ROCKWOOL A/S has officially announced the continuation of its share buy-back program, which commenced on February 8, 2024, and is set to conclude on February 7, 2025. This strategic initiative allows the company to repurchase its own shares, with a total budget allocated for this purpose reaching up to 160 million euros.
This buy-back program is in compliance with the regulations set forth by the EU Commission, specifically Regulation No. 596/2014 and Delegated Regulation No. 2016/1052, both of which establish the “Safe Harbour” framework for such financial activities.
Recent reports detail the transactions executed between December 4 and December 10, 2024. The following outlines the number of B shares purchased, along with the average purchase prices:
| Date | Number of B Shares | Average Purchase Price (DKK) | Aggregate Amount (DKK) |
|---|---|---|---|
| 4 December 2024 | 2,500 | 2,612.73 | 6,531,825 |
| 5 December 2024 | 2,300 | 2,598.48 | 5,976,504 |
| 6 December 2024 | 2,000 | 2,575.23 | 5,150,460 |
| 9 December 2024 | 2,000 | 2,570.39 | 5,140,780 |
| 10 December 2024 | 2,000 | 2,611.16 | 5,222,320 |
As of the latest update, ROCKWOOL A/S has accumulated a total of 405,200 B shares under this buy-back program, with an overall expenditure amounting to approximately 1,053,880,669 DKK. Consequently, the company now holds a total of 459,083 B shares, which equates to 2.12 percent of its total share capital.
This share repurchase initiative is a strategic move by ROCKWOOL A/S aimed at enhancing shareholder value and demonstrating confidence in the company’s long-term growth prospects. By actively managing its capital structure, ROCKWOOL seeks to optimize its financial position while providing returns to its investors.
For further inquiries regarding the buy-back program, Kim Junge Andersen, Senior Vice President and CFO of ROCKWOOL A/S, is available for contact at +45 46 55 80 15.
Stay informed with the latest developments in the financial markets and corporate strategies by following updates on ROCKWOOL A/S and similar companies engaged in share buy-back activities.
