Lindt & Sprüngli completes buyback of own shares and participation certificates
Kilchberg, June 22, 2022 – Chocoladefabriken Lindt & Sprüngli AG completed its buyback program, which started on June 1, 2021, ahead of schedule on June 21, 2022.
In total, 629 registered shares and 65,014 participation certificates were bought back. The total buyback volume aggregated to CHF 747,997,085. The buyback of registered shares and participation certificates of Chocoladefabriken Lindt & Sprüngli AG was executed via second trading lines on SIX Swiss Exchange.
On the occasion of the ordinary general meeting of April 28, 2022, a capital reduction through the cancellation of 453 registered shares and 37,570 participation certificates acquired up to December 31, 2021, was resolved. Another capital reduction through cancellation of the remaining registered shares and participation certificates bought back will be requested at the next ordinary general meeting on April 20, 2023.
The maximum buy-back volume per day in accordance with art. 123 (1) (c) FMIO is 25 for registered shares and 341 for participation certificates.
Media Release in English and German for Download - completion of share buyback
Lindt & Sprüngli: New buyback program for registered shares and participation certificates of CHF 1 billion
Kilchberg, July 26, 2022 - In view of the continuously high free cash flow, an expected positive net liquidity at the end of 2022 and the strong balance sheet, the Board of Directors of Chocoladefabriken Lindt & Sprüngli AG decided in its meeting on July 25, 2022, to start a new buyback program for Lindt & Sprüngli registered shares (RS) and participation certificates (PC) in the amount of up to CHF 1 billion. The buyback will start on August 2, 2022, and last until July 31, 2024, at the latest. For the buyback, a separate trading line will be opened on the SIX Swiss Exchange AG for each of the registered shares and the participation certificates. The Board of Directors intends to propose the capital reduction by cancellation of the repurchased registered shares and participation certificates at future Annual General Meetings.
The maximum buy-back volume per day in accordance with art. 123 (1) (c) FMIO is 21 for registered shares and 343 for participation certificates.
Media Release in English and German for Download - start of share buyback
Buyback Notice in English, German and French for Download
Buyback Notice in English, German and French for Download
Second Trading Line
The buyback will be carried out on a second trading line on SIX Swiss Exchange with Lindt & Sprüngli as the exclusive buyer on this trading line as follows:
Lindt & Sprüngli registered shares
Valoren Number 119.254.839 / ISIN CH1192548399 / Ticker LISNE
Lindt & Sprüngli Participation Certificate
Valoren Number 119.254.840 / ISIN CH1192548407 / Ticker LISPE
Second Trading Line
The buyback was carried out on a second trading line on SIX Swiss Exchange with Lindt & Sprüngli as the exclusive buyer on this trading line as follows:
Lindt & Sprüngli registered shares
Valoren Number 111.008.506 / ISIN CH1110085060 / Ticker LISNE
Lindt & Sprüngli Participation Certificate
Valoren Number 111.008.507 / ISINCH1110085078 / Ticker LISPE
Swiss Withholding Tax
Swiss federal withholding tax amounts to 35 % on the difference between the buyback price of the registered shares and the participation certificates and their respective nominal values. The repurchasing company respectively the bank mandated by the company deducts the tax from the buyback price on behalf of the Federal Tax Administration («FTA»).
The company reserves the right to, at a later stage and for a certain period of time, make the repurchase using capital contribution reserves («CCR»). In this case, the deduction for the Swiss withholding tax amounts to 35% on the 50% of the difference between the buyback price of the registered shares or the participation certificates and their nominal values. No deduction for the Swiss withholding tax is made on the other 50% of the difference between the buyback price of the registered shares and the participation certificates and their nominal values, for which amount CCR are used.
Persons domiciled in Switzerland are entitled to a refund of the withholding tax provided they had equitable ownership of the shares and the participation certificates at the time of redemption and no tax evasion has been committed (Art. 21 of the Swiss Withholding Tax Act). Persons domiciled outside Switzerland may reclaim part of the Swiss withholding tax subject to the provisions of any relevant double taxation agreement.
Swiss Withholding Tax
Swiss federal withholding tax amounts to 35 % on the difference between the buyback price of the registered shares and the participation certificates and their respective nominal values. The repurchasing company respectively the bank mandated by the company deducts the tax from the buyback price on behalf of the Federal Tax Administration («FTA»).
At the beginning of the buyback, the company reserved the right to make the repurchase at a later date using capital contribution reserves («CCR»). Since 1 October 2021 the company has exercised this right, therefore the deduction for the Swiss withholding tax amounts to 35% on the 50% of the difference between the buyback price of the registered shares or the participation certificates and their nominal values. No deduction for the Swiss withholding tax is made on the other 50% of the difference between the buyback price of the registered shares and the participation certificates and their nominal values, for which amount CCR are used.
Persons domiciled in Switzerland are entitled to a refund of the withholding tax provided they had equitable ownership of the shares and the participation certificates at the time of redemption and no tax evasion has been committed (Art. 21 of the Swiss Withholding Tax Act). Persons domiciled outside Switzerland may reclaim part of the Swiss withholding tax subject to the provisions of any relevant double taxation agreement.
