SGS Completes Share Buyback Program
SGS SA announces that it has completed its share buyback program started on May 15, 2017.
Under the buyback program, SGS SA repurchased a total of 105,895 registered shares (equivalent to 1.39% of its current share capital) for a total amount of approximately CHF 249.9 million, at an average purchase price of CHF 2,359.67 per share.
Registered shares were repurchased on SIX Swiss Exchange, both on the ordinary trading line and on a second trading line, as follows:
- 37,895 registered shares on the ordinary trading line, for a total amount of CHF 92.3 million
- 68,000 registered shares on the second trading line, for a total amount of CHF 157.6 million
SGS SA intends to request shareholders to approve the cancellation of the 68,000 registered shares purchased on the second trading line at its 2019 Annual General Meeting. The 37,895 registered shares repurchased via the ordinary trading line are to be used for SGS’s employee participation plans.
For further information, please contact:
Investors: Toby Reeks
t: +41 79 641 83 02
Media: Daniel Rufenacht
Corporate Communications and Sustainability
t: +41 78 656 94 59
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 95,000 employees, SGS operates a network of over 2,400 offices and laboratories around the world.