HUBER+SUHNER AG starts share buyback programme
Ad hoc announcement pursuant to Art. 53 LR
Buyback of up to 5 % of registered shares – Strategic room for manoeuvre remains guaranteed
The share buyback programme announced by HUBER+SUHNER AG on 21 October 2021 will commence on 29 October 2021. Over a maximum period of three years, up to 5 % of the registered shares will be repurchased via a second trading line on the SIX Swiss Exchange for the purpose of capital reduction. This corresponds to 1,010,000 registered shares, the cancellation of which will be proposed by the Board of Directors at one or several upcoming Annual General Meetings. This will allow a sustainable compression of earnings per share.
In view of the high liquidity and the strong balance sheet, the strategic room for manoeuvre for future investments and acquisitions remains guaranteed.
HUBER+SUHNER AG entrusted Zürcher Kantonalbank with the execution of the share buyback programme. Detailed information can be found in the official advertisement and under
https://www.hubersuhner.com/en/company/investors/share-information
This media release can be found at
https://www.hubersuhner.com/en/company/media/ad-hoc-news and is also available in German. The German version is binding.
20211028_hs_mr_start share buyback_en.pdf
HUBER+SUHNER AG
Patrick G. Köppe
Head Corporate Communications
Tumbelenstrasse 20
8330 Pfäffikon ZH
Switzerland
+41 44 952 25 60
pressoffice@hubersuhner.com
hubersuhner.com