ROCKWOOL A/S Completes A to B Share Conversion Successfully
ROCKWOOL A/S Completes A to B Share Conversion Successfully
Today, ROCKWOOL A/S announced the successful completion of converting 37,988 A shares into an equivalent number of B shares, aligning with company regulations. This conversion has been enacted at the request of the holders of these A shares, reinforcing the company's commitment to its shareholders.
The company’s articles of association have been modified to reflect the change in both A and B share capital. However, it is important to note that the overall share capital remains unchanged despite this adjustment. Investors can find the updated articles of association on the company’s official website, providing all necessary details about the shares and their respective rights.
Updated Share Capital Information
In compliance with the Danish Capital Market Act, ROCKWOOL A/S is mandated to disclose the revised totals for both voting rights and share capital following any conversions. After the recent share conversion was completed and registered, the total voting rights and share capital for ROCKWOOL A/S has been officially documented. Here’s a breakdown of the updated share capital:
Class A and Class B Share Capital
Class A share capital is recorded at DKK 98,911,160, corresponding to the same amount in voting rights. In contrast, the Class B share capital stands at DKK 117,295,930, offering 11,729,593 voting rights. This brings the combined total to an impressive DKK 216,207,090 in share capital, with a substantial number of voting rights totaling 110,640,753.
The meticulous updates and changes in share classes underscore ROCKWOOL A/S’s dedication to maintaining transparency with its stakeholders, ensuring that all shareholders are well aware of their rights and the current state of the company’s finances.
Contact Information for Shareholders
For any inquiries or further information regarding this conversion, shareholders and interested parties may contact:
Kim Junge Andersen
Senior Vice President, CFO
ROCKWOOL A/S
+45 46 55 80 15
Conclusion: Navigating Share Conversions
Share conversions, like the one undertaken by ROCKWOOL A/S, are vital for aligning shareholder equity with the evolving strategies of the business. Transitions between share classes can play a significant role in providing liquidity and a diverse structure for investors, facilitating a more inclusive ownership environment.
Furthermore, the completed conversion highlights the robustness of ROCKWOOL A/S, reassuring investors of the company’s stability and commitment to maximizing shareholder value. As the market continues to evolve, such moves support the ambition of ensuring that the interests of all shareholders are balanced effectively.
Frequently Asked Questions
What is the purpose of converting A shares to B shares?
The conversion process allows shareholders to adjust their investment structure and leverage additional benefits associated with different classes of shares.
Will my voting rights change after the conversion?
No, your voting rights will remain the same according to the number of shares you hold post-conversion.
How can I get more information about ROCKWOOL A/S operations?
Investors can access further details about the company’s operations and updates through their official website and press releases.
Who should I contact for investor relations?
You can reach out to Kim Junge Andersen, the Senior Vice President and CFO, for inquiries regarding investor relations.
Is the total share capital of ROCKWOOL A/S affected by this conversion?
No, while the number of shares has been adjusted, the total share capital remains unchanged after the conversion process.
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