Kilchberg, July 31, 2019 – On July 31, 2019, Chocoladefabriken Lindt & Sprüngli AG completed its buyback program which was launched on 12 March 2018. In total, 536 registered shares and 64'771 participation certificates were bought back.
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
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.
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