Share repurchase 2019/2020

As previously announced in the media release of 26 April 2019, EFG International AG (“EFG”) intends to repurchase up to eight million of its own registered shares. The share buyback programme will last until 30 June 2020 at the latest. The repurchased shares are used to fund restricted stock units relating to employee incentive plans. By repurchasing the shares, EFG prevents shareholders from experiencing a further annual dilution, as had been the case in previous years due to the issue of shares from conditional capital in connection with its employee incentive plans. The share buyback is being executed by EFG Bank AG, Zurich, a wholly owned subsidiary of EFG.

The share buyback was exempted from the provisions on public takeover offers provided for in section 6.1 of the Circular no. 1 of the Swiss Takeover Board dated 27 June 2013 (status as of 01 January 2016) and refers to a maximum of 8,000,000 registered shares, equivalent to a maximum of 2.70% of the current share capital and voting rights (the current share capital amounts to CHF 148,099,584.00, divided into 296,199,168 registered shares, each with a nominal value of CHF 0.50). EFG currently has participation capital of CHF 200,730.00, divided into 13,382 registered participation certificates with a nominal value of CHF 15.00.

By way of illustration, it should be noted that based on the registered shares of EFG’s closing price on 28 May 2019 of CHF 6.64, the maximum buyback volume of six million registered shares represents a total market value of CHF 53.12 million.

The maximum daily repurchase volume in accordance with Art. 123(1)(c) of the Swiss Financial Market Infrastructure Ordinance amounts to 40’868 shares.

Transaction reporting


Share repurchase 2018/2019

On 12 March 2019, EFG International AG announced the completion of the repurchase programme for its own registered shares initially communicated on 27 April 2018.

EFG’s share buyback programme started on 27 July 2018 and was concluded on 12 March 2019. EFG repurchased a total of 6,000,000 registered shares, equivalent to 2.07% of the share capital as of July 2018, on the SIX Swiss Exchange for an amount of CHF 40,572,422 through its wholly owned subsidiary EFG Bank AG. The repurchased shares are used to fund restricted stock units relating to employee incentive plans, as EFG prevents further shareholder dilution, caused by the issue of shares from conditional capital in connection with its employee incentive plans.

The share buyback was exempted from the provisions on public takeover offers provided for in section 6.1 of the Circular no. 1 of the Swiss Takeover Board dated 27 June 2013 (status as of 01 January 2016) and referred to a maximum of 6,000,000 registered shares, equivalent to a maximum of 2.07% of the share capital and voting rights as of July 2018.

EFG International concludes share buyback programme

Transaction reporting