Landis+Gyr repurchases up to 1 million shares at CHF 50 in fixed-price buyback offer
Reuters2026/08/19 04:43Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
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- Landis+Gyr set to repurchase up to 1,000,000 registered shares at a fixed price of CHF 50 per share, totaling up to CHF 50 million.
- Investors tendered 4,106,869 shares; acceptances set pro rata at a 24.35% ratio due to oversubscription.
- Settlement scheduled for Aug. 21, 2026, covering payment of the net buyback price and share delivery.
- Company to hold 2,285,464 treasury shares post-transaction, equal to 7.91% of outstanding share capital.
- Plans a new buyback program tied to the remaining portion of a previously announced USD 175 million capital return.
Disclaimer:
This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Landis&Gyr Group AG published the original content used to generate this news brief on August 19, 2026, and is solely responsible for the information contained therein.
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