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Period of SIG's share buyback program expired Period of SIG’s share buyback program expired The period for SIG’s share buyback program of up to CHF 100 million, launched on 16 January 2006, has expired on 20 February 2007. Due to the ongoing takeover process the share buyback had to be put on hold already by the end of September 2006. As a consequence the targeted share buyback amount of up to CHF 100 million could not be realised. During the course of the share buyback program SIG bought back 178’100 registered shares, with a par value of CHF 6.— each, for the aggregate amount of CHF 50'364’525 CHF, corresponding 2.74 % of the outstanding share capital. The average price of the shares bought back was CHF 282.79 for each registered share. The share buyback was performed by way of a second trading line that has been installed on SWX Swiss Exchange for the purpose of the share buyback only. Upon launch of the program it was expected to ask the annual general meeting of shareholders in 2007 for cancellation of the shares bought back. In the light of the ongoing takeover process the Board of Directors of SIG reserves the right not to propose such motion to the annual general meeting 2007.  Download Media Release 070221 (PDF, 24kB) For further details, please contact: SIG Holding AG, CH-8212 Neuhausen am Rheinfall/Switzerland Corporate Communications/Investor Relations: Thomas Werder, Tel.: +41 (0)52 674 63 06 Fax: +41 (0)52 674 65 56 E-Mail: thomas.werder@sig.biz SIG is a global provider of packaging solutions.Its product range includes the manufacture of cartons for beverages and food products, as well as machinery for the aseptic and non-aseptic filling of packages (SIG Combibloc division). In the PET sector, equipment for the production, coating and filling of plastic bottles completes the product spectrum (SIG Beverages division). In 2006, the approximately 4,675 employees generated annual net sales (continuing business) of EUR 1,349 billion. The company has its registered office in Neuhausen am Rheinfall ( Switzerland) and the SIG share is listed on the Swiss Exchange SWX (SIGN, security no. 1202249). Cautionary statement regarding forward-looking statements This communication contains statements that constitute "forward-looking statements". In this communication, such forward-looking statements include, without limitation, statements relating to our financial condition, results of operations and business and certain of our strategic plans and objectives. Because these forward-looking statements are subject to risks and uncertainties, actual future results may differ materially from those expressed in or implied by the statements. Many of these risks and uncertainties relate to factors which are beyond SIG’s ability to control or estimate precisely, such as future market conditions, currency fluctuations, the behavior of other market participants, the actions of governmental regulators and other risk factors detailed in SIG’s past and future filings and reports filed with the SWX Swiss Exchange and the U.S. Securities and Exchange Commission and posted on our websites. Readers are cautioned not to put undue reliance on forward-looking statements, which speak only of the date of this communication.SIG disclaims any intention or obligation to update and revise any forward-looking statements, whether as a result of new information, future events or otherwise. News overview >> |
