Gränichen/Switzerland, 7 November 2016 – The Zehnder Group has successfully completed its public share repurchase. The maximum of 250,000 registered shares A will be repurchased
Gränichen/Switzerland, 7 November 2016 – The Zehnder Group has successfully completed its public share repurchase. The maximum of 250,000 registered shares A will be repurchased.
On 20 October 2016, the Zehnder Group announced a further public share repurchase of up to 250,000 listed registered shares A (2.13% of the share capital or 1.27% of the voting rights). A total of 456,469 registered shares A were tendered, resulting in a proportional reduction of the offers. The repurchase price is to be paid with value date 8 November 2016. Following the closing of the fixed-price repurchase offer, the Zehnder Group will hold a total of 279,302 registered shares A. This corresponds to 2.38% of the outstanding share capital and 1.42% of the voting rights. The repurchased registered shares A will be used for future employee participation programmes and acquisitions. The Zehnder Group last bought back 220,000 registered shares A with a public share repurchase in October 2015. The majority of these were used for the acquisition of the Canadian company dPoint Technologies Inc. in December 2015.
Next dates to note
Announcement of sales for 2016: 13 January 2017
Annual results 2016 and Media/Analyst Conference: 3 March 2017
Annual General Meeting 2017: 6 April 2017