Phoenix Mecano AG (SWX:PMN) announces a share repurchase program. Under the offer, the company will repurchase up to CHF 30 million worth of its shares. The company intends to propose to the next annual general meeting on May 24, 2024 that the shares of the company repurchased under the offer be reduced in capital by means of cancellation.

The offer is valid till November 10, 2023. As of October 24, 2023, the company held 1,900 own registered shares in treasury.