WELCOME TO THE MEDIA ARCHIVE
Please find below all Forbo media releases listed by year.
Forbo augments current share buyback program with fixed-price repurchase offer
The Board of Directors of Forbo Holding Ltd is offering to repurchase maximum 107,500 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 900 per registered share. Trading on the second trading line has been suspended for the duration of the offer, i.e. from August 19, 2014 to September 1, 2014.
Baar, August 19, 2014
Fixed-price repurchase offer
At the Ordinary General Meeting on April 25, 2014, 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 April 29, 2014 via a second trading line on the SIX Swiss Exchange involving a maximum of 215,000 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 August 19, 2014 to September 1, 2014 (5 pm CET), the Board of Directors is offering to repurchase maximum 107,500 registered shares (5% of the share capital) of Forbo Holding Ltd at a fixed price of CHF 900 per registered share. The fixed price corresponds to the closing share price of Monday, August 18, 2014, plus a premium of 1.9%.
The repurchase advertisement can be down-loaded on our website at www.forbo.com – Investor Relations – Share Information – Share Buybacks – Share Buyback 2014–2017.
Trading on the second trading line suspended during the offer
Trading on the second trading line will be suspended for the duration of the fixed-price repurchase offer.
Forbo is a leading producer of floor coverings, building and construction adhesives, as well as power transmission and conveyor belt solutions. The company employs some 5,100 people and has an international network of 24 production and distribution companies, 6 assembly operations and 40 sales organizations in a total of 36 countries. Net sales in the 2013 business year came to CHF 1,199.7 million. Forbo is headquartered in Baar in the canton of Zug, Switzerland.
Forbo Holding Ltd is listed on SIX Swiss Exchange (security number 354151, ISIN CH0003541510, Bloomberg FORN SW, Reuters FORN.S).
Contact person:
This E. Schneider
Executive Chairman
Phone +41 58 787 25 49
Fax +41 58 787 20 49
www.forbo.com
