Brief: Lindt & Sprüngli Starts Buyback Program For Registered Shares And Participation Certificates

Chocoladefabriken Lindt & Spruengli AG

31/05/2021 06:18

May 31 (Reuters) - Lindt & Spruengli  LISN.S :
    * EQS-ADHOC: LINDT & SPRÜNGLI STARTS BUYBACK PROGRAM FOR
REGISTERED SHARES AND PARTICIPATION CERTIFICATES
    * BUYBACK BEGINS ON JUNE 1, 2021 AND LASTS UNTIL DECEMBER
30, 2022
AT LATEST
    * FOR BUYBACK, A SEPARATE TRADING LINE FOR EACH OF
REGISTERED
SHARES AND PCS WILL BE OPENED ON SIX SWISS EXCHANGE AG
    * BUYBACK IS BASED ON HIGH LIQUIDITY, SOLID BALANCE SHEET,
AND
CONTINUOUSLY HIGH CASH FLOW OF LINDT & SPRÜNGLI
    * BOARD OF DIRECTORS INTENDS TO PROPOSE CAPITAL REDUCTION BY
CANCELLATION OF REPURCHASED REGISTERED SHARES AND PCS AT
UPCOMING ANNUAL GENERAL MEETINGS
    * ORDINARY TRADING OF REGISTERED SHARES AND PCS WILL NOT BE
AFFECTED BY THIS MEASURE AND WILL CONTINUE NORMALLY
    * BOARD OF DIRECTORS ALSO INTENDS TO MAINTAIN EXISTING
DIVIDEND
POLICY IN FUTURE

Source text for Eikon:  ID:nEQ1x0Dsja 
Further company coverage:  LISN.S 

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