PubliGroupe concludes reduction of share capital via cancellation of treasury shares from share buyback programme Montag, 15. Juli 2013 - 07:30
News release
PubliGroupe concludes reduction of share capital via cancellation of treasury shares from share buyback programme
Lausanne, 15 July 2013 – The cancellation of the 167,211 treasury shares acquired through the share buyback programme was carried out on 11 July 2013. The share capital of PubliGroupe AG now comes to CHF 2,339,848, divided into 2,339,848 fully paid registered shares with a nominal value of CHF 1 each.
On 30 April 2013, the Ordinary General Meeting of PubliGroupe accepted the proposal of the Board of Directors to reduce capital through cancellation of repurchased shares. The cancellation of the treasury shares obtained through the share buyback programme was effected on 11 July 2013, after the legal requirements had been fulfilled.
In January 2013, PubliGroupe initiated a share buyback programme of up to CHF 25 million, which was successfully concluded on 22 March 2013. 167,211 shares were repurchased on a second trading line, which corresponded to 6.67% of share capital prior to reduction.
