IC Companys announces share buyback programme

03 Jan '08

3 min read

IC Companys has the right to discontinue the buyback during the term of the Programme in the event of material adverse changes in the company's financial position or material changes in the market.

In the event such a decision is made, IC Companys will make an announcement thereof. SEB Enskilda will then no longer be entitled to buy shares on behalf of IC Companys under the Programme in con-sequence of the termination of the Programme.

In addition, the Programme will be implemented under the following framework:
• The maximum aggregate consideration for IC Companys' shares bought back will be DKK 70 million.
• A maximum of 6,612 shares will be bought back during any one single trading day, equal to 25% of the average daily trading volume of IC Companys' shares on the Copenhagen Stock Exchange during the month of December 2007. The maximum number of shares allowed to be bought back under the first Programme is 271.092.
• In transactions undertaken under the Programme, shares will not be bought at prices exceeding the higher of: (i) the share price of the latest independent transaction and (ii) the highest inde-pendent bid (highest buyer's bid) on the Copenhagen Stock Exchange.
• At least once every seven trading days, the company will issue an announcement in respect of transactions made under the Programme.

IC Companys A/S

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