VP Bank: buyback of shares on the standard trading line complete
· Ad hoc announcement pursuant to Art. 53 LR
VP Bank has completed the share buyback programme on the standard trading line announced on 6 June 2016. As of 31 May 2017, the Bank holds 8.66 per cent of its own share capital.
On 6 June 2016, VP Bank Ltd announced a share buyback programme limited to a maximum of 120,000 own registered shares A with a nominal value of CHF 10 each. A total of 88,835 registered shares A were repurchased between 7 June 2016 and 31 May 2017, corresponding to 1.34 per cent of the capital recorded in the commercial register or 0.74 per cent of the voting rights. As a result, VP Bank Ltd holds 560,135 own registered shares A and 127,812 own registered shares B (8.66 per cent of the capital and 5.72 per cent of the voting rights) directly or indirectly as of 31 May 2017. The repurchased registered shares A are to be used for future acquisitions or for treasury management purposes.