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.