ROCKWOOL A/S Expands Share Buy-Back Initiative
In a significant move aimed at enhancing shareholder value, ROCKWOOL A/S has declared the initiation of a share buy-back program. This program, which commenced on February 7, 2025, is expected to run until February 5, 2026. The company plans to repurchase its own shares for a total expenditure of up to 150 million euros, marking a strategic commitment to its investors.
The Framework of the Buy-Back Program
The share buy-back initiative adheres to the regulations set forth by EU Commission Regulation No 596/2014 and EU Commission Delegated Regulation No 2016/1052, collectively referred to as the “Safe Harbour” regulation. This regulatory framework is designed to ensure that company buybacks are executed transparently and in compliance with European standards.
Recent Transactions and Their Impact
Between the period of April 16 to April 22, 2025, a series of transactions were executed under this buy-back program. Notably, a total of 27,000 B shares were repurchased during this timeframe:
- April 16, 2025: 13,000 B shares at an average price of 281.09 DKK, totaling 3,654,170 DKK.
- April 22, 2025: 14,000 B shares at an average price of 274.12 DKK, totaling 3,837,680 DKK.
These transactions have brought the overall number of B shares repurchased to 896,500, securing a total ownership of 6,116,630 B shares, equating to 2.83 percent of the total company share capital. This ownership percentage reflects ROCKWOOL A/S's dedication to returning value to its shareholders.
Future Prospects and Shareholder Benefits
By executing this share repurchase program, ROCKWOOL A/S not only reinforces its commitment to its shareholders but also positions itself favorably in the market. As the company continues to navigate challenges and leverage opportunities within its sector, such financial strategies are crucial for maintaining investor confidence.
The buy-back program is widely seen as a proactive measure to bolster the share price and provide liquidity while also underscoring the company's strong financial position. Investors are often reassured by such moves as they reflect a company's belief in its future prospects.
Communication and Transparency
ROCKWOOL A/S is dedicated to keeping its shareholders informed about the progress of this buy-back program. As such, detailed transaction data will be provided to maintain transparency. The company's commitment to open communication reassures stakeholders and fosters a stronger investment community.
For detailed inquiries regarding the share buy-back program or any other matter, shareholders can contact:
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 program?
The purpose is to enhance shareholder value and boost investor confidence by repurchasing shares, which can lead to an increase in share price.
How much is ROCKWOOL A/S planning to spend on the buy-back?
ROCKWOOL A/S plans to spend up to 150 million euros on the share buy-back program.
When did the buy-back program start and when will it end?
The program started on February 7, 2025, and is set to conclude on February 5, 2026.
What percentage of shares does ROCKWOOL A/S currently own after the recent repurchase transactions?
After recent transactions, ROCKWOOL A/S owns 6,116,630 B shares, corresponding to 2.83 percent of the company’s total share capital.
Where can I find more information about the buy-back program?
Shareholders can contact ROCKWOOL A/S's CFO, Kim Junge Andersen, for more information regarding the buy-back program.
