ROCKWOOL A/S Announces Share Buy-Back Program Update
ROCKWOOL A/S Initiates Share Buy-Back Program
ROCKWOOL A/S recently shared significant updates regarding its share buy-back program. This initiative, which started on 7 February and will continue until 5 February of the following year, encompasses a substantial investment of up to 150 million Euros aimed at purchasing its own shares.
Understanding the Share Buy-Back Mechanism
With the EU Commission regulations guiding this endeavor, ROCKWOOL is committed to adhering to the 'Safe Harbour' provisions that offer a level of protection on share buyback transactions, ensuring transparency and fairness throughout the process. This program intends to enhance shareholder value and exhibit the company's ongoing confidence in its financial health.
Transactions Summary
During the week of 7 - 11 February, ROCKWOOL successfully executed several transactions that reflect its strategy in action:
- 7 February 2025: The company purchased 2,500 B shares at an average price of 2,773.14 DKK, totaling an investment of 6,932,850 DKK.
- 10 February 2025: An additional 2,500 B shares were acquired for 2,645.80 DKK each, resulting in an expenditure of 6,614,500 DKK.
- 11 February 2025: On the final day of the reported week, 2,300 B shares were bought, bringing the average purchase price to 2,670.93 DKK, accumulating a total cost of 6,143,139 DKK.
Current Shareholding Statistics
The culmination of these purchases under the share buy-back program has resulted in ROCKWOOL A/S owning a total of 521,313 B shares. This proportion represents approximately 2.41% of the company's total share capital, demonstrating a strong commitment to returning value to its shareholders.
Looking Ahead
As the buy-back program continues, stakeholders can anticipate more reports detailing additional transactions as they unfold. This movement not only reflects the company’s strategy to optimize its capital structure but also underlines its dedication to shareholder returns. Investors are encouraged to keep an eye on ROCKWOOL's developments, as further purchases are expected based on market conditions.
Reach Out for More Information
For stakeholders and interested parties, additional details regarding the share buy-back program or its financial impacts can be obtained by contacting:
Kim Junge Andersen
Senior Vice President, CFO
ROCKWOOL A/S
+45 46 55 80 15
Frequently Asked Questions
What is the purpose of ROCKWOOL A/S's share buy-back program?
The share buy-back program aims to enhance shareholder value and demonstrate the company's confidence in its ongoing financial health.
How much is ROCKWOOL A/S planning to spend on share buy-backs?
The company has allocated up to 150 million Euros for its share buy-back program.
What percentage of total share capital does ROCKWOOL A/S currently own?
ROCKWOOL A/S owns approximately 2.41% of its total share capital after recent transactions.
How can I get updates about ROCKWOOL A/S’s future transactions?
Investors can follow announcements directly from ROCKWOOL A/S or keep updated with financial news platforms for insights on future transactions.
Who can I contact for more information regarding ROCKWOOL A/S financials?
For inquiries regarding financial details, Kim Junge Andersen, Senior Vice President and CFO, can be reached at +45 46 55 80 15.
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