Lindt & Sprüngli completes buyback of own shares and participation certificates
June 22, 2022 at 01:03 am EDT
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Chocoladefabriken Lindt & Sprüngli AG
/ Key word(s): Share Buyback
Lindt & Sprüngli completes buyback of own shares and participation certificates
22.06.2022 / 07:00
Press Release | June 22, 2022
Kilchberg, June 22, 2022 – Chocoladefabriken Lindt & Sprüngli AG completed its buyback program, which started on June 1, 2021, ahead of schedule on June 21, 2022.
In total, 629 registered shares and 65,014 participation certificates were bought back. The total buyback volume aggregated to CHF 747,997,085. The buyback of registered shares and participation certificates of Chocoladefabriken Lindt & Sprüngli AG was executed via second trading lines on SIX Swiss Exchange.
On the occasion of the ordinary general meeting of April 28, 2022, a capital reduction through the cancellation of 453 registered shares and 37,570 participation certificates acquired up to December 31, 2021, was resolved. Another capital reduction through cancellation of the remaining registered shares and participation certificates bought back will be requested at the next ordinary general meeting on April 20, 2023.
About Lindt & Sprüngli
Lindt & Sprüngli has been enchanting the world with chocolate for over 175 years. The traditional Swiss company with its roots in Zurich is a global leader in the premium chocolate sector. Today, Lindt & Sprüngli produces quality chocolates at its 11 factories in Europe and the USA. Its products are sold by 32 subsidiaries and regional offices, in around 500 of its own shops, as well as via a network of more than 100 independent distributors around the globe. With more than 14,000 employees, the Lindt & Sprüngli Group reported sales of CHF 4.59 billion in 2021.
Chocoladefabriken Lindt & Spruengli AG is a Switzerland-based and globally active holding company developing, producing and selling chocolate products. The Companyâs products are sold under the brand names Lindt, Ghirardelli, Caffarel, Hofbauer and Kufferle. The Company has six production sites in Europe and two in the United States. The Company sells its products mainly in countries within Europe and the North American Free Trade Agreement (NAFTA) countries. In September 2014, it announced the placement of 1 billion Swiss francs worth of bonds issues to finance Russell Stover Candies takeover. The Companyâs subsidiaries include Chocoladefabriken Lindt & Sprngli (Schweiz) AG, Chocoladefabriken Lindt & Sprngli GmbH, Lindt & Sprngli SAS, Lindt & Sprngli (UK) Ltd, Lindt & Sprngli (Poland) Sp. z o.o., L&S (Brazil) Holding Ltd and Lindt & Sprngli (Asia-Pacific) Ltd., among others.
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