Danisco A/S today held its Annual General Meeting (AGM) at which the Annual
Report 2006/07 was approved. The AGM adopted the Board of Directors' proposal
to pay dividend of DKK 7.50 per share of DKK 20.
Anders Knutsen, Peter Højland and Matti Vuoria were re-elected to the Board of
Directors.
The AGM adopted the Board of Directors' proposals to delete a secondary name in
Article 1.2 of the Articles of Association, to amend Article 5.3 of the
Articles of Association to the effect that VP Investor Services A/S is
appointed as keeper of the Company's Register of Shares, and to amend Article 8
of the Articles of Association to the effect that going forward the Company's
AGM will be held in the Capital Region of Denmark.
The AGM adopted the Board of Directors' proposal to amend Article 25.1 of the
Articles of Association to the effect that the Company's annual report will be
drawn up in accordance with the provisions of the Danish Financial Statements
Act and the International Financial Reporting Standards (IFRS).
In addition, the AGM adopted the Board of Directors' proposal for overall
guidelines for incentive programmes for the Executive Board. Upon approval of
the guidelines, the AGM adopted the proposal to set up a share option programme
comprising up to 600,000 share options with an exercise price based on the
average market price of five consecutive trading days after the AGM (30 August
to 5 September 2007 - both days included) with a premium of 10%, however, with
a minimum price, calculated at DKK 483, corresponding to the average price of
the five trading days before and the five trading days after 20 June 2007 with
a premium of 10%. The share options may be exercised between 1 September 2010
and 1 September 2013, with the first options being granted on 1 September 2007
at the earliest. The share options will be granted to the Executive Board and
senior managers. The 600,000 share options will be granted to some 150
individuals, with 110,000 being granted to the Executive Board like last year.
The proposal by a shareholder for a demerger of Danisco A/S was not put to the
vote, as the shareholder withdrew his proposal.
The Company's auditor, Deloitte Statsautoriseret Revisionsaktieselskab, was
re-elected.
In addition, the AGM adopted the emoluments of the Board of Directors for the
current financial year, which are unchanged, and renewed the Board of
Directors' authorisation to allow the Company in the period up to next year's
AGM to purchase own shares up to an amount of 10% of the share capital at the
market price prevailing at the time of purchase with a deviation of up to 10%.
The complete wordings of the resolutions appear from the previously published
agenda and the resolutions in full for the AGM.
After the AGM, the Board of Directors appointed Anders Knutsen Chairman of the
Board of Directors and Jørgen Tandrup Deputy Chairman.
Yours faithfully
Tom Knutzen
CEO
