On 20 June 2007 the Board of Directors of Danisco decided to launch a share buyback programme under which Danisco will buy back treasury shares for an amount of up to DKK 500,000,000 in the period from 3 July 2007 to 14 December 2007.
Notice no.38/2007
The programme is structured according to the provisions of the EU Commission's regulation no. 2273/2003 of 22 December 2003, also referred to as the 'safe harbour method'.
Since our Notice no. 12/2007 of 9 July 2007, the following transactions have been made under the programme:
Number of shares
Average purchase price in DKK
Transaction value in DKK
Accumulated at latest Notice
1,087,500
404.44
439,833,810
19 November 2007
26,000
378.51
9,841,260
20 November 2007
17,000
371.16
6,309,720
21 November 2007
15,000
363.91
5,458,605
22 November 2007
15,000
358.86
5,382,900
23 November 2007
-
-
-
Accumulated volume under programme
1,160,500
402.26
466,826,295
With the buyback of shares as stated above, Danisco owns a total of 1,352,077 treasury shares of a nominal value of DKK 20 each, corresponding to 2.76% of the total number of 48,941,495 issued shares.
An amount of DKK 33,175,705 remains to be used under the programme.