Brief: Mobilezone Holding To Launch New Share Buyback Program

Mobilezone Holding AG

21/06/2022 05:48

June 21 (Reuters) - MOBILEZONE HOLDING AG  MOZN.S :
    * IS LAUNCHING A NEW SHARE BUYBACK PROGRAM WORTH A MAXIMUM
OF CHF
45 MILLION OVER PERIOD FROM 2022 TO MID-2025
    * FIRST TRANCHE OF A MAXIMUM OF CHF 12 MILLION IS EXPECTED
TO
START IMMEDIATELY AFTER PUBLICATION OF 2022 HALF-YEAR REPORT
    * BUYBACK IS TAKING PLACE FOR PURPOSE OF CAPITAL REDUCTION,
WHICH
IS SUBJECT TO APPROVAL OF FUTURE GENERAL ASSEMBLY MEETINGS
    * INTENDS TO RETAIN CURRENT DIVIDEND POLICY, TO DISTRIBUTE
60 TO
75 PER CENT OF NET PROFIT TO SHAREHOLDERS IN FORM OF DIVIDENDS
AND TO RETURN SURPLUS CAPITAL BELOW A NET DEBT/EBITDA RATIO OF 1
TO SHAREHOLDERS VIA SPECIAL DIVIDENDS OR SHARE BUYBACKS

Source text for Eikon:  ID:nEQbbm5S2a 
Further company coverage:  MOZN.S 

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