Cham Group completes share buyback
Cham Group has completed the share buyback program announced in mid-August. The company is buying back 5% of its share capital.
A total of 153,271 registered shares were tendered to it, corresponding to 20.6% of the capital and voting rights entered in the commercial register, Cham Group reports. The acceptance declarations had therefore been reduced proportionately.
Now, as announced, the real estate company is buying back 37,250 registered shares - 5% of the share capital - at a price of CHF 440.00 per share. The repurchases will be used for future treasury management purposes, the company said.
The background to the buyback program is the planned delisting from the SIX Swiss Exchange. The last trading day is scheduled for December 18, 2019, when off-exchange trading will commence on Zürcher Kantonalbank's eKMUX. (ah)
(Visited 51 times, 1 visits today)