ROCKWOOL A/S Provides Update on Share Buy-Back Programme
ROCKWOOL A/S has recently shared news about its ongoing share buy-back programme. This initiative began in early February and is set to run until February next year, allowing the company to buy back shares up to a limit of 160 million EUR.
Overview of the Share Buy-Back Programme
In their previous announcements, the company has detailed that this buy-back programme adheres to European regulations designed to ensure transparency and fairness in the market. Specifically, the programme follows the EU Commission Regulation No 596/2014 and EU Commission Delegated Regulation No 2016/1052, which help uphold the 'Safe Harbour' provisions.
Transaction Activity from 11 to 17 September
Between the 11th and 17th of September, ROCKWOOL A/S conducted multiple transactions as part of this buy-back strategy. Here’s a summary of those transactions:
Transaction Summary
On September 11, the company acquired 1,600 B shares at an average price of 2,813.10 DKK, totaling roughly 4,500,960 DKK. The next day, 1,400 shares were purchased at a price of 2,852.82 DKK, which came to about 3,993,948 DKK. This trend continued with additional transactions on the 13th, 16th, and 17th, increasing their share ownership further.
Current Ownership Statistics
Following these recent transactions, ROCKWOOL A/S now holds a total of 363,583 B shares, which amounts to about 1.68% of the company's total share capital. The total number of shares bought back in this programme has now reached 309,700 B shares, reflecting a strong connection with their investors and an ongoing effort to boost shareholder value.
Concluding Thoughts and Future Outlook
These transactions play a crucial role in demonstrating ROCKWOOL A/S's commitment to its shareholders. They showcase a proactive strategy for managing capital structure. The continuation of the buy-back programme not only highlights the company’s sound financial position but also emphasizes their strategic focus on delivering value to shareholders.
If you have any questions or need more detailed information about the transactions, you can get in touch with Kim Junge Andersen, Senior Vice President and CFO of ROCKWOOL A/S, at +45 46 55 80 15.
Frequently Asked Questions
What is the purpose of the ROCKWOOL A/S share buy-back programme?
The aim of the share buy-back programme is to repurchase shares up to a defined limit, which enhances shareholder value while maintaining a robust capital structure.
How much has ROCKWOOL A/S set aside for the buy-back programme?
ROCKWOOL A/S has allocated a maximum of 160 million EUR for its share repurchase initiative.
When did the buy-back programme start?
The buy-back programme began on 8 February 2024 and will last until 7 February 2025.
How many shares has ROCKWOOL A/S repurchased?
As of the latest update, a total of 309,700 B shares have been repurchased through the programme.
Who can I contact for more details about the buy-back programme?
For more information, you can reach out to Kim Junge Andersen, the Senior Vice President and CFO of ROCKWOOL A/S, at +45 46 55 80 15.
