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mobilezone holding ag / Key word(s): Share Buyback
Rotkreuz, 16 November 2021
Ad-hoc notification pursuant to Art. 53 Listing Rules
The Board of Directors of mobilezone holding ag decided to implement a share buyback programme of up to 781,213 own registered shares with a nominal value of CHF 0.01 each for the purpose of capital reduction, expected to be starting on Thursday, 18 November 2021.
The buyback volume amounts to a maximum of 781,213 registered shares or 1.74 % of the share capital and voting rights of mobilezone holding ag currently entered in the commercial register. Based on the closing price of the registered shares of mobilezone holding ag on the SIX Swiss Exchange of November 15, 2021 of CHF 12.92, this corresponds to a volume of around CHF 10.1 million.
Markus Bernhard, CEO: «The positive outlook for the current fiscal year with strong free cash flow generation allows us to execute the share buyback program and thus achieve a compression of future earnings per share.»
The Board of Directors intends to propose to the Annual General Meeting on 6 April 2022 the cancellation of the registered shares repurchased until that time under the buyback programme for the purpose of capital reduction.
Trading on a separate line on the SIX Swiss Exchange
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 Group News Service