Share Buyback Program 2022-2024
Buyback Report September 1 - 22, 2023
Buyback Report August 1 - 31, 2023
Buyback Report July 1 - 31, 2023
Buyback Report June 1 - 30, 2023
Buyback Report May 1 - 31, 2023
Buyback Report April 1 - 30, 2023
Buyback Report March 1 - 31, 2023
Buyback Report February 1 - 28, 2023
Buyback Report January 1 - 31, 2023
Buyback Report December 1 - 31, 2022
Buyback Report November 1 - 30, 2022
Buyback Report October 1 - 31, 2022
Buyback Report September 1 - 30, 2022
Buyback Report August 2 - 31, 2022
Completed Share Buyback Program 2021/2022
In total, 629 registered shares and 65,014 participation certificates were bought back. The total buyback volume aggregated to CHF 747,997,085. The buyback of registered shares and participation certificates of Chocoladefabriken Lindt & Sprüngli AG was executed via second trading lines on SIX Swiss Exchange.
On the occasion of the ordinary general meeting of April 28, 2022, a capital reduction through the cancellation of 453 registered shares and 37,570 participation certificates acquired up to December 31, 2021, was resolved. Another capital reduction through cancellation of the remaining registered shares and participation certificates bought back will be requested at the next ordinary general meeting on April 20, 2023.
The maximum buy-back volume per day in accordance with art. 123 (1) (c) FMIO is 25 for registered shares and 341 for participation certificates.
Media Release in English and German for Download - completion of share buyback
- Lindt & Sprüngli completes buyback of own shares and participation certificates
- Lindt & Sprüngli schliesst Rückkauf eigener Aktien und Partizipationsscheine ab
Kilchberg, May 31, 2021 -The Chocoladefabriken Lindt & Sprüngli AG starts a buyback program for Lindt & Sprüngli registered shares and participation certificates (PCs) in the amount of up to CHF 750 million.
The buyback begins on June 1, 2021 and lasts until December 30, 2022 at the latest. For the buyback, a separate trading line for each of the registered shares and PCs will be opened on SIX Swiss Exchange AG. The buyback is based on the high liquidity, solid balance sheet, and continuously high cash flow of Lindt & Sprüngli.
The Board of Directors intends to propose the capital reduction by cancellation of the repurchased registered shares and PCs at upcoming Annual General Meetings. The ordinary trading of registered shares and PCs will not be affected by this measure and will continue normally. The Board of Directors also intends to maintain the existing dividend policy in the future.
The maximum buy-back volume per day in accordance with art. 123 (1) (c) FMIO is 25 for registered shares and 341 for participation certificates.
Media Release in English and German for Download - start of share buyback
- Lindt & Sprüngli starts buyback program for registered shares and participation certificates
- Lindt & Sprüngli startet Rückkaufprogramm für Namensaktien und Partizipationsscheine ab
Buyback Notice in English, German and French for Download
- Buyback of own registered shares and participation certificates for the purpose of a capital reduction
- Rückkauf eigener Aktien und Partizipationsscheine zum Zweck der Kapitalherabsetzung
- Rachat d'actions et de bons de participation propres en vue d'une réduction de capital
SECOND TRADING LINE
The buyback was carried out on a second trading line on SIX Swiss Exchange with Lindt & Sprüngli as the exclusive buyer on this trading line as follows:Lindt & Sprüngli registered shares
Valoren Number 111.008.506 / ISIN CH1110085060 / Ticker LISNE
Lindt & Sprüngli Participation Certificate
Valoren Number 111.008.507 / ISINCH1110085078 / Ticker LISPE
SWISS WITHHOLDING TAX
Swiss federal withholding tax amounts to 35 % on the difference between the buyback price of the registered shares and the participation certificates and their respective nominal values. The repurchasing company respectively the bank mandated by the company deducts the tax from the buyback price on behalf of the Federal Tax Administration («FTA»). At the beginning of the buyback, the company reserved the right to make the repurchase at a later date using capital contribution reserves («CCR»). Since 1 October 2021 the company has exercised this right, therefore the deduction for the Swiss withholding tax amounts to 35% on the 50% of the difference between the buyback price of the registered shares or the participation certificates and their nominal values. No deduction for the Swiss withholding tax is made on the other 50% of the difference between the buyback price of the registered shares and the participation certificates and their nominal values, for which amount CCR are used. Persons domiciled in Switzerland are entitled to a refund of the withholding tax provided they had equitable ownership of the shares and the participation certificates at the time of redemption and no tax evasion has been committed (Art. 21 of the Swiss Withholding Tax Act). Persons domiciled outside Switzerland may reclaim part of the Swiss withholding tax subject to the provisions of any relevant double taxation agreement.Buyback Report June 1 - 21, 2022
Buyback Report May 1 - 31, 2022
Buyback Report April 1 - 30, 2022
Buyback Report March 1 - 31, 2022
Buyback Report February 1 - 28, 2022
Buyback Report January 1 - 31, 2022
Buyback Report December 1 - 31, 2021
Buyback Report November 1 - 30, 2021
Buyback Report October 1 - 31, 2021
Buyback Report September 1-30, 2021
Buyback Report August 1-31, 2021
Buyback Report July 1- 30, 2021
Buyback Report June 1-30, 2021
Completed Share Buyback Program 2018/2019
The total buyback volume aggregated to CHF 455'415'823. The buyback of registered shares and participation certificates of Chocoladefabriken Lindt & Sprüngli AG was executed via second trading lines on SIX Swiss Exchange.
