ADB Groups Launches a Share Repurchase Programme

September 10, 2008 | by ADB Groups

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September 10, 2008, ADB Holdings SA (SWX: ADBN) announced today that its Board of Directors has approved a share repurchase programme.


The Company will purchase up to 330,000 of its own shares, or up to 5.33% of its share capital, on the regular market starting today, at the market price. The programme will commence on 10 September, and will last until 31 March, 2009. The Company retains the right to amend the duration of the programme. The repurchased shares will be held in treasury and would be available for purposes such as employee incentive schemes, financing of acquisitions and/or any other future use in the Company's interest.

At the launch of this share repurchase programme, the Company held 287,589 shares in treasury.

The Company has appointed Bank Vontobel AG as agent for this operation. The repurchase will not require a separate trading line with SWX.

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Source: ADB Groups, Press release