Valartis Group AG (SWX:VLRT) commences share repurchases on November 27, 2023 under the program mandated by the shareholders in the Annual General Meeting held on May 16, 2023. As per the mandate, the company is authorized to repurchase up to 120,000 shares. The shares may be repurchased for cancellation. The plan will be valid till April 2026.

On November 27, 2023, the company initiated a Tender Offer. Under the program, the company will repurchase up to 103,000 registered shares, representing 3.29% of its issued share capital, for CHF 1.42 million. The share repurchase price is CHF 13.75 per share. The purpose of buyback is capital reduction. The offer is valid from December 4, 2023 to and including December 15, 2023. As of November 27, 2023, the company had 3,126,295 registered shares issued.