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| Schindler to end buyback Schindler Holding, the second largest maker of escalators and elevators in the world, will end the buyback started on SIX Swiss Exchange on January 3, 2007, as of December 30, 2009. The Board of Directors of Schindler Holding Ltd. has also approved a new buyback programme. Under this programme, from January 4, 2010, a maximum of 7,177,670 registered shares and a maximum of 4,860,940 bearer participation certificates with a par value of CHF 0.10 each can be bought back via two separate trading lines on SIX Swiss Exchange. This corresponds to 10% of the registered share capital and participation capital respectively. If less than 10% of the registered share capital is offered, Schindler Holding Ltd. will be entitled to buy back more than 10% of the participation capital. However, the buybacks may not in total exceed 10% of the nominal capital. write your comments about the article :: © 2009 Construction News :: home page |