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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
Notices to the share repurchase programme