Share Buyback Program

Please find the reporting on Lindt & Sprüngli buyback programs of own shares and participation certificates.

Lindt & Sprüngli Share Buyback 2021/2022

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.

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 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.

 

 

Completed Share Buyback Program 2018/2019

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.

Download the monthly reporting here:

Completed Share Buyback Program 2013/2014

On December 12, 2014 Chocoladefabriken Lindt & Sprüngli AG has successfully completed its share buyback program which was launched on November 4, 2013. In total, 23 registered shares and 12’730 participation certificates were bought back. The total buyback volume aggregated to CHF 54.56 m. The buyback of registered shares and participation certificates of Chocoladefabriken Lindt & Sprüngli AG was executed via second trading lines on SIX Swiss Exchange.

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:


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

On 20.12.2012, Chocoladefabriken Lindt & Sprüngli Aktiengesellschaft completed its buyback programme which was launched on 1 April 2011. In total, 3’889 registered shares and 75’253 participation certificates were bought back. The total buyback volume aggregated to CHF 326.6 m. The buyback was executed via a second trading line on SIX Swiss Exchange Ltd each for the registered shares and the participation certificates of Lindt & Sprüngli.

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:


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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