SGS Starts New Share Buy-Back Program
As announced on January 17, 2012, the Board of Directors of SGS has authorised a new share buy-back program of up to CHF 250 million respectively of up to 150,000 registered shares of SGS (corresponding to up to 1.92% of the share capital of SGS). The share buy-back will start as from March 12, 2012 and will continue until December 31, 2014 at the latest.
SGS intends to use the repurchased shares for its employee participation plan and/or as underlying of conversion rights of convertible bonds.
For further information, please contact:
Jean-Luc de Buman
Communications & IR
1 place des Alpes
CH - 1211 Geneva 1
t: (+41-22) 739 91 11
f: (+41-22) 739 92 00
SGS is the world’s leading inspection, verification, testing and certification company. SGS is recognized as the global benchmark for quality and integrity. With more than 70,000 employees, SGS operates a network of over 1,350 offices and laboratories around the world.