Addecco Finishes 250 Million Euro Share Repurchase and Commences New Share Repurchase Programme worth up to 250 Million Euros
Adecco Launches New Share Repurchase Program
In a recent announcement, global workforce solutions provider Adecco has launched a new share repurchase program, with a total value of up to €250 million. The program, set to be completed by November 10, 2017, will take place on the existing second trading line on SIX Swiss Exchange.
The program involves the purchase of Adecco shares, with the prices subject to a Swiss federal withholding tax of 35% on the difference between the repurchase price and the nominal value of CHF 1.00. Repurchased shares will be cancelled after formal shareholder approval.
Adecco has emphasised that the forward-looking statements in this release, including the share repurchase program, are not guarantees of future performance. Numerous factors could cause or contribute to such differences, and actual results could differ materially from current expectations.
Investors seeking further information about the share repurchase program are encouraged to contact Adecco's Corporate Investor Relations at [email protected] or +41 (0) 44 878 89 89.
In terms of financial results, Adecco has announced that the Q1 2015 results will be announced on May 7, 2015, the Q2 2015 results on August 11, 2015, the Q3 2015 results on November 5, 2015, and the Q4 2014 results on March 11, 2015. The Annual General Meeting is scheduled for April 21, 2015, and the 2015 General Shareholders Meeting will resolve on the cancellation of remaining repurchased shares from the 2014 meeting.
This announcement does not contain any advertisements and is purely for informational purposes. Adecco reminds investors that these forward-looking statements involve risks and uncertainties, and investors should carefully consider these factors before making investment decisions.
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