Initiation of share buyback program - Novozymes A/S B shares
On January 20, 2012, Novozymes initiated a share buyback program in accordance with the provisions of European Commission (EC) Regulation No 2273/2003 of 22 December 2003, also referred to as the Safe Harbour Regulation.
20. January 2012
The share buyback program was announced in connection with Novozymes’ first-half results on August 11, 2011. The program covers an amount of up to DKK 2 billion over a 2-year period, starting in 2012.
Under the program Novozymes will buy back B shares for an amount of up to DKK 1 billion in the period from January 20, 2012, to December 31, 2012, corresponding to approximately 6 million B shares at the current share price.
The maximum number of shares to be purchased in the company per daily market session will be equivalent to 25% of the average volume of shares in the company traded on NASDAQ OMX Copenhagen during the preceding 20 business days.
Press and media:
René Tronborg (Europe)
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Paige Donnelly (USA)
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Martin Riise (DK)
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Thomas Bomhoff (USA)
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