WELCOME TO THE MEDIA ARCHIVE
Please find below all Forbo media releases listed by year.
Forbo completes current share buyback program
Forbo Holding Ltd has in connection with the current share buyback program successfully repurchased 250,000 shares as per October 31, 2012.
Baar, October 31, 2012
Completion of share buyback program 2012 – 2014
Forbo has under the share buyback program approved by the Ordinary General Meeting on April 29, 2011 between April 19, 2012 and October 31, 2012 successfully repurchased a total of 250,000 shares on the second trading line at the SIX Swiss Exchange. This equals 10% of the share capital of Forbo Holding Ltd currently registered in the Commercial Register.
Hence the aforementioned share buyback program has been completed and the Board of Directors of Forbo Holding Ltd will propose the Extraordinary General Meeting to be held on November 5, 2012 the cancellation of the repurchased 250,000 shares and to accordingly reduce the share capital of Forbo Holding Ltd.
Forbo is a leading manufacturer of floor coverings, building and construction adhesives, as well as power transmission and conveyor belt solutions. The company employs a workforce of some 5,000 and has an international network of 24 production facilities and distribution companies as well as about 40 sales organizations in 34 countries across the globe. The company generated net sales of CHF 1,203.8 million in the 2011 financial 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).
Contact person:
This E. Schneider
Delegate of the Board of Directors and CEO
Phone +41 58 787 25 49
Fax +41 58 787 20 49
www.forbo.com
