Brief: Galderma Says It Buys Back Shares Worth CHF 233 Million

Galderma AG

28/05/2025 06:11

May 28 (Reuters) - GALDERMA GROUP AG GALD.S:

BUYS BACK SHARES WORTH CHF 233 MILLION IN CONTEXT OF ACCELERATED BOOKBUILD OFFERING

REPURCHASE WAS MADE AT SAME PRICE PER SHARE DETERMINED BY BOOKBUILDING OFFERING

REPURCHASE, WHICH IS EXPECTED TO SETTLE ON JUNE 2, IS BEING FINANCED BY GALDERMA'S EXISTING LIQUIDITY ON HAND AND WILL NOT AFFECT COMPANY'S ABILITY TO DELIVER ON ITS STRATEGIC AND FINANCING PRIORITIES.

FOLLOWING CLOSING OF ABO, FREE FLOAT IN GALDERMA'S SHARES IS EXPECTED TO INCREASE FROM 41.8% TO 49.8%

Source text: [ID:]

Further company coverage: GALD.S

 (Gdansk Newsroom)

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