Share buy-back 2018

The Board of Directors of IC Group has resolved to initiate a share buy-back programme as part of the distribution of the total net proceeds of DKK 1.75 billion deriving from the divestment of Peak Performance, which was completed on 29 June 2018.

In accordance with the authorization granted at the Annual General Meeting on 27 September 2017, the Board of Directors has decided to initiate a buy-back of up to 1,709,085 shares with a nominal value of DKK 10 each corresponding to 10% of the Company’s total share capital. Based on a share price of DKK 163 (closing price as quoted on Nasdaq Copenhagen on 27 August 2018), the total share buy-back price will amount to DKK 279 million. At present, IC Group holds 449,057 treasury shares.

The share buy-back will be structured as an auction process during the period running from 28 August 2018 until 11 September 2018 offering all shareholders of IC Group an option to sell their IC Group shares back to the Company at an offer price fixed by the Board of Directors. The offer price will be fixed at a level close to the market price based on offers received during the offer period, it being noted that the offer price may not deviate by more than 10% from the closing price on Nasdaq Copenhagen on 11 September 2018.

The full details of the auction process are presented in the below offer document.