ROCKWOOL A/S – Transactions Related to Share Buyback Programme
Company announcement for ROCKWOOL A/S. Release no. 47 – 2024 to Nasdaq Copenhagen.
ROCKWOOL A/S has initiated a share buy-back programme which will span one year, running from February 8, 2024, to February 7, 2025. This strategic initiative allows the Company to repurchase its own shares up to a maximum allocation of 160 MEUR during this timeframe.
In alignment with European regulations, the programme adheres to EU Commission Regulation No 596/2014 and EU Commission Delegated Regulation No 2016/1052. These regulations are designed to provide a 'Safe Harbour' for such transactions, ensuring compliance with market standards.
Recent Transactions Overview
During the period from August 21 to August 27, significant transactions were executed as part of this buy-back programme. The following details highlight the transactions completed within this timeframe:
- Accumulated transactions prior to this report: 278,200 B shares purchased, amounting to an aggregate of 684,497,161 DKK.
- Transactions by date:
- On August 21, 2024, 1,800 B shares were acquired at an average price of 2,759.29 DKK, totaling 4,966,722 DKK.
- On August 22, 2024, another 1,800 B shares were purchased at 2,761.90 DKK, aggregating to 4,971,420 DKK.
- On August 23, 2024, 1,800 B shares were bought at 2,790.98 DKK, which amounted to 5,023,764 DKK.
- On August 26, 2024, the Company acquired 1,600 B shares at an average price of 2,825.37 DKK, totaling 4,520,592 DKK.
- On August 27, 2024, 1,400 B shares were bought at 2,863.97 DKK, amounting to 4,009,558 DKK.
As of now, a total of 286,600 B shares have been accumulated under the buy-back programme, with an overall financial commitment of 707,989,217 DKK. Following these transactions, ROCKWOOL A/S maintains ownership of 340,483 B shares, equivalent to 1.57 percent of the Company’s entire share capital.
Financial Insights and Future Prospects
The share buy-back programme represents a strategic move by ROCKWOOL A/S to enhance shareholder value. By reducing the number of outstanding shares, the Company aims to increase earnings per share and return cash to its shareholders. This initiative also reflects the Company’s healthy financial position and commitment to maintaining capital efficiency.
Investors are encouraged to monitor these developments as they may influence market sentiment and the Company’s stock performance, particularly regarding ROCK B (Copenhagen: ROCK B). The buyback programme allows the Company to actively manage its capital structure while reasserting confidence in its long-term growth prospects.
Contact Information for Inquiries
For further information regarding the share buy-back programme, investors and stakeholders can reach out to:
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 programme?
The programme aims to enhance shareholder value by repurchasing shares, thereby reducing the total number of outstanding shares.
How much is the maximum amount allocated for the buy-back programme?
ROCKWOOL A/S has allocated up to a maximum of 160 MEUR for the buy-back programme.
What percentage of total share capital does ROCKWOOL A/S now own?
ROCKWOOL A/S currently owns 340,483 B shares, representing 1.57 percent of its total share capital.
How often will ROCKWOOL A/S report buy-back transactions?
ROCKWOOL A/S will report transactions periodically throughout the duration of the share buy-back programme.
Who should be contacted for inquiries regarding the buy-back programme?
Inquiries can be directed to Kim Junge Andersen, Senior Vice President and CFO of ROCKWOOL A/S.
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