ROCKWOOL A/S – Share Buyback Programme Announcement
This is a company announcement from ROCKWOOL A/S, Release no. 47 – 2024, issued to Nasdaq Copenhagen.
ROCKWOOL A/S has launched a share buyback programme that will last for one year, starting from February 8, 2024, and concluding on February 7, 2025. This strategic initiative enables the Company to repurchase its own shares, with a maximum budget of 160 MEUR during this period.
In accordance with European regulations, the programme complies with EU Commission Regulation No 596/2014 and EU Commission Delegated Regulation No 2016/1052. These regulations are intended to create a 'Safe Harbour' for such transactions, ensuring that they meet market standards.
Overview of Recent Transactions
From August 21 to August 27, several significant transactions were carried out as part of this buyback programme. Below are the details of the transactions completed during this period:
- Accumulated transactions before this report: 278,200 B shares were purchased, totaling 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, amounting to 4,966,722 DKK.
- On August 22, 2024, another 1,800 B shares were bought at 2,761.90 DKK, totaling 4,971,420 DKK.
- On August 23, 2024, 1,800 B shares were purchased at 2,790.98 DKK, which came 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.
To date, a total of 286,600 B shares have been accumulated under the buyback programme, with an overall financial commitment of 707,989,217 DKK. Following these transactions, ROCKWOOL A/S holds 340,483 B shares, which is equivalent to 1.57 percent of the Company’s total share capital.
Financial Insights and Future Outlook
The share buyback programme represents a strategic initiative by ROCKWOOL A/S to enhance shareholder value. By reducing the number of outstanding shares, the Company aims to boost earnings per share and return cash to its shareholders. This initiative also reflects the Company’s strong financial position and its commitment to maintaining capital efficiency.
Investors are encouraged to keep an eye on these developments, as they may impact market sentiment and the Company’s stock performance, especially regarding ROCK B (Copenhagen: ROCK B). The buyback programme allows the Company to actively manage its capital structure while reinforcing confidence in its long-term growth prospects.
Contact Information for Inquiries
For more information about the share buyback programme, investors and stakeholders 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 ROCKWOOL A/S’s share buyback programme?
The programme is designed to enhance shareholder value by repurchasing shares, which reduces the overall number of outstanding shares.
What is the maximum budget allocated for the buyback programme?
ROCKWOOL A/S has set a maximum budget of 160 MEUR for the buyback programme.
What percentage of total share capital does ROCKWOOL A/S currently own?
ROCKWOOL A/S currently holds 340,483 B shares, which represents 1.57 percent of its total share capital.
How frequently will ROCKWOOL A/S report buyback transactions?
ROCKWOOL A/S will provide periodic updates on transactions throughout the duration of the share buyback programme.
Who should be contacted for questions regarding the buyback programme?
Inquiries can be directed to Kim Junge Andersen, Senior Vice President and CFO of ROCKWOOL A/S.
