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Please find below all Forbo media releases listed by year.
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).
Baar, June 6, 2018
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.
Within the framework of the share buyback, Forbo purchased 63,105 registered shares (3.51% of the share capital) at a fixed price in November 2017. Therefore, a maximum of 116,895 registered shares (6.49% of the share capital) of Forbo Holding Ltd could still be bought back as part of the current share buyback program.
Based on this information, the Board of Directors has decided to continue with the current share buyback program 2017–2020 via a second trading line.
The official notice for the share buyback features detailed information and is published in German and French on our website at www.forbo.com – Investors – Share information – Share buyback – Share buyback program 2017–2020.
Forbo is a leading producer 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 25 production facilities and distribution companies, 6 assembly centers, as well as 44 pure sales organizations in a total of 36 countries across the globe. The company generated net sales of CHF 1,246.4 million in the 2017 business year. 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
www.forbo.com
