Media - Sonova News Room
Sonova concludes share buyback program
Stäfa (Switzerland), December 1, 2017 – Sonova Holding AG, the world’s leading provider of hearing solutions, today announces the conclusion of its share buyback program, 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 during the last 3 years. Today’s announcement is pursuant to applicable regulation of the Swiss Takeover Board. The share buyback program was suspended following the announcement of the acquisition of AudioNova on May 4, 2016.
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