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14/09/2007 | 08:00 CEST | Group Announcements

Share buy-back program - Start on September 20, 2007

As announced on August 15, 2007, Sonova intends to repurchase up to 10% of its outstanding shares over the next three years. The program starts on September 20, 2007 and will end September 20, 2010 the latest.

The share buy-back program allows Sonova to return its cash not used for operations and funds generated from future free cash flows to its shareholders. Due to the solid financial position of Sonova, this share buy-back program will not impact the financial flexibility for further internal and external expansion.


The aim of the share buy-back is to reduce equity by cancelling the repurchased shares. A proposal to reduce equity will be yearly submitted to the General Meeting. 


The share buy-back program will be executed via a second trading line on SWX, on which Sonova acts as exclusive buyer. The Credit Suisse Group is the principal record keeping transfer agent.


For further information, please visit: Share buy-back program