ROCKWOOL A/S: Update on Share Buy-Back Programme
ROCKWOOL A/S, a leader in insulation solutions, is keeping investors informed about its ongoing share buy-back programme initiated earlier this year. This programme is designed to enhance shareholder value and support the company's strategic objectives.
Parameters of the Buy-Back Programme
The share buy-back initiative commenced on 7 February 2025 and is scheduled to continue until 5 February 2026. Under this programme, ROCKWOOL plans to repurchase shares valued at up to 150 million EUR. This significant investment demonstrates the company's confidence in its long-term growth prospects and its commitment to returning value to shareholders.
Regulatory Compliance
ROCKWOOL's buy-back actions are conducted in strict accordance with relevant EU regulations, ensuring compliance with EU Commission Regulation No 596/2014 and EU Commission Delegated Regulation No 2016/1052. These regulations are designed to create a safe environment for buy-backs, safeguarding both the company and its investors.
Recent Transactions Summary
Between 23 and 29 April 2025, a number of transactions were successfully executed as part of the ongoing programme. Here’s a quick overview:
Spotlight on Recent Acquisitions
During this period, the following transactions took place:
Transaction Overview:
- On 23 April, 12,000 B shares were acquired at an average price of 282.82 DKK.
- On 24 April, another 12,000 B shares were purchased at an average of 280.12 DKK.
- On 25 April, the company bought 12,000 shares for an average of 286.69 DKK.
- On 28 April, 10,000 shares were acquired at an average purchase price of 294.20 DKK.
- Finally, on 29 April, an additional 10,000 shares were secured at 295.10 DKK.
In total, these transactions added 52,000 B shares to the company’s treasury, bringing the cumulative total to 952,500 B shares bought back under this programme, representing a significant aggregate amount of 266,447,066 DKK.
Impact on Share Capital
With these acquisitions, ROCKWOOL A/S currently owns 6,172,630 B shares, which equates to 2.85 percent of its entire share capital. This strategic move is expected to not only enhance liquidity but also improve the earnings per share for existing shareholders.
Company's Commitment to Shareholders
The management of ROCKWOOL remains dedicated to maintaining a robust capital structure while also ensuring that shareholders benefit directly from their investment. By executing this buy-back programme, the company aims to instill confidence among its investors, and affirm its long-term objectives.
Conclusion
ROCKWOOL A/S continues to position itself as a dynamic player in the insulation market, with proactive measures such as the ongoing share buy-back to bolster shareholder engagement. The transparency and legislative compliance in their transactions reflect a committed approach in creating value, keeping in mind the interests of its investors.
For further details, interested parties may 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 programme?
The programme aims to enhance shareholder value by repurchasing shares, signaling confidence in the company's future and providing liquidity support.
When did the buy-back programme start?
The share buy-back programme initiated on 7 February 2025 and will run until 5 February 2026.
What is the total amount allocated for the buy-back?
ROCKWOOL A/S has allocated up to 150 million EUR for the share buy-back programme.
How many B shares has ROCKWOOL repurchased so far?
As of the latest update, ROCKWOOL has repurchased 952,500 B shares under this programme.
Who can be contacted for more information about the buy-back programme?
For inquiries, you can contact Kim Junge Andersen, Senior Vice President and CFO of ROCKWOOL A/S.
