Please find below all Forbo media releases listed by year.
The Board of Directors of Forbo Holding Ltd is offering to repurchase maximum 99,500 of its registered shares (5% of the share capital) at a fixed price as part of the current share buyback program. The fixed price is CHF 1,100 per registered share. Trading on the second trading line has been suspended for the duration of the offer, i.e. from October 6, 2015 to October 19, 2015.
Baar, October 6, 2015
Fixed-price repurchase offer
At the Ordinary General Meeting on April 24, 2015, the Board of Directors of Forbo Holding Ltd was authorized to repurchase own Forbo shares, either through the second trading line on the SIX Swiss Exchange or in another way, up to a maximum of 10% of the share capital over a period of three years for the purpose of a capital reduction.
The Board of Directors launched a share buyback program on September 7, 2015 via a second trading line on the SIX Swiss Exchange involving a maximum of 199,000 registered shares (10% of the share capital) of Forbo Holding Ltd.
The Board of Directors is now taking the opportunity to repurchase part of these shares through a share buyback program at a fixed price. In the period from October 6, 2015 to October 19, 2015 (5 pm CET), the Board of Directors is offering to repurchase maximum 99,500 registered shares (5% of the share capital) of Forbo Holding Ltd at a fixed price of CHF 1,100 per registered share.
The fixed price corresponds to the average closing share price of the last 20 trading days, plus a premium of 1.1%.
The repurchase advertisement can be downloaded on our website at www.forbo.com – Investors – Share information – Share buyback – Share buyback program 2015–2018.
Trading on the second trading line suspended during the offer period
Trading on the second trading line will be suspended for the duration of the fixed-price repurchase offer.
Forbo is a leading manufacturer of floor coverings, building and construction adhesives, as well as power transmission and conveyor belt solutions. The company employs more than 5,200 employees and has an international network of 24 production facilities and distribution companies as well as 42 pure sales organizations in 36 countries across the globe. The company generated net sales of CHF 1,226.8 million in the 2014 business year and is headquartered in Baar in the canton of Zug, Switzerland.
The Group company Forbo Holding Ltd is listed on the SIX Swiss Exchange (securities number 354151, ISIN CH0003541510, Bloomberg FORN SW, Reuters FORN.S).
This E. Schneider
Phone +41 58 787 25 49
Fax +41 58 787 20 49