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The Board of Directors of Julius Baer Group Ltd., Bahnhofstrasse 36, 8001 Zurich, (“Julius Baer” or the “Company”) has approved on 18 November 2019 to buy back own registered shares with a nominal value of CHF 0.02 (the “registered shares”) of up to a maximum acquisition cost of CHF 400 million until 26 February 2021 at the latest (the “share buyback programme”).
Based on the closing price of the registered shares on SIX Swiss Exchange Ltd. on 15 November 2019, this corresponds to a maximum of 8,521,516 registered shares or a maximum of 3.81% of the share capital of the Company, which amounts to CHF 4,476,188.96 and is divided into 223,809,448 registered shares with a nominal value of CHF 0.02 each. Due to the future share price development, the number of effectively repurchased registered shares may differ from the stated number of registered shares; however, under no circumstances will more than 10% of the share capital and voting rights currently entered in the commercial register be repurchased under the share buyback programme.
At next annual general meetings, the Board of Directors will propose a capital reduction by cancelling share capital in the amount of the buyback volume under this share buyback programme.
Further details on the programme can be found in the official announcements, which can be accessed using the following links:
Julius Baer registered shares on the second line
|Julius Baer Group Ltd.||Swiss Securities No||ISIN||Ticker|
|Ordinary trading line||10.248.496||CH0102484968||BAER|
|Second trading line||12.664.577||CH0126645776||BAERE|
Publication of transactions
Share buy-back transactions will be reported on a regular basis under the following link:
Maximum daily repurchase volume
Julius Baer is limited to repurchasing maximum of 194,528 shares per day (calculated in accordance with TOB Circular No. 1 [23a]).