Publigroupe destroys own shares
The 167,211 treasury shares acquired as part of the share buyback program were canceled on July 11, 2013. As a result, Publigroupe’s share capital now amounts to 2,339,848 Swiss francs.
The capital is divided into 2,339,848 fully paid-up registered shares with a nominal value of one franc each. On April 30, 2013, Publigroupe's Annual General Meeting approved the Board of Directors' proposal to reduce the capital by canceling the repurchased shares, as detailed in a press release. The cancellation of the treasury shares acquired as part of the share buyback program was carried out on 11 July 2013 after the legal formalities had been completed.
In January 2013, PubliGroupe launched a share buyback program of up to 25 million shares, which was successfully completed on 22 March 2013. 167,211 shares were bought back via the second trading line, corresponding to 6.67% of the share capital before the reduction.
