April 17, 2008

Monsanto announces three-year share repurchase programme

Monsanto announced Wednesday that its board approved the repurchase of up to US$800 million in shares over a three-year period.

The new repurchase programme will take effect when the current buyback plan is completed, or by October 2009, whichever is earlier.

To date, Monsanto is more than half way through the current plan and has bought back a total of US$429 million in shares.

In addition to repurchasing shares, the company is looking for ways to invest capital to support business growth, including new acquisitions, Terry Crews, chief financial officer of Monsanto, said.