February 29, 2008
The previously announced share buyback for 2007/08 has commenced as planned. The total share buyback is expected to amount to approximately DKK 200 million in the period until 30 June 2008.
The share buyback will be effected within the authorisation given to the Board of Directors at the company’s annual general meeting held on 24 October 2007 to acquire own shares up to 10% of the share capital.
The second share buyback programme amount s to DKK 90 million and is expected to be implemented in the period from 29 February 2008 to 15 May 2008.
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 SEB Enskilda as lead manager of the Programme. SEB Enskilda 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.
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