Share buyback program 2017 – 2020
At the Ordinary General Meeting on April 6, 2017, the Board of Directors of Forbo Holding Ltd was authorized to repurchase own 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.
Based on this authorization, the Board of Directors decided on a share buyback program at a fixed price of CHF 1,430 per registered share of up to a maximum of 90,000 registered shares (5% of the share capital) of Forbo Holding Ltd. The offer period lasts from November 16 to 29, 2017 (5 pm CET). The settlement date of this transaction will be on December 1, 2017.
You will find further information on the official notices regarding the fixed price offer (German and French), which are available as PDF downloads below as well as in the according
Media release of November 15, 2017
Official notice fixed price repurchase offer, November 15, 2017
OFFICIAL NOTICE – GERMAN (PDF)
OFFICIAL NOTICE – FRENCH (PDF)
Within the framework of the fixed-price share buyback, a total of 63,105 registered shares (3.51% of the share capital) were tendered to Forbo.
Media release of November 30, 2017
Continuation of the Forbo share buyback program 2017–2020
The Board of Directors of Forbo Holding Ltd has decided to continue with the current share buyback program 2017–2020 via a second trading line and thus buy back a maximum of 116,895 registered shares (6.49% of the share capital).
The maximum buyback volume per day is 1,356 shares (calculated according to Article 123 Paragraph 1 Litera c Financial Market Infrastructure Ordinance).
You will find further information on the official notices regarding the share buyback (German and French), which are available as PDF downloads below as well as in the according
MEDIA RELEASE OF JUNE 6, 2018
Official notice continuation share buyback program 2017–2020
OFFICIAL NOTICE – GERMAN (PDF)
OFFICIAL NOTICE – FRENCH (PDF)
Transactions during the share buyback program 2017 – 2020
Termination of the share buyback program 2017 - 2020
The Board of Directors has decided to terminate the current 2017 - 2020 share buyback program prematurely and to propose to the Ordinary General Meeting on April 5, 2019 to cancel the 150,000 treasury shares repurchased between November 16, 2017, and March 5, 2019, at a fixed price (63,105 shares) and via a second trading line (86,895 shares). Together, these account for 8.33% of the share capital of Forbo Holding Ltd currently entered on the Commercial Register. It further proposes reducing the capital and amending the Articles of Association accordingly.