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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).

Inserat: Rückkauf eigener Aktien zum Zweck der Kapitalherabsetzung
Annonce: Rachat d'actions propres en vue d'une réduction de capital

 

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:

Sonova Publication of Transactions

 

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.