Basel, Baloise announced a new share buy-back programme at the end of last year. The repurchase of up to three million treasury shares using a second trading line starts on 4 April 2017 and will continue for a maximum of three years.
Baloise’s last share buy-back programme finished in July 2016. The Company is now living up to its shareholder-friendly reputation by launching a new programme to repurchase up to three million treasury shares. “Our objective is to make cash of CHF 2 billion available between 2017 and 2021 for the purpose of supporting our attractive shareholder policy and investing in our Company’s further development. The newly launched buy-back programme represents another step in positioning Baloise as an attractive investment. Alongside our strong core business and investment in new products and services for the future, this active approach to capital management underlines the value of Baloise as one of the most shareholder-friendly companies in the sector,” says Marc Kaiser, Head of Corporate Communications & Investor Relations.
At the upcoming Annual General Meeting on 28 April 2017, a proposal will be made to cancel the 1.2 million shares acquired under buy-back programmes in previous years.