VP Bank: buyback of shares on the ordinary trading line
At the annual general meeting of shareholders held on 24 April 2015, the shareholders authorised the Board of Directors of VP Bank AG to buy back registered shares up to a maximum of 10% of the share capital. VP Bank has decided to make use of this authorisation and build on the two previously successful programmes carried out in 2015. The buyback programme for the registered shares A on the ordinary trading line on the SIX Swiss Exchange will run from 7 June 2016 up to 31 May 2017.
Within the framework of the public share buyback programme, VP Bank AG is prepared to acquire a maximum of 120,000 registered shares A. However, VP Bank’s holdings of registered shares A will not exceed the amount permitted under the above-mentioned authorisation given by the annual general meeting of shareholders at any time (up to a maximum of 601,500 shares, which corresponds to 10% of all registered shares A). The repurchased registered shares A are to be used for future acquisitions or for treasury management purposes. VP Bank AG has engaged Zürcher Kantonalbank to carry out the buybacks of the listed registered shares A.