Acting on its authorization to acquire up to 10% of its shares the H. Lundbeck Supervisory Board has resolved to initiate a share buyback program. Under the program H. Lundbeck will buy own shares for an amount of up to DKK 6 billion until end of 2007, cf. stock exchange announcement number 166 on 17th August 2005.
During any one single trading day a maximum of 25% of the average daily trading volume of Lundbeck shares on the Copenhagen Stock Exchange, calculated over 20 days prior to each trading date, will be bought back, as the share buyback program is implemented in accordance with the provisions of the European Commission's regulation no. 2273/2003 of December 22, 2003.
At least once every seven trading days, Lundbeck will issue an announcement in respect of the transactions made under the program.
The following transactions have been made under the program:
No. of shares Average Transaction value purchase price (DKK) (DKK) Accumulated, last 16,584,471 134.2429 2,226,346,750 announcement 15 September 2006 67,889 131.0706 8,898,255 18 September 2006 - - - 19 September 2006 84,861 130.1431 11,044,076 20 September 2006 16,293 129.8778 2,116,099 21 September 2006 - - - 22 September 2006 67,889 130.7433 8,876,034 25 September 2006 - - - Accumulated under the 16,821,403 134.1910 2,257,281,213 program
Following the above buyback Lundbeck owns a total of 3,532,260 own shares at a nominal value of DKK 5, equal to 1.67% of the total number of 211,888,750 shares.
The content of this release will have no influence on the Lundbeck Group's financial result for 2006.
Steen Juul Jensen Vice President +45 36 43 30 06
Mads Bjerregaard Pedersen Caroline Broge Investor Relations Officer Media Relations Manager +45 36 43 41 04 +45 36 43 26 38
Jacob Tolstrup Investor Relations Manager, North America +1 201 350 0187
About Lundbeck H. Lundbeck A/S is an international pharmaceutical company engaged in the research and development, production, marketing and sale of drugs for the treatment of psychiatric and neurological disorders. In 2005, the company's revenue was DKK 9.1 billion (approximately EUR 1.2 billion or USD 1.5 billion). The number of employees is approximately 5,000 globally. For further information, please visit www.lundbeck.com
Viðskiptablaðið er 25 ára og af því tilefni býðst nýjum áskrifendum að kaupa áskrift á 50% afslætti.
Afmælisverðið er aðeins 2.500 krónur.
Tilboðið er fyrir nýja áskrifendur. Núverandi áskrifendur geta bætt við sig áskrift á þessu verði. Gildir í 4 mánuði. Áskrifendur fá Viðskiptablaðið, Frjálsa verslun og Fiskifréttir sent ásamt vefaðgangi að vb.is og fiskifrettir.is