ROCKWOOL A/S Reports on Share Buy-Back Programme Progress
Company announcement for ROCKWOOL A/S
As previously noted, ROCKWOOL A/S has begun a share buy-back programme aimed at acquiring its own shares, which commenced on 8 February and will run until 7 February next year. This initiative allows the company to repurchase shares worth up to a maximum of 160 million euros.
Understanding the Share Buy-Back Strategy
The buy-back programme adheres to the regulations set forth by the EU Commission to ensure compliance with market standards and to protect investor interests. This regulatory framework, known as the "Safe Harbour" regulation, offers companies leeway in repurchasing their shares under specific guidelines.
Recent Transactions Summary
This week, ROCKWOOL A/S executed several transactions between 11 and 17 December. Below, we provide a detailed breakdown of the recent share buy-back activity:
Transaction Overview:
The company recently reported that they accumulated a total of 415,200 B shares during the ongoing programme, reflecting strong enthusiasm for the initiative. The transactions for the week showed varied volumes and average purchase prices:
- **Total B shares acquired:** 415,200
- **Total funds allocated for acquisition:** Approximately 1,079,916,103 DKK
Specifically, during the stated week:
- **11 December**: 2,000 shares at an average price of 2,587.59 DKK per share.
- **12 December**: 2,100 shares with an average price of 2,620.36 DKK per share.
- **13 December**: 2,000 shares at an average price of 2,619.57 DKK per share.
- **16 December**: 1,800 shares acquired at 2,604.45 DKK per share.
- **17 December**: 2,100 shares at 2,585.88 DKK per share.
Investment Implications
This active buying of their own shares suggests that ROCKWOOL A/S is confident in its long-term financial health and recognizes the value of investing in itself during market fluctuations. By owning 469,083 B shares, which represents around 2.17% of its total share capital, the company demonstrates its commitment to maximising shareholder value and strategically managing its resources.
Looking Ahead
The next company announcement about transactions under the share buy-back programme is set for release on 3 January. Following this report, regular updates will continue weekly, starting with 8 January. This ongoing transparency is crucial for keeping shareholders informed and engaged throughout this programme.
Company Contact Information
For further inquiries about the share buy-back programme or other financial information, please 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 share buy-back programme allows ROCKWOOL A/S to repurchase its own shares to enhance shareholder value and signal confidence in its business strategy.
How much has ROCKWOOL A/S allocated for the buy-back programme?
The company has set aside up to 160 million euros specifically for this share buy-back initiative.
When will the next update on the buy-back programme be released?
The next update regarding the transactions will occur on 3 January.
How many B shares does ROCKWOOL A/S currently hold?
Currently, ROCKWOOL A/S owns a total of 469,083 B shares in circulation, representing 2.17% of its total capital.
Who can I contact for more information about the company's financial activities?
You can reach out to Kim Junge Andersen, Senior Vice President and CFO of ROCKWOOL A/S, for inquiries regarding the company's financial activities.
