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MarketScreener Homepage  >  Equities  >  Swiss Exchange  >  EFG International AG    EFGN   CH0022268228

EFG INTERNATIONAL AG

(EFGN)
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EFG International : launches share buyback programme

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05/31/2019 | 02:19am EST

EFG International AG

Phone +41 44 226 18 50

Bleicherweg 8

Fax +41 44 226 18 55

8001 Zurich

efginternational.com

Switzerland

Media Release

EFG International launches share buyback programme

Zurich, 31 May 2019

As initially announced in its media release of 26 April 2019, EFG International AG intends to repurchase up to eight million of its own registered shares. The share buyback programme starts on 03 June 2019 and will last until 30 June 2020 at the latest.

The share buyback programme 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 repurchased shares are used to fund restricted stock units relating to employee incentive plans, including the long-term incentive plan announced in March 2019. EFG prevents shareholders from experiencing a further annual dilution, due to the issue of shares from conditional capital in connection with its employee incentive plans.

The shares will be purchased in the open market between 03 June 2019 and no later than 30 June 2020. The regular update on the repurchase programme and the buyback notices can be found on the following website:

https://www.efginternational.com/About-EFG/Investor-relations/Share-Repurchase.html

Contact

Investor Relations

Media Relations

+41 44 212 73 77

+41 44 226 12 72

investorrelations@efginternational.com

mediarelations@efginternational.com

EFG International

EFG International is a global private banking group offering private banking and asset management services and is headquartered in Zurich. EFG International's group of private banking businesses operates in around 40 locations worldwide. Its registered shares (EFGN) are listed on the SIX Swiss Exchange.

EFG International AG, Bleicherweg 8, 8001 Zurich, Switzerland

www.efginternational.com

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Disclaimer

This document has been prepared by EFG International AG ("EFG") solely for use by you for general information only and does not contain and is not to be taken as containing any securities advice, recommendation, offer or invitation to subscribe for, purchase or redeem any securities regarding EFG.

This release contains specific forward-looking statements that include terms like "believe", "assume", "expect", "target" or similar expressions. Such forward-looking statements represent EFG's judgments and expectations and are subject to known and unknown risks, uncertainties and other factors that may result in a substantial divergence between the actual results, the financial situation, and/or the development or performance of the company and those explicitly or implicitly presumed in these statements. These factors include, but are not limited to: (1) the ability to successfully realize the synergies expected from the integration of BSI SA ("BSI"), (2) general market, macroeconomic, governmental and regulatory trends, (3) movements in securities markets, exchange rates and interest rates, (4) competitive pressures, and (5) other risks and uncertainties inherent in the business of EFG and its subsidiaries, including BSI legacy risks. EFG is not under any obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law or regulation.

Nothing contained herein is, or shall be relied on as, a promise or representation concerning the future performance of EFG and its subsidiaries. EFG may not realize the full benefits of the integration of BSI, including the expected synergies, cost savings or growth opportunities within the anticipated time frame or at all.

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Disclaimer

EFG International AG published this content on 31 May 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 31 May 2019 06:18:02 UTC

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Financials (CHF)
Sales 2019 1 147 M
EBIT 2019 239 M
Net income 2019 113 M
Debt 2019 -
Yield 2019 5,04%
P/E ratio 2019 17,9x
P/E ratio 2020 11,9x
Capi. / Sales2019 1,59x
Capi. / Sales2020 1,48x
Capitalization 1 827 M
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Technical analysis trends EFG INTERNATIONAL AG
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 7
Average target price 7,14  CHF
Last Close Price 6,24  CHF
Spread / Highest target 34,6%
Spread / Average Target 14,5%
Spread / Lowest Target -3,85%
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Managers
NameTitle
Piergiorgio G. Pradelli Chief Executive Officer
John Alexander Williamson Chairman
Christian Flemming Chief Operating Officer
Dimitris Ch. Politis Chief Financial Officer
Mark Bagnall Chief Technology Officer
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