Vetropack Holding Ltd: share repurchase scheme completed successfully

Date: 1 June 2013
Source: www.vetropack.com

Date: 1 June 2013

On 8 May 2013, the day of the Annual General Assembly, Vetropack Holding Ltd released information about the planned repurchase of up to 3.33 percent of its share capital for the purposes of capital reduction.

The repurchase of shares took place between 15 and 29 May 2013 by issuing put options that could be traded on the SIX Swiss Exchange.Holders of 30 put options were entitled to tender for sale a bearer share with a nominal value of CHF 50 at an exercise price of CHF 2325. The put options were exercised on 30 May 2013 and the definitive results of the repurchase scheme are now available.

Overall, 400’710 put options were registered to be exercised, resulting in a high exercise rate of 97.77 percent. The repurchase volume thus amounts to approximately CHF 31.1 million, or 3.26 percent, of the share capital recorded in the commercial register and 1.20 percent of the voting rights.

The Board of Directors of Vetropack Holding Ltd will make a request at the Annual General Assembly on 14 May 2014 for the 13’357 repurchased shares to be cancelled.

For more information please contact:



Claude R. Cornaz, CEO

Vetropack Holding Ltd

Tel. +41 44 863 31 31

Email: claude.cornaz@vetropack.ch



David Zak, CFO

Vetropack Holding Ltd

Tel. +41 44 863 32 25

Email: david.zak@vetropack.ch
600450 Vetropack Holding Ltd: share repurchase scheme completed successfully glassonweb.com

See more news about:

Others also read

MORE...

Arrow Digital launches the Tecglass Ceramic Digital Printer for the Glass Industry
Tecglass is one of the leading companies that design and develop a range of innovative Digital Printers for the glass industry.
Oxford solar cell pioneer named as only UK scientist in Nature’s Top 10
Dr Henry Snaith of the University of Oxford has been named as one of the ten people who have made the most difference in science during 2013 in recognition of his work on next generation solar power technology.
Rotterdam Architecture Award for EMC Educational Centre
The Education Center Erasmus MC Rotterdam has won the Rotterdam Architecture Award. From a shortlist of 25 entries, the jury has chosen the design of Claus & Kaan Architecten.
Bio-Glass – Interior Innovation Award Winner 2014
Coverings ETC’s Bio-Glass in “Topaz Blue” designed by Ofer Mizrahi was bestowed the Interior Innovation Award-Winner 2013, the prestigious international design award of the German Design Council.
2013 Deep Research Report on China LOW-E Glass Industry
2013 Deep Research Report on China LOW-E Glass Industry was professional and depth research report on China Low-E Glass (LOW-Emissivity Glass) industry.
Epwin Group Chairman receives Derek Bonnard Award for Excellence
Jim Rawson, chairman of Epwin Group was awarded the Derek Bonnard Award for Excellence at the G13 Awards, held at the prestigious Park Lane Hilton, London on November 29th.

Add new comment