Swiss interdealer dealer Compagnie Financière Custom right now introduced that its share buyback program might be launched on 21 August 2023. It’s anticipated to run till the top of Might 2026.
This share buyback program of as much as 300,000 bearer shares, equal to a most of three.91% of the share capital, quantities to a complete of roughly CHF 35 million based mostly on the present share worth.
The shares might be repurchased through a second buying and selling line on the SIX Swiss Change, with Compagnie Financière Custom because the unique purchaser.
The Board of Administrators of Compagnie Financière intends to suggest a capital discount for the shares that can have been repurchased underneath this system at a future normal assembly.