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Vetropack Holding Ltd. passed resolution regarding repurchase of own shares

Post Time:Feb 27,2009Classify:Company NewsView:261

The Board of Directors of Vetropack Holding Ltd., St-Prex, has passed a resolution to launch a share buyback programme to reduce the share capital. This share buyback programme will amount to a maximum of 7 percent of all bearer shares listed on the SIX Swiss Exchange in the Segment Local Caps (maximum 17´601 bearer shares).

The share buyback will be carried out through a second trading line on the SIX Swiss Exchange as from Wednesday, January 21, 2009, and is to continue until April 8, 2011, at the latest. The price, at which shares will be bought back, respectively the stock price on the second trading line, will be based on the prices as paid for Vetropack Holding Ltd. bearer shares trading at the first trading line.

The Board of Directors will propose at the ordinary general shareholders’ meeting to of 2009, 2010 and 2011 the reduction of the current share capital by cancellation of the shares bought back trough this process.

Source: Vetropack AGAuthor: shangyi

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