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Vetropack Holding Ltd: share repurchase scheme completed successfully

Post Time:Jun 01,2013Classify:Industry NewsView:55

On 8 May 2013, the day of the Annual General Assembly, Vetropack Holding Ltd released information about the planned repurchase of up to 3.33 percent of its share capital for the purposes of capital reduction.     

The repurchase of shares took place between 15 and 29 May 2013 by issuing put options that could be traded on the SIX Swiss Exchange.

Holders of 30 put options were entitled to tender for sale a bearer share with a nominal value of CHF 50 at an exercise price of CHF 2325. The put options were exercised on 30 May 2013 and the definitive results of the repurchase scheme are now available.

Overall, 400’710 put options were registered to be exercised, resulting in a high exercise rate of 97.77 percent. The repurchase volume thus amounts to approximately CHF 31.1 million, or 3.26 percent, of the share capital recorded in the commercial register and 1.20 percent of the voting rights.
The Board of Directors of Vetropack Holding Ltd will make a request at the Annual General Assembly on 14 May 2014 for the 13’357 repurchased shares to be cancelled.

For more information please contact:

Claude R. Cornaz, CEO
Vetropack Holding Ltd
Tel. +41 44 863 31 31
David Zak, CFO
Vetropack Holding Ltd
Tel. +41 44 863 32 25

Source: http://www.glassonweb.com/news/index/19246/Author:

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