In 2002/03 Danisco set up a warrant programme covering more than 6,300 of
Danisco's employees. In the eighth and final exercise period from 20 June 2007
to 18 July 2007 around 6% of the employees decided to exercise their warrants,
bringing the total percentage of employees who have exercised their warrants to
99%. The majority chose the option of cash settlement while a small number
chose to subscribe for new shares.
At the due date for payment on 1 August 2007, the employees had subscribed and
paid for 9,675 shares at a price of DKK 299 in accordance with the warrant
programme, and on 2 August 2007 Danisco effected a capital increase of 9,675
shares of DKK 20 nominal value, equivalent to a nominal capital increase of DKK
193,500. The share capital is increased from DKK 978,636,400 (corresponding to
48,931,820 shares of DKK 20 nominal value) to DKK 978,829,900 (corresponding to
48,941,495 shares of DKK 20 nominal value).
Yours faithfully
Tom Knutzen
CEO
