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Please find below all Forbo media releases listed by year.
Forbo completes current share buyback program
In connection with the current share buyback program, Forbo Holding Ltd successfully repurchased 160,000 shares as per April 23, 2015.
Baar, April 23, 2015
Completion of share buyback program 2014 – 2017
Under the share buyback program approved by the Ordinary General Meeting on April 25, 2014, Forbo successfully repurchased a total of 160,000 shares on the second trading line at the SIX Swiss Exchange (91,487 shares) as well as via a fixed-price repurchase offer (68,513 shares) between April 29, 2014 and April 23, 2015. This equals 7.44% of the share capital of Forbo Holding Ltd currently registered in the Commercial Register.
The aforementioned share buyback program will therefore be completed ahead of schedule, and the Board of Directors of Forbo Holding Ltd will propose to the Ordinary General Meeting to be held on April 24, 2015 the cancelation of the repurchased 160,000 shares and a corresponding reduction in 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 more than 5,100 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).
Contact person:
This E. Schneider
Executive Chairman
Phone +41 58 787 25 49
Fax +41 58 787 20 49
