Brief: CFT: Announces Launch Of Its Share Buyback Program Of Up To 300,000 Shares

Compagnie Financiere Tradition SA

18/08/2023 06:04

Aug 18 (Reuters) - Compagnie Financiere Tradition SA
 CFT.S :
    * ANNOUNCES LAUNCH OF ITS SHARE BUYBACK PROGRAM OF UP TO
300,000
SHARES
    * WILL BE LAUNCHED ON 21 AUGUST 2023 AND IS EXPECTED TO RUN
UNTIL
END OF MAY 2026
    * THIS SHARE BUYBACK PROGRAM OF UP TO 300,000 BEARER SHARES,
EQUIVALENT TO A MAXIMUM OF 3.91 % OF SHARE CAPITAL, AMOUNT TO A
TOTAL OF APPROXIMATELY CHF 35 MILLION BASED ON CURRENT SHARE
PRICE
    * BOARD OF DIRECTORS OF COMPAGNIE FINANCIÈRE INTENDS TO
PROPOSE A
CAPITAL REDUCTION FOR SHARES THAT WILL HAVE BEEN REPURCHASED
UNDER PROGRAM AT A FUTURE GENERAL MEETING

Further company coverage:  CFT.S 

 (Reporting by Berlin Newsroom)
 ((berlin.newsroom@thomsonreuters.com;))