The share buyback programme announced by the Zehnder Group on 24 February 2021 will commence on 24 March 2021. Over a maximum period of three years, the Group will buy back up to 5% of the listed registered shares A via a second trading line on the SIX Swiss Exchange. This corresponds to 487,800 registered shares A, whose cancellation will be proposed by the Board of Directors at future Annual General Meetings.

Strategic flexibility for future investments and acquisitions will be maintained. At the end of 2020, the Zehnder Group had a strong balance sheet with a high equity ratio of 66% and net liquidity of EUR 96.4 million. It also has a syndicated credit facility of EUR 100 million with a term of three years. As well as including an extension option, it will also be possible to increase the facility by EUR 50 million if larger acquisitions need to be made.

The Zehnder Group has commissioned Zürcher Kantonalbank to conduct the share buyback programme. Further information is available in the official advertisement (in German and French) on our website at www.zehndergroup.com/en/investor-relations/shares.

Next dates to note

Annual General Meeting 2021 26 March 2021

Six-month Report 2021 28 July 2021

Sales for 2021 14 January 2022

Annual Report 2021 and media/analyst conference 23 February 2022

Annual General Meeting 2022 7 April 2022

Contact

René Grieder

Member of the Group Executive Committee, CFO

Zehnder Group AG, 5722 Gränichen (Switzerland)

T +41 62 855 1521, rene.grieder@zehndergroup.com

This media release is published in German and English. The German version is binding.

For further information about the Zehnder Group, please visit www.zehndergroup.com.

Company profile

The Zehnder Group improves quality of life with comprehensive indoor climate solutions. The globally active company develops and manufactures its products in 16 plants, including 2 in China and 3 in North America. Its sales activities, spanning more than 70 countries, take place through local sales companies and representative offices.

Zehnder Group products and systems for heating and cooling, comfortable indoor ventilation and air cleaning are characterised by outstanding design and high energy efficiency. The Group is among the market and technology leaders in its business areas with brands such as Zehnder, Runtal, Acova, Bisque, Greenwood, Paul, Core, Enervent and Recair.

The Zehnder Group has had its headquarters in Gränichen (Switzerland) since 1895. It employs around 3300 people worldwide and achieved sales of EUR 618 million in 2020. The company is listed on the SIX Swiss Exchange (symbol ZEHN/number 27 653 461). The unlisted registered shares B are held by the Zehnder family and persons closely associated with them.

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Zehnder Group AG published this content on 23 March 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 March 2021 06:00:02 UTC.