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SIG commences share buyback program SIG commences share buyback program On January 16, 2006 SIG will commence its already announced share buyback program leading to the cancellation of the shares bought back. The buyback program of up to CHF 100 million will take place over a “second trading line” on SWX Swiss Exchange. As announced in the media release of November 30, 2005 SIG will commence a share buyback program with the purpose to cancel the shares bought back. The buyback will take place over a second trading line on SWX Swiss Exchange. On this second trading line, shares will be purchased exclusively by SIG. The second trading line will be available from January 16, 2006 to presumably February 20, 2007. The shares bought back will be cancelled following shareholder approval at the 2007 Annual General Meeting. Such cancellation will lead to a respective earnings enhancement. The Board of Directors has set an amount of CHF 100 million for the buyback. SIG has mandated UBS Investment Bank with the execution of the buyback.  Download Media Release 060111 (PDF, 13kB) News overview >> |
