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Please find below all Forbo media releases listed by year.
Eglisau, May 15, 2001
Forbo has successfully completed the share buyback program through the issuance of put options. 98.9 % of the put options were exercised. With that, Forbo buys back in a first step its own shares amounting to 6.8 % of its share capital in order to reduce its capital.
The share buyback through the issuance of put options, which was initiated on April 30, 2001, was successfully completed. Of the 1,463,010 issued put options 1,447,236 were exercised, corresponding to 98.9 %. Therefore, Forbo will buy back 103,374 of its own registered shares, which corresponds to 6.8 % of its share capital. For this program, the company has allocated CHF 108.5 million.
Forbo issued the put options to its shareholders on April 30, 2001 for free. The trading of the put options lasted until May 14, 2001, with exercise date on the same date. 14 put options gave the holder the right to sell one Forbo registered share for the price of CHF 1,050 (gross).
For the completion of the share buyback program, a second trading line will be opened on the SWX Swiss Exchange within the next few weeks. Altogether, Forbo intends to buy back shares in the amount of up to CHF 200 million, and up to 260,000 registered shares, respectively, (corresponding to a maximum of 17.2% of its share capital) in order to reduce its share capital.
Forbo is a global producer of flooring coverings and industry specialties. It employs around 6,000 people worldwide and has an international network of 28 production companies in 12 countries and 70 marketing organizations in 26 countries.
Head of Corporate Communications
Tel: + 41 1 868 25 69
Fax: + 41 1 868 35 69
Chief Financial Officer
Tel: + 41 1 868 25 25
Fax: + 41 1 868 25 26