ROCKWOOL A/S Share Buy-Back Programme Overview
In a significant move, ROCKWOOL A/S has embarked on a comprehensive share buy-back programme. This initiative is designed to bolster shareholder value by acquiring B shares, with plans set in motion earlier this year.
Details of the Buy-Back Programme
The programme commenced on 7 February and is slated to continue until 5 February of the following year. The maximum financial commitment for this share buy-back initiative stands at 150 million Euros, as announced previously.
Compliance with Regulations
This buy-back strategy is aligned with EU regulations, specifically the EU Commission Regulation No 596/2014 and the Delegated Regulation No 2016/1052, ensuring adherence to the established “Safe Harbour” provisions. This compliance guarantees a structured approach to repurchasing shares without significantly impacting the market.
Transaction Insights
During the recent reporting period from 12 to 18 November, ROCKWOOL A/S has reported purchasing activities reflecting a steady commitment to its buy-back goals. As of this period, the overall share repurchased totaled 3,663,500 B shares, further accumulating to 971 million DKK in investments made via this programme.
Transaction Details
The recent transactions spanned several key dates, with notable purchases including:
- On 12 November, 25,000 shares were bought at an average price of 208.19 DKK.
- Further shares were procured on the 13th and 14th, reflecting the company's strategy to incrementally build its holdings.
- By the end of the reporting period, ROCKWOOL A/S successfully acquired an additional 25,000 shares on 18 November for 199.85 DKK each.
Current Ownership Status
With these transactions, ROCKWOOL A/S now holds a total of 4,110,356 B shares, which constitutes roughly 1.94 percent of its total share capital. This position underscores the company’s dedication to enhancing overall shareholder value through strategic buy-backs.
Contact Information
For more detailed inquiries, the financial team remains available:
Kim Junge Andersen
Senior Vice President, CFO
ROCKWOOL A/S
+45 46 55 80 15
Frequently Asked Questions
What is the purpose of the ROCKWOOL A/S share buy-back programme?
The programme is designed to enhance shareholder value by repurchasing shares from the market.
How much is ROCKWOOL A/S planning to spend on the buy-back?
They have allocated a maximum of 150 million Euros for the share buy-back initiative.
What regulations govern the share buy-back programme?
The buy-back is governed by EU Commission Regulations ensuring a structured approach.
How many shares have been repurchased to date?
As of the latest report, a total of 3,663,500 B shares have been repurchased.
Who can I contact for more information about the buy-back programme?
You can reach out to Kim Junge Andersen, CFO at ROCKWOOL A/S, for detailed inquiries.
