Repurchase of shares
LLB launches a public share repurchase programme for up to 400'000 registered shares
Within the scope of a public share repurchase programme, LLB is to buy back up to 400'000 of its own registered shares. The repurchase programme starts on 24 August 2018 and lasts until 31 December 2020 at the latest. The repurchase of the registered shares is to be carried out via the regular trading line of SIX Swiss Exchange. The maximum number of shares available for repurchase daily is 1'804. The repurchased shares are to be used for the purpose of future acquisitions or Treasury management measures.
The repurchase of the shares is to be made within the framework of the authorisation issued by the General Meeting of Shareholders of 12 May 2017. Within the period up to 12 May 2022, own registered shares up to a maximum of 10 percent of the share capital are to be acquired. 400'000 registered shares with a nominal value of CHF 5.00 each correspond to 1.3 percent of the share capital.
No shares are to be cancelled.
LLB has commissioned the Zurcher Cantonal Bank to carry out the repurchase of the registered shares.