Initiation of stock buyback program

On February 2, 2015, Novozymes will initiate a stock buyback program as announced in Company announcement No. 1 of January 20, 2015. Under the program Novozymes will buy back B shares worth up to DKK 2 billion in total during the remainder of 2015, corresponding to around 6.7 million B shares at the current share price. The program is contingent upon no major strategic initiatives being decided upon that will require a significant amount of capital, for example a major acquisition.

January 29, 2015 08:36 ET  | Source: Novonesis (Novozymes A/S) Novonesis (Novozymes A/S)