Press Release | Lindt & Sprüngli announces buyback program
Kilchberg, March 6th, 2018, The Board of Directors of Chocoladefabriken Lindt & Sprüngli AG decided to execute a buyback program for Lindt & Sprüngli registered shares and participation certificates (PC’s) in the amount of CHF 500 million. The repurchase is expected to start on March 12th, 2018 and lasts until July 31st, 2019. For the buyback, a separate trading line for each of the registered shares and PC's will be opened on SIX Swiss Exchange AG in accordance with the International Reporting Standard. The buyback is based on the high liquidity, solid balance sheet of Lindt & Sprüngli and for the purpose of a capital reduction. The repurchased shares and PC’s will be destroyed. The ordinary trading of registered shares and PC’s is not affected by this measure and is carried normally. The Board of Directors also intends to maintain its existing dividend policy.