Compulsory redemption of minority shareholders and delisting of Danisco A/S – the last trading day of Danisco A/S on NASDAQ OMX Copenhagen will be 16 June 2011.
After having acquired 43,429,678 shares in Danisco A/S, equivalent to 91.1 % of the total share capital and the voting rights in Danisco A/S (92.2 % of the share capital and the voting rights excluding Danisco A/S' holding of 574,067 treasury shares as of 18 May 2011) through the completion of a voluntary, recommended public tender offer submitted on 21 January 2011, DuPont Denmark Holding ApS has notified Danisco A/S today that DuPont Denmark Holding ApS has resolved to initiate a compulsory redemption of the remaining shares in Danisco A/S during the period 19 May 2011 to 16 June 2011 pursuant to sections 70-72 of the Danish Companies Act.
As a result of the decision of a compulsory redemption, DuPont Denmark Holding ApS has resolved to ask Danisco A/S to convene an extraordinary general meeting and at such general meeting to pass a proposed resolution to apply to NASDAQ OMX Copenhagen for deletion of Danisco A/S’ shares from trading and official listing. DuPont Denmark Holding ApS will vote in favour of the proposed resolution, which will consequently be passed, and the last trading day on NASDAQ OMX Copenhagen will be 16 June 2011. Danisco A/S will be delisted from NASDAQ OMX Copenhagen effective 17 June 2011.
Copenhagen, 19 May 2011
DuPont Denmark Holding ApS
This announcement may contain statements relating to future matters or occurrences, including statements on future results, growth or other forecasts on developments and benefits in connection with the combination of DuPont and Danisco. Such statements may generally, but not always, be identified by the use of words such as “anticipates”, “assumes”, “expects”, “plans”, “will”, “intends”, “projects”, “estimates” or similar expressions. Forward-looking statements, by their nature, involve risks and uncertainty as they relate to events and depend on circumstances occurring in the future. There can be no assurance that actual results will not differ, possibly materially, from those expressed or implied by such forward-looking statements due to many factors, many of which are outside of the control of DuPont or Danisco, including the effect of changes in general economic conditions, the level of interest rates, fluctuation in the demand for DuPont or Danisco products, competition, technological developments, employee relations, regulation, foreign currency exchange rates and the potential need for increased capital expenditures (including those resulting from increased demand, new business opportunities and development of new technologies) and failure to achieve the expected benefits of the combination of DuPont and Danisco.