On the occasion of the ordinary general meeting of 2 May 2019 a capital reduction through the cancellation of 100 registered shares and 18,156 participation certificates acquired up to December 31, 2018 was resolved. Another capital reduction through cancellation of the remaining registered shares and participations certificates bought back will be requested to next ordinary general meeting on 24 April 2020.
The maximum buy-back volume per day in accordance with Art. 123 para. 1 lit.c FinraV was 37 for registered shares and 654 for participation certificates
BUYBACK NOTICE IN FRENCH AND GERMAN
- Rückkauf eigener Aktien und Partizipationsscheine zum Zweck der Kapitalherabsetzung
- Rachat d'actions et de bons de participation propres en vue d'une réduction de capital
SECOND TRADING LINE
The buyback was carried out on a second trading line on SIX Swiss Exchange with Lindt & Sprüngli as the exclusive buyer on this trading line as follows:Lindt & Sprüngli registered shares
Valoren Number 38.668.775/ ISIN CH038 668 7757 / Ticker LISNE
Lindt & Sprüngli Participation Certificate
Valoren Number 38.668.776 / ISIN CH038 668 7765 / Ticker LISPE
SWISS WITHHOLDING TAX
A holder wishing to sell Lindt & Sprüngli registered shares or participation certificates has the option of selling on either the ordinary trading line or on the second trading line. Registered shares and participation certificates repurchased on the second trading line are subject to Swiss withholding tax of 35% on the difference between the repurchase price of the Lindt & Sprüngli registered share and participation certificate, respectively, and their nominal values (CHF 100 per registered share and CHF 10 per participation certificate). The Swiss withholding tax can be reclaimed by qualified investors.Download the monthly reporting here:
- Buyback July 2019
- Buyback June 2019
- Buyback May 2019
- Buyback April 2019
- Buyback March 2019
- Buyback February 2019
- Buyback January 2019
- Buyback December 2018
- Buyback November 2018
- Buyback October 2018
- Buyback September 2018
- Buyback August 2018
- Buyback July 2018
- Buyback June 2018
- Buyback May 2018
- Buyback April 2018
- Buyback March 2018
Completed Share Buyback Program 2013/2014
At the ordinary general meeting held on April 23, 2015 the capital reduction through the cancellation of 23 repurchased registered shares and 12’730 repurchased participation certificates has been resolved.
Please find detailed information on the two concluded share buyback programs below:
BUYBACK NOTICE IN FRENCH AND GERMAN
Download here the share buyback information in German and French:- Rückkauf eigener Aktien und Partizipationsscheine zum Zweck der Kapitalherabsetzung
- Rachat d'actions et de bons de participation propres en vue d'une réduction de capital
SWISS WITHHOLDING TAX
A holder wishing to sell Lindt & Sprüngli registered shares or participation certificates has the option of selling on either the ordinary trading line or on the second trading line. Registered shares and participation certificates repurchased on the second trading line are subject to Swiss withholding tax of 35% on the difference between the repurchase price of the Lindt & Sprüngli registered share and participation certificate, respectively, and their nominal values (CHF 100 per registered share and CHF 10 per participation certificate). The Swiss withholding tax can be reclaimed by qualified investors.The progression of the buyback program is shown in the following files:
Completed Share Buyback Program 2011/2012
The capital reduction, through the cancellation of 589 repurchased registered shares and 22’253 participation certificates that were not already cancelled at this year's ordinary general meeting, is subject to approval at the ordinary general meeting 2013.
Listing Notice in French and German
Download here the information about the completed share buyback program in German and French:
- Rückkauf eigener Aktien und Partizipationsscheine zum Zweck der Kapitalherabsetzung
- Rachat d'actions et de bons de participation propres en vue d'une réduction de capital
WITHHOLDING TAX
A shareholder wishing to sell Lindt & Sprüngli registered shares or participation certificates has the option of selling either via the ordinary trading line or via the second line. Shares and PCs repurchased on the second trading line are subject to the Swiss withholding tax of 35% on the difference between the repurchase price of the Lindt & Sprüngli registered share and participation certificate respectively, and their nominal values (CHF 100.00 for the registered share and CHF 10.0 for the PC). This withholding tax can be reclaimed by qualified investors.Volumes and prices of the share buyback program 2011 - 2012
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