DENMARK: Danisco announces cancellation of shares and employee warrant programme
Danish ingredients giant Danisco' board of directors will submit two major proposals to its forthcoming Annual General Meeting (AGM). CEO Alf Duch-Pedersen explained that firstly, it will propose the cancellation of 5,022,177 own shares (of a nominal value of DKK100.44m (US$13.24m)) corresponding to 8.6% of the share capital. The shares were purchased at a total acquisition cost of DKK1.43bn corresponding to an average acquisition cost of DKK284.68 per share.
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