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Share buyback programs
Current share buyback program
As announced on August 31, 2018 the Board of Directors of Sonova Holding AG has decided to initiate a share buyback program with a maximum overall value of CHF 1.5 billion (but for a maximum of 11,759,560 registered shares).
The shares are repurchased as of October 10, 2018 for the purpose of a capital reduction, subject to approval by future Annual General Shareholders’ Meetings. The buyback will be conducted via a separate trading line on the SIX Swiss Exchange over a period of up to 36 months. Shares sold via the second trading line are subject to the Swiss federal withholding tax of 35% on the difference between the repurchase price and the nominal value of CHF 0.05.
You can find detailed information on the share buyback program in the official notices (German, French).
The maximum buyback volume per day in accordance with art. 123 para. 1 let. c of the Financial Market Infrastructure Ordinance (FMIO) is 71,073 shares.
Transactions conducted during the share buyback program within and outside the program can be viewed in the document below:
Share buyback program 2014-2017
On December 1, 2017, Sonova announced the conclusion of its share buyback program with a maximum overall value of CHF 500 million, which was initiated on December 1, 2014.
During the buyback program, Sonova repurchased a total of 1,842,400 registered shares (equivalent to 2.74% of the share capital as per the beginning of the buyback program) for a total amount of CHF 241.0 million at an average purchase price of CHF 130.81 per share. The registered shares were repurchased on SIX Swiss Exchange on a second trading line. Sonova has cancelled all 1,842,400 registered shares repurchased on the second trading line.
Share buyback program 2007-2009
On November 9, 2009, Sonova announced that it is terminating the share buyback program for up to 10% of its share capital which started on September 20, 2007 with immediate effect.
A total of 2,113,500 registered shares with a nominal value of CHF 0.05 each were repurchased at an average price paid per share of CHF 94.98, corresponding to 3.15% of share capital when the buyback program was launched. The value of the shares repurchased was CHF 200.7 million. The repurchase was carried out via a second trading line on SIX Swiss Exchange AG set up especially for the share buyback. All shares bought back have been cancelled.