Swiss private bank Julius Baer completed a stock buyback program launched in March of last year.
Julius Baer said that it completed its most recent stock buyback program yesterday, with the cancellation of the shares to be proposed at its annual general meeting on April 13, the Swiss private bank announced.
Under the program, a total of 7,799,460 shares were repurchased at an average price of 51.29 Swiss francs ($54.7) for a total price tag of 400 million francs. The transactions were done on the second trading line on the SIX Swiss Exchange and carried out by the Zuercher Kantonalbank (ZKB).
2021 Buyback Program
The cancellation of the 7,423,208 Group shares bought back under the 2021 share buy-back program was executed effective June 27 of last year, resulting in a reduction of outstanding shares to 213,801,240.
