SGS Starts CHF250 Million Share Buyback Program March 12
March 12 2012 - 2:50AM
Dow Jones News
SGS S.A. (SGSN.VX) Monday said it will begin buying back 250
million Swiss francs worth of shares in a program running from
March 12 until December 31, 2014.
MAIN FACTS:
- As announced on January 17, SGS has authorised a new share
buy-back program of up to CHF250 million, respectively of up to
150,000 registered shares of SGS, corresponding to up to 1.92% of
the share capital of SGS.
- SGS intends to use the repurchased shares for its employee
participation plan and/or as underlying of conversion rights of
convertible bonds.
-Zurich Bureau, Dow Jones Newswires, +41 43 443 80 47;
zurichdjnews@dowjones.com
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