Press release
The
Swatch Group Ltd.: Closing of the existing share repurchase program of
CHF 300 million by November 22,
2006 Biel/Bienne,
November 23, 2006
Under the completed share repurchase program, which ran from March 24,
2006 to November 22, 2006, 704’000 bearer shares with a nominal value
of CHF2.25 each, and 3’430’000 registered shares with a nominal value
of CHF 0.45 each have been repurchased by Swatch Group.
The shares were repurchased after deduction of the Swiss federal withholding
tax.
The intended use of the shares repurchased, will be determined at a later
date. Herewith, and without time limitation, Swatch Group retains the
full range of possibilities for the use of the repurchased shares (e.g.
capital reduction, acquisitions, equity-linked transactions, employee
participation or resale).
Contacts
Edgar Geiser, CFO, et Thomas Dürr, Corporate Treasurer
The Swatch Group AG, Biel-Bienne
Tél. +41 32 343 68 11, fax +41 32 343 69 16
e-mail : investor.relations@swatchgroup.com
Béatrice
Howald, Head of PR/Press, Swatch Group
+41 32 343 68 33, Fax +41 32 343 69 22
E-mail: press@swatchgroup.com
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