in earnings per share (EPS), potentially boosting the appeal of the stock. Moreover, the additional liquidity created can help sustain investor confidence during varying market conditions.

Future Strategies and Considerations

Looking ahead, ROCKWOOL A/S is committed to continuing its strategic approaches to capital management. The company remains flexible, ready to adapt its plans based on market conditions and opportunities that may arise. The current buy-back programme aligns with the company's long-term goals of creating sustainable value for investors and stakeholders alike.

Company Contacts for More Information

For further inquiries regarding the share buy-back programme or financial matters, investors can reach out to Kim Junge Andersen, Senior Vice President and CFO at ROCKWOOL A/S, via phone at +45 46 55 80 15. Transparency and open communication are vital components of ROCKWOOL A/S’s interaction with its stakeholders.

Frequently Asked Questions

What is the purpose of the ROCKWOOL A/S buy-back programme?

The buy-back programme aims to enhance shareholder value by optimizing capital structure and supporting share price stability.

How many shares has ROCKWOOL A/S bought back?

As of the latest reports, ROCKWOOL A/S has bought back a total of 369,600 B shares during the buy-back period.

What is the duration of the buy-back programme?

The buy-back programme started on 8 February 2024 and is scheduled to conclude on 7 February 2025.

Who can provide more information about the programme?

Kim Junge Andersen, Senior Vice President and CFO, is the primary contact for inquiries, reachable at +45 46 55 80 15.

How does share buy-back affect shareholders?

Share buy-backs typically lead to an increase in earnings per share (EPS) and can enhance share value by reducing the number of outstanding shares.

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