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| Schindler extends buyback program Swiss lift and escalator maker Schindler extends the buyback program authorized on December 11, 2006 for the purchase of up to 10% of its nominal capital for another year, i.e. to December 30, 2009. The repurchase of a maximum of 10% of the registered share capital and 10% of the participation capital respectively, will take place, as before, via the two second trading lines set up on SIX Swiss Exchange. In the event that less than 10% of the registered share capital is offered, Schindler Holding Ltd. is entitled to buy back more than 10% of the participation capital. However, not more than 10% of the nominal capital may be repurchased. The transaction will be handled by UBS Investment Bank, a business group of UBS AG. write your comments about the article :: © 2008 Construction News :: home page |