HBM Healthcare Investments AG (SWX:HBMN) commences share repurchases on July 5, 2023, under the program mandated by the Annual General Meeting held on June 10, 2022. As per the mandate, the company is authorized to repurchase its own shares.

On June 28, 2022, the company announced a share repurchase program. Under the program, the company will repurchase 696,000 registered shares, representing 10% of the registered shares entered in the commercial register, for the purpose of cancellation by capital reduction. The repurchases will be funded from available cash. It will start on June 29, 2022 and last until June 27, 2025, at the latest.