ROCKWOOL A/S Updates on Share Buyback Program Activities
ROCKWOOL A/S has taken a significant step in enhancing shareholder value with its ongoing share buyback program. This initiative, as previously announced, is part of a broader strategy aimed at reinforcing the trust of investors while optimizing capital structure. The program began on 8 February 2024 and is set to continue until 7 February 2025, with the total budget planned for this effort reaching up to 160 million EUR.
Summary of Recent Transactions
Between 9 October and 15 October 2024, ROCKWOOL A/S implemented several transactions as part of this buyback initiative. These transactions reflect the company's commitment to maintaining an efficient capital allocation strategy while responding to market dynamics.
Transaction Breakdown
During the specified period, a total of 6,300 B shares were acquired by ROCKWOOL A/S. Notably, the shares were purchased at varying prices, contributing to the accumulation of shares owned by the company.
Detailed Transaction Records
The transactions conducted during this timeframe are summarized as follows:
- 9 October 2024: 1,300 shares at an average price of 3,059.02 DKK.
- 10 October 2024: 1,300 shares at an average price of 3,072.33 DKK.
- 11 October 2024: 1,300 shares at an average price of 3,083.02 DKK.
- 14 October 2024: 1,200 shares at an average price of 3,102.60 DKK.
- 15 October 2024: 1,200 shares at an average price of 3,141.19 DKK.
As of 15 October 2024, ROCKWOOL A/S has successfully acquired a total of 334,300 B shares, representing approximately 1.80 percent of the company’s total share capital.
Regulatory Framework
The share buyback program is conducted in compliance with the EU Commission Regulation No. 596/2014, alongside the Delegated Regulation No. 2016/1052, which together ensure that the program adheres to the established “Safe Harbour” provisions. This regulatory framework is essential for maintaining compliance while executing share buybacks in a manner that benefits both the company and its shareholders.
Looking Ahead
With the ongoing share buyback program, ROCKWOOL A/S demonstrates its commitment to returning value to shareholders. This proactive approach is a key component of ROCKWOOL's strategic vision for sustainable growth and enhanced shareholder engagement, ensuring that it remains a competitive force in its industry. The management team remains focused on optimizing capital allocation while navigating market challenges effectively.
Contact Information for Further Details
For additional inquiries regarding the share buyback program or other corporate matters, stakeholders 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 buyback program at ROCKWOOL A/S?
The share buyback program aims to enhance shareholder value and optimize the company's capital structure.
How many shares has ROCKWOOL A/S bought back so far?
As of mid-October 2024, ROCKWOOL A/S has acquired a total of 334,300 B shares.
What are the compliance regulations surrounding the buyback program?
The buyback program is in compliance with EU Commission Regulations, ensuring it follows the “Safe Harbour” provisions.
What is the total budget for the ongoing buyback program?
The company plans to spend up to 160 million EUR on the share buyback program.
Who can be contacted for more information on the program?
Inquiries can be directed to Kim Junge Andersen, Senior Vice President and CFO of ROCKWOOL A/S.
