ROCKWOOL A/S Announces Recent Share Buy-Back Transactions
ROCKWOOL A/S Updates on Share Buy-Back Programme
ROCKWOOL A/S has recently made important strides in its share buy-back programme, initially announced earlier in the year. The initiative started on 8 February 2024 and is set to run until 7 February 2025. Throughout this duration, the company has planned to repurchase its own shares for a total expenditure of up to 160 million EUR. This strategic move reflects the company's commitment to enhancing shareholder value and maintaining a robust capital structure.
Legal Framework of the Buy-Back Programme
The execution of the share buy-back programme adheres to strict regulatory guidelines as outlined by the EU Commission Regulation No 596/2014 and its delegated versions. These regulations ensure that the actions taken by ROCKWOOL A/S are compliant with EU laws designed to protect market integrity. This "Safe Harbour" framework allows companies to buy back their shares while reducing the risk of market manipulation.
Recent Transactions Overview
Between 4 and 10 September 2024, ROCKWOOL A/S carried out several transactions under the buy-back programme. During this timeframe, the total number of B shares repurchased was recorded, with an ongoing accumulation that demonstrates the company's proactive approach towards its share repurchase goals. Here is a detailed summary of the transactions:
Transaction Summary
- 4 September 2024: 1,800 B shares purchased at an average price of DKK 2,828.05.
- 5 September 2024: 1,700 B shares purchased at an average price of DKK 2,791.81.
- 6 September 2024: 1,800 B shares purchased at an average price of DKK 2,786.78.
- 9 September 2024: 1,600 B shares purchased at an average price of DKK 2,813.21.
- 10 September 2024: 1,600 B shares purchased at an average price of DKK 2,805.29.
As of the latest transactions, ROCKWOOL A/S has successfully acquired a total of 302,400 B shares during this buy-back programme, which represents approximately 1.65% of its total share capital.
Future Outlook
Looking ahead, ROCKWOOL A/S remains focused on its financial stability and strategic growth objectives. The ongoing buy-back programme is part of a larger strategy to optimize capital allocation while concurrently creating value for shareholders. Management is optimistic about the company's prospects and is committed to enhancing shareholder returns throughout the duration of the programme.
Contact Information
If you have any inquiries or require additional details regarding these transactions or the share buy-back programme, please feel free to reach out:
Kim Junge Andersen
Senior Vice President, CFO
ROCKWOOL A/S
+45 46 55 80 15
Frequently Asked Questions
What is the purpose of the share buy-back programme?
The programme aims to enhance shareholder value and improve the company's capital structure by repurchasing shares.
How much is ROCKWOOL A/S planning to spend on share buys?
The company plans to allocate up to 160 million EUR for the share buy-back initiative.
What regulations govern this buy-back programme?
The programme operates under EU Commission Regulation No 596/2014 and its delegated regulations, ensuring compliance with market protection laws.
How many shares have been acquired so far?
As of the latest update, ROCKWOOL A/S has repurchased a total of 302,400 B shares under the programme.
Who should I contact for more information?
For inquiries, you can contact Kim Junge Andersen, the Senior Vice President and CFO, at ROCKWOOL A/S.
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