The Board of Directors of IC Companys A/S has decided to initiate the next programme of the previously announced share buyback. The total share buyback is expected to amount to approximately DKK 200 million in the period until 30 June 2007.
The share buyback will be effected within the authorisation given to the Board of Directors at the company's annual general meeting held on 25 October 2006 to acquire own shares up to 10% of the share capital.
The first share buyback programme amounts to DKK 75 million and is expected to be implemented in the period from 22 February 2007 to 23 May 2007. The programme is being implemented in accordance with the provisions of the European Commission's regulation no. 2273/2003 of 22 December 2003 which protects listed companies against violation of insider legislation in connection with share buybacks. The detailed terms of the share buyback are provided below.
IC Companys A/S has appointed Danske Markets (Division of Danske Bank A/S) as lead manager of the programme. Danske Markets will, under a separate agreement with the company, buy back shares on behalf of IC Companys A/S and make decisions in respect of IC Companys A/S shares independently of and without influence from IC Companys A/S as to the timing of the purchases, and will complete the buyback within the mentioned framework of the programme as set out in this announcement.
The purpose of the programme is to reduce IC Companys' share capital. Accordingly, the Board of Directors will, not later than at the company's next annual general meeting, submit a proposal to reduce the share capital by a nominal amount that will, as a minimum, correspond to the nominal value of the share capital bought back under the programme.
marketing@alchempro.com
