ROCKWOOL A/S Announces Share Buy-Back Programme Updates
ROCKWOOL A/S has embarked on an ambitious share buy-back programme, aiming to reinforce shareholder value and stability within the market. As outlined in a previous announcement, this programme commenced on 8 February 2024 and is set to conclude on 7 February 2025. Over this year-long period, the company plans to invest a substantial sum of up to 160 million euros into repurchasing its own shares.
Understanding the Buy-Back Initiative
This initiative is carefully structured to comply with the EU regulations established to ensure market fairness and integrity. Specifically, it adheres to the stipulations of EU Commission Regulation No 596/2014 and its associated guidelines. By promoting transparency and consistency in its operations, ROCKWOOL aims to engage effectively with its investors.
Transaction Overview
During the recent reporting period from 27 November through 3 December, a series of significant transactions occurred under the buy-back programme. The total shares acquired during this timeframe reflects the company's ongoing commitment to enhance shareholder value. As of the most recent announcements, ROCKWOOL A/S has successfully acquired a total of 394,400 B shares since the programme's initiation.
Detailed Transaction Data
The transactions executed during the indicated period include:
- On 27 November, 3,500 B shares were purchased at an average price of 2,664.68 DKK.
- On 28 November, 3,000 B shares were bought with an average purchase price of 2,690.80 DKK.
- On 29 November, 3,100 B shares were acquired at an average cost of 2,600.11 DKK.
- On 2 December, the company added 3,200 B shares at an average price of 2,586.47 DKK.
- On 3 December, ROCKWOOL concluded the week with a purchase of 3,000 B shares, averaging 2,592.15 DKK.
These strategic acquisitions highlight ROCKWOOL A/S's commitment to solidifying its presence and stability in the market.
Current Shareholding Situation
Following these transactions, ROCKWOOL A/S currently holds a total of 448,283 B shares, which equates to approximately 2.07 percent of the company's total share capital. This ownership stake not only exemplifies the company’s proactive approach to managing its equity but also indicates the confidence levels of its management in its long-term performance.
Key Contacts for Further Information
For any inquiries related to the share buy-back programme or additional details about the company’s financial strategies, investors and stakeholders are encouraged to reach out directly:
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 by ROCKWOOL A/S?
The programme aims to increase shareholder value and provide stability in the market.
How much has ROCKWOOL A/S allocated for the share buy-back programme?
The company has committed up to 160 million euros for this initiative.
What percentage of shares does ROCKWOOL A/S own after recent transactions?
ROCKWOOL A/S currently owns approximately 2.07 percent of its total share capital.
When does the share buy-back programme conclude?
The programme is scheduled to run until 7 February 2025.
Who can be contacted for more information about the transactions?
Inquiries can be directed to Kim Junge Andersen, Senior Vice President, CFO at ROCKWOOL A/S.
