SGS Completes Share Buyback Program
SGS SA announces that it has completed its share buyback program started on January 29, 2015.
Under the buyback program, SGS SA repurchased a total of 240,797 registered shares (equivalent to 3.08% of its share capital) for a total amount of approximately CHF 458.3 million, at an average purchase price of CHF 1,903.29 per share.
Registered shares were repurchased on the SIX Swiss Exchange, both on the ordinary trading line and on a second trading line, as follows:
- 52,093 registered shares on the ordinary trading line, for a total amount of CHF 97.7 million
- 188,704 registered shares on the second trading line, for a total amount of CHF 360.6 million
SGS SA intends to request shareholders to approve the cancellation of the 188,704 registered shares purchased on the second trading line at its 2017 Annual General Meeting. The 52,093 registered shares repurchased via the ordinary trading line are to be used for SGS’s employee participation plans and to secure conversion rights of convertible bonds.
For further information, please contact:
Jean-Luc de Buman
Communications & IR
SGS SA, 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 85,000 employees, SGS operates a network of over 1,800 offices and laboratories around the world.