Information concerning the share buyback programme
Start of the share buyback programme
Geberit AG, Rapperswil-Jona, 2 June 2017
The Geberit AG share buyback programme announced on 14 March 2017 will start on 6 June 2017. Over a maximum period of three years, shares amounting to a total of a maximum of CHF 450 million will be repurchased, less withholding tax. Based on the closing price of Geberit registered shares on 1 June 2017, this currently corresponds to around 991,000 registered shares or 2.7% of the share capital currently entered in the Commercial Register. The shares will be repurchased via a separate trading line on the SIX Swiss Exchange for the purpose of a capital reduction.
Please visit our website www.geberit.com for additional information.
For further information, please contact:
Schachenstrasse 77, CH-8645 Jona
Roman Sidler, Corporate Communications & IR Tel. +41 (0)55 221 69 47
The globally operating Geberit Group is a European leader in the field of sanitary products. Geberit operates as an integrated group with a very strong local presence in most European countries, providing unique added value when it comes to sanitary technology and bathroom ceramics. The production network encompasses more than 30 production facilities, of which six are located overseas. The Group is headquartered in Rapperswil-Jona, Switzerland. With around 12,000 employees in around 50 countries, Geberit generated net sales of CHF 2.8 billion in 2016. The Geberit shares are listed on the SIX Swiss Exchange and, since 2012, have been included in the SMI (Swiss Market Index).
Geberit AG published this content on 02 June 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 02 June 2017 05:01:11 UTC.