As previously informed the IC Companys A/S Board of Directors has resolved to initiate a share buyback program. Under the program IC Companys A/S will buy own shares for an amount of up to DKK 75 million until May 23, 2007, cf. stock exchange announcement no. 10 of February 22, 2007.
During any one single trading day a maximum of 24,072 shares (ISIN code DK0010221803) will be bought back, as the share buyback program is implemented in accordance with the provisions of the European Commission's regulation no. 2273/2003 of December 22, 2003.
At least once every seven trading days, IC Companys A/S will issue an announcement in respect of the transactions made under the program.
The company designs and sells a strong product portfolio of clothing targeting quality-conscious women and men all over the world under the brands of Peak Performance, InWear, Jackpot, Tiger of Sweden, Cottonfield, Matinique, Part Two, Saint Tropez, By Malene Birger, Soaked in Luxury and Designers Remix Collection.