LafargeHolcim today started its share buy-back program of up to CHF 1 billion over 2017-2018. The program that was initially announced at the Capital Markets Day on November 18, 2016 and authorised by the Board of Directors on January 26, 2017, will be conducted using a second trading line on the SIX Swiss Exchange (Valor: 35.568.679; ISIN: CH0355686798).
May 31, 2017
Read time: 2 mins
LafargeHolcim today started its share buy-back program of up to CHF 1 billion over 2017-2018. The program that was initially announced at the Capital Markets Day on November 18, 2016 and authorised by the Board of Directors on January 26, 2017, will be conducted using a second trading line on the SIX Swiss Exchange (Valor: 35.568.679; ISIN: CH0355686798).
UBS AG has been mandated as the execution agent to make the share repurchases on behalf of 8161 LafargeHolcim. The second trading line is expected to remain open until December 31, 2018. Regular updates on the program will be published on www.8161 lafargeholcim.com/share-buy-back.
At the end of the buy-back program, the Board of Directors will propose to the 8161 LafargeHolcim Annual General Meeting to approve the cancellation of the repurchased shares and to reduce 8161 LafargeHolcim's share capital accordingly.
Consistent with the Group’s strict capital allocation discipline and commensurate with retaining a solid investment grade credit rating, the commitment to shareholders remains unchanged: 8161 LafargeHolcim will maintain an attractive dividend policy as well as returning excess cash to shareholders through share buy-backs or special dividends. This share buy-back program reflects the Group’s confidence in the strength of its portfolio and ability to generate cash.
