Credit Suisse Group AG announces start of share buyback Freitag, 11. Januar 2019 - 07:04
The Board of Directors of Credit Suisse Group AG approved a buyback of Credit Suisse Group AG shares of up to CHF 1.5 billion in 2019. Credit Suisse Group AG expects to buy back shares of at least CHF 1.0 billion until the end of 2019, subject to market and economic conditions.
Credit Suisse Group AG will acquire its own shares on a second trading line on SIX Swiss Exchange subject to deduction of applicable Swiss federal withholding tax. The repurchased shares are expected to be cancelled by means of a capital reduction to be proposed at a future annual general meeting of shareholders.
Detailed information on the share buyback can be found in the buyback notice which is available on https://www.credit-suisse.com/corporate/en/investor-relations/corporate-and-share-information/share-information/share-capital-and-statistics.html.
Credit Suisse AG
Credit Suisse AG is one of the world's leading financial services providers and is part of the Credit Suisse group of companies (referred to here as 'Credit Suisse'). Our strategy builds on Credit Suisse's core strengths: its position as a leading wealth manager, its specialist investment banking capabilities and its strong presence in our home market of Switzerland. We seek to follow a balanced approach to wealth management, aiming to capitalize on both the large pool of wealth within mature markets as well as the significant growth in wealth in Asia Pacific and other emerging markets, while also serving key developed markets with an emphasis on Switzerland. Credit Suisse employs approximately 45‘560 people. The registered shares (CSGN) of Credit Suisse AG's parent company, Credit Suisse Group AG, are listed in Switzerland and, in the form of American Depositary Shares (CS), in New York. Further information about Credit Suisse can be found at www.credit-suisse.com.
Adam Gishen
Global Head of Investor Relations and Corporate Communications
Tel: +41 44 333 71 49
investor.relations@credit-suisse.com
Media Relations
Credit Suisse AG
+41 844 33 88 44
media.relations@credit-suisse.com
Disclaimer
This information does not constitute an issue prospectus as defined in articles 652a and 1156 of the Swiss Code of Obligations. No offer is being made in the United States of America or to U.S. persons. Any related offering materials must not be distributed in or sent to the United States and must not be used for the purpose of solicitation of an offer to purchase or sell any securities in the United States.
This document was produced by and the opinions expressed are those of Credit Suisse as of the date of writing and are subject to change. It has been prepared solely for information purposes and for the use of the recipient. It does not constitute an offer or an invitation by or on behalf of Credit Suisse to any person to buy or sell any security. Any reference to past performance is not necessarily a guide to the future.
Certain information contained in this document constitutes “Forward-Looking Statements”, which can be identified by the use of forward-looking terminology such as “may”, “will”, “should”, “expect”, “anticipate”, “target”, “project”, “estimate”, “intend”, “continue” or “believe”, or the negatives thereof or other variations thereon or comparable terminology. Due to various risks and uncertainties beyond our control, actual events, results or performance may differ materially from those reflected or contemplated in such forward-looking statements. Readers are cautioned not to place undue reliance on such statements. Credit Suisse has no obligation to update any of the forward-looking statements in this document.