ROCKWOOL A/S Launches Share Buy-Back Initiative
In an effort to enhance shareholder value, ROCKWOOL A/S has declared the initiation of a comprehensive share buy-back program. This program, which has been officially announced under release number 64, will span from 8 February 2024 to 7 February 2025, allowing the company to repurchase shares worth up to 160 million euros.
Understanding the Framework of the Buy-Back Program
The share buy-back program is structured in adherence to the regulations established by the EU Commission. Specifically, it complies with EU Commission Regulation No 596/2014 and EU Commission Delegated Regulation No 2016/1052, which together form the “Safe Harbour” framework. This regulatory environment aims to protect companies during the share buy-back process, ensuring a transparent and fair execution.
Recent Transactions Overview
During the week of 20 to 26 November 2024, several transactions were conducted as part of this share buy-back initiative. These transactions reflect the ongoing commitment of ROCKWOOL A/S to return value to its shareholders through strategic share purchases.
Detailed Transaction Data from November 2024
The following summarizes the recent share buy-back transactions:
- Accumulated Total: Up to this point, 369,600 shares have been repurchased from previous communications.
- 20 November 2024: Acquired 1,600 B shares at an average price of DKK 3,007.10, amounting to a total of DKK 4,811,360.
- 21 November 2024: Purchased 1,700 B shares at an average price of DKK 2,983.79, leading to an expenditure of DKK 5,072,443.
- 22 November 2024: Acquired another 1,700 B shares for an average price of DKK 2,984.17, totaling DKK 5,073,089.
- 25 November 2024: 1,800 B shares were purchased at DKK 3,008.08, equating to DKK 5,414,544.
- 26 November 2024: Finally, 2,200 B shares were bought at an average price of DKK 2,941.05, resulting in DKK 6,470,310.
As a result of these transactions, ROCKWOOL A/S now owns a total of 432,483 B shares, which constitutes approximately 2.00% of the company's total capital structure. The buy-back initiative not only signifies the company’s robust financial health but also indicates confidence in its future performance.
Conclusion and Future Directions
Moving forward, ROCKWOOL A/S remains committed to its shareholder value strategies. The ongoing share repurchase program underscores the company's proactive approach in managing its capital and enhancing shareholder returns. Investors are encouraged to stay updated with further announcements as the buy-back program progresses toward its completion in February 2025.
Contact Information
For more details or inquiries, interested parties may contact Kim Junge Andersen, Senior Vice President and CFO of ROCKWOOL A/S, at +45 46 55 80 15.
Frequently Asked Questions
What is the purpose of the share buy-back program?
The primary goal is to enhance shareholder value by reducing the number of shares in circulation and supporting the stock price.
How much is ROCKWOOL A/S planning to spend on the buy-back?
The company plans to repurchase shares valued up to 160 million euros during the program timeline.
When does the buy-back program start and end?
The program commences on 8 February 2024 and will conclude on 7 February 2025.
What are the regulatory guidelines governing this program?
The buy-back operations are conducted according to EU regulations, specifically those meant to provide a 'Safe Harbour' for such activities.
Who can I contact for more information about the program?
For detailed inquiries, you can reach Kim Junge Andersen, Senior Vice President and CFO, at +45 46 55 80 15.
