Lafargeholcim: launches share buyback program.
(CercleFinance.com) - LafargeHolcim has announces the launch of its share buyback program of up to 1 billion Swiss francs for the period 2017-2018 as from 1 June, which the group announced at its Investor Day on 18 November last year.
It will be carried out via a second trading line on the SIX Swiss Exchange, with the bank UBS AG having been mandated to implement it. The second trading line will remain open until 31 December 2018.
After the share repurchase program, the group's board of directors will propose that the general meeting approves the cancellation of shares that have been repurchased and reduce LafargeHolcim's capital accordingly.
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