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Initiation of stock buyback program
On February 1, 2016, Novozymes will initiate a stock buyback program as announced in Company announcement No. 1 of January 19, 2016. Under the program Novozymes will buy back B shares worth up to DKK 2 billion in total during the remainder of 2016, corresponding to around 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.
| Source: Novozymes A/S
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