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mobilezone holding ag / Key word(s): Share Buyback
Ad-hoc announcement pursuant to Art. 53 Listing Rules
Rotkreuz, 21 June 2022
mobilezone is launching a new share buyback program worth a maximum of CHF 45 million over the period from 2022 to mid-2025. The first tranche of a maximum of CHF 12 million is expected to start immediately after publication of the 2022 half-year report.
As part of our shareholder remuneration strategy, mobilezone intends to return surplus capital in addition to attractive dividends. The new share buyback program underscores mobilezone's confidence in continuing to generate high cash flow. mobilezone is continuing to pursue a conservative financing policy and assumes that it will continue to have sufficient financial resources and a solid balance sheet to make operational investments and any additional value-creating acquisitions.
The new share buyback program will be financed by free cash flows. mobilezone intends to buy back shares worth a maximum of CHF 45 million over a maximum of three years. The start is planned immediately after publication of the 2022 half-year report. Shares will be bought back on the SIX Swiss Exchange via a separate trading line. The buyback is taking place for the purpose of capital reduction, which is subject to the approval of future general assembly meetings.
The Board of Directors intends to retain the current dividend policy, to distribute 60 to 75 per cent of the net profit to shareholders in the form of dividends and to return surplus capital below a net debt/EBITDA ratio of 1 to shareholders via special dividends or share buybacks.
In the event of an attractive, large acquisition or a deterioration of the geopolitical situation, mobilezone reserves the right to suspend the buyback - or adjust the value of the program accordingly.
The mobilezone group employs around 1,000 employees at the locations in Rotkreuz, Urnäsch, Zweidlen, Berlin, Bochum, Cologne and Münster. Its product range includes a complete assortment of mobile phones and tariff plans for mobile and fixed-line telephony, digital TV, and Internet from all providers. Providing independent consulting and services for private and business customers, providing repair services, and supplying specialist retailers round out its product range. The services and products are provided online via various web portals and in over 120 shops of its own in Switzerland.
End of ad hoc announcement
mobilezone holding ag
041 400 24 24
SIX Swiss Exchange
EQS News ID:
End of Announcement
EQS News Service