ROCKWOOL A/S Shares Updates on Buy-Back Programme
ROCKWOOL A/S has recently made significant progress in its share buy-back programme, which was first announced earlier this year. This initiative commenced on 8 February 2024 and will continue until 7 February 2025. Over this period, the company has committed to repurchasing its shares with a total budget of up to 160 million EUR. This strategic choice underscores ROCKWOOL's dedication to bolstering shareholder value and maintaining a stable capital framework.
Regulatory Framework for the Buy-Back Programme
The implementation of the share buy-back programme follows strict regulatory standards specified by EU Commission Regulation No 596/2014, along with its delegated versions. These regulations ensure that ROCKWOOL A/S's actions remain compliant with EU laws aimed at preserving market integrity. This "Safe Harbour" framework grants companies the ability to buy back shares while also minimizing the risk of market manipulation.
Overview of Recent Transactions
From 4 to 10 September 2024, ROCKWOOL A/S executed several transactions as part of its buy-back programme. During this period, the total number of B shares repurchased was recorded, reflecting the company's proactive stance in fulfilling its share repurchase objectives. Below is a detailed summary of the transactions:
Transaction Summary
- 4 September 2024: Acquired 1,800 B shares at an average price of DKK 2,828.05.
- 5 September 2024: Acquired 1,700 B shares at an average price of DKK 2,791.81.
- 6 September 2024: Acquired 1,800 B shares at an average price of DKK 2,786.78.
- 9 September 2024: Acquired 1,600 B shares at an average price of DKK 2,813.21.
- 10 September 2024: Acquired 1,600 B shares at an average price of DKK 2,805.29.
To date, ROCKWOOL A/S has effectively purchased a total of 302,400 B shares through this buy-back programme, which accounts for roughly 1.65% of its entire share capital.
Looking Forward
As ROCKWOOL A/S moves forward, the company remains dedicated to maintaining its financial stability and pursuing strategic growth goals. The continuing buy-back programme is part of a broader initiative aimed at optimizing capital allocation while simultaneously delivering value to shareholders. Management feels optimistic about the company's future and is committed to increasing shareholder returns throughout the programme's duration.
Contact Information
If you have any questions or need additional information regarding these transactions or the share buy-back programme, please don't hesitate 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 is designed to enhance shareholder value and improve the company's capital structure through share repurchases.
How much is ROCKWOOL A/S planning to spend on share buys?
The company has set aside up to 160 million EUR for the share buy-back initiative.
What regulations govern this buy-back programme?
This programme operates under EU Commission Regulation No 596/2014 and its delegated regulations, ensuring compliance with laws that protect market integrity.
How many shares have been acquired so far?
Currently, ROCKWOOL A/S has repurchased a total of 302,400 B shares as part of the programme.
Who should I contact for more information?
You can reach out to Kim Junge Andersen, the Senior Vice President and CFO, for any inquiries at ROCKWOOL A/S.
