ROCKWOOL A/S Updates on Share Buy-Back Programme Progress
ROCKWOOL A/S Updates on Share Buy-Back Programme
In a recent company announcement, ROCKWOOL A/S has provided an update regarding their ongoing share buy-back programme. The initiative, which started in early February, is set to continue until February of next year, allowing the company to repurchase shares up to a capped amount of 160 million EUR.
Details of the Share Buy-Back Programme
As outlined in previous communications, the framework of this buy-back programme complies with European regulations aimed at maintaining transparency and fairness in the market. Specifically, this is guided by EU Commission Regulation No 596/2014 and EU Commission Delegated Regulation No 2016/1052, ensuring adherence to the 'Safe Harbour' provisions.
Transaction Activity from 11 to 17 September
During the specific period of 11 to 17 September, ROCKWOOL A/S executed several transactions as part of its buy-back strategy. Here's a summary of the transactions:
Transaction Summary
On the 11th of September, the company purchased 1,600 B shares at an average price of 2,813.10 DKK, totaling approximately 4,500,960 DKK. The following day, 1,400 shares were bought at a price of 2,852.82 DKK, amounting to around 3,993,948 DKK. Continuing this pattern, transactions on the 13th, 16th, and 17th further boosted their share ownership.
Ongoing Ownership Statistics
After these recent purchases, ROCKWOOL A/S now owns a total of 363,583 B shares, which represents approximately 1.68% of the company's overall share capital. The accumulating total of shares under this buy-back programme has now reached 309,700 B shares, reflecting strong engagement with their investors and an intention to enhance shareholder value.
Conclusion and Future Prospects
These transactions are instrumental in reinforcing ROCKWOOL A/S's commitment to its shareholders, demonstrating a proactive approach towards managing its capital structure. The continuation of the buy-back programme not only underlines the company’s financial health but also their strategic focus on returning value to shareholders.
For further inquiries or detailed transaction data, interested parties can reach out to Kim Junge Andersen, Senior Vice President and CFO of ROCKWOOL A/S. They can be contacted at +45 46 55 80 15 for any additional information.
Frequently Asked Questions
What is the purpose of the ROCKWOOL A/S share buy-back programme?
The share buy-back programme aims to repurchase shares up to a specified amount, enhancing shareholder value and maintaining a strong capital structure.
How much has ROCKWOOL A/S allocated for the buy-back programme?
ROCKWOOL A/S has set a maximum budget of 160 million EUR for the share repurchase initiative.
When did the buy-back programme begin?
The programme commenced on 8 February 2024 and will continue until 7 February 2025.
How many shares has ROCKWOOL A/S bought back?
As of the latest update, a total of 309,700 B shares have been repurchased under the programme.
Who can I contact for more information about the buy-back programme?
For additional details, you can contact Kim Junge Andersen, Senior Vice President and CFO of ROCKWOOL A/S, at +45 46 55 80 15.
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