Please find below all Forbo media releases listed by year.
The Board of Directors of Forbo Holding Ltd has decided to repurchase up to a maximum of 90,000 of its registered shares (5% of the share capital) at a fixed price of CHF 1,430 per registered share.
Baar, November 15, 2017
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.
The repurchase advertisement can be downloaded on our website at www.forbo.com – Investors – Share information – Share buyback – Share buyback program 2017 – 2020.
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 5,500 people and has an international network of 24 production facilities and distribution companies, 6 assembly centers as well as 45 pure sales organizations in a total of 36 countries across the globe. The company generated net sales of CHF 1,185.5 million in the 2016 business year. Forbo 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