Closing of the existing share repurchase program

default swatchgroup image

Swatch Group: Closing of the existing share repurchase program by June 30, 2005 and launch of a new program on the second trading line on virt-x as from July 1, 2005

 

As already announced on the occasion of the publication of the 2004 business results, Swatch Group launches a new share repurchase program on a second trading line. The size of the new share repurchase program corresponds to a market value of CHF250 million. The share repurchase will take place on virt-x on separate trading lines (bearer shares and registered shares, respectively), established solely for this purpose. These trading lines have been opened on virt-x as of today, July 1, 2005.

Swatch Group will ensure that holders of bearer and holders of registered shares can tender their shares on comparable terms to Swatch Group on the separate trading lines. The shares will be repurchased after deduction of the Swiss federal withholding tax. The intended use of the shares to be repurchased , will be determined at a later date. Herewith, and without time limitation, Swatch Group retains the full range of possibilities for the use of the repurchased shares (e.g. capital reduction, acquisitions, equity-linked transactions, employee participation or resale).

Related news

Swatch Group: Key Figures 2023
AD HOC

Swatch Group: Key Figures 2023

Net sales up by 12.6% at constant exchange rates, or 5.2% at current rates to CHF 7 888 million. Sales growth of over 8% in the fourth quarter in local currencies. Despite huge exchange rate impacts, the Watches & Jewelry segment (including Production) achieved the same strong operating margin of 17.2%. Operating profit of CHF 1 191…

Swatch Group welcomes UK court decision against Samsung watch faces

Swatch Group welcomes UK court decision against Samsung watch faces

Swatch Group today won a milestone trade mark case against Samsung in the UK.  Last year, Mrs Justice Falk held that Samsung had infringed trade marks belonging to a number of well-known Swiss watch brands of the Swatch Group including amongst others Omega, Tissot, Longines and Swatch. Today, in the Court of Appeal in London, in a case which…

Acquisition of a building at New Bond Street in London

Acquisition of a building at New Bond Street in London

Swatch Group has just acquired a prestigious property on one of London's most luxurious thoroughfares. The building, located at 171 New Bond Street, has housed a salon for the Group’s international luxury brand Harry Winston since 2006. The transaction is worth around CHF 90 million. The building, constructed in 1856, has 562 m2 spread over five…