FLSmidth : FLSmidth initiates DKK 521m share buyback

             FLSmidth : FLSmidth initiates DKK 521m share buyback

Company Announcement to the Danish Financial Supervisory Authority No.
09-2013,21 May 2013

On 12 February 2013, the Board of Directors announced its plans to launch a
share buyback programme of up to DKK 521 million. The programme is being
initiated now and will be executed in the period from 21 May 2013 to 30
September 2013.

The buyback programme is being launched in accordance with the authorisation
granted by the shareholders at the Annual General Meeting on 5 April 2013 to
repurchase up to 10% of the Company's share capital in the period until the
next Annual General Meeting.

The buyback programme will be structured in compliance with the "Safe Harbour"
rules of Commission Regulation No. 2273/2003 of 22 December 2003, which
provides protection against violation of insider trading legislation in
connection with buybacks.

The Company has entered into an agreement with Danske Bank A/S ("Danske
Bank"), under which Danske Bank agrees to act as Lead Manager of the buyback
programme. Under the agreement, Danske Bank will purchase shares on behalf of
FLSmidth & Co. A/S ("FLSmidth") and will make its trading decisions
independently of, and without influence by, FLSmidth.

The buyback programme is subject to the following terms:

  oPurchase of shares will be limited to a total amount of DKK 521 million
  oMaximum number of shares that may be bought is 3,000,000 shares of DKK 20
  oExecution of the buyback may take place during the period from 21 May 2013
    to 30 September 2013
  oThe maximum number of FLSmidth shares which may be purchased each day may
    not exceed 25% of the average volume of FLSmidth shares traded on NASDAQ
    OMX Copenhagen during the preceding 20 trading days
  oNo shares may be purchased at a price exceeding the higher of (i) the
    price of the last independent trade and (ii) the highest current
    independent bid on NASDAQ OMX Copenhagen
  oThe intention is to propose to the Annual General Meeting 2014 to write
    down the number of shares in the Company with the number of shares being
    acquired through the share buyback programme

Details of transactions executed under the buyback programme will be publicly
disclosed on not later than at the end of the seventh daily
market session.

Prior to the launch of the share buyback programme FLSmidth holds 1,344,500
treasury shares, equal to 2.5% of the Company's share capital.


Please address any questions regarding this announcement to CFO and Group
Executive Vice President Ben Guren, FLSmidth & Co. A/S at +45 36 18 18 00.

For further information about FLSmidth, please visit

Yours faithfully

Pernille Friis Andersen
Corporate Communications & Investor Relations

Link to PDF version


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(ii) they are solely responsible for the content, accuracy and originality of
information contained therein.

Source: FLSmidth via Thomson Reuters ONE
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