Meier Tobler Group AG (SWX:MTG) announces a share repurchase program. Under the program, the company will repurchase up to 1,400,000 shares, representing 8.66% of its issued share capital, for CHF 30 million. The purpose of the program is capital reduction.

A portion of the shares issued in 2017 to fund this transaction will now be gradually repurchased and canceled over the next few years, resulting in a compression of earnings per share. The program is valid for 3 years.