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Share buyback programs

Share buyback program 2021-2022

As announced on May 18, 2021 the Board of Directors of Sonova Holding AG has decided to initiate a share buyback program with a maximum overall value of CHF 700 million. The shares will be repurchased for the purpose of a capital reduction, subject to approval by future Annual General Shareholders’ Meetings. The buyback will be conducted via a separate trading line on the SIX Swiss Exchange until March 28, 2022. Shares sold via the second trading line are subject to the Swiss federal withholding tax of 35% on the difference between the repurchase price and the nominal value of CHF 0.05.

You can find detailed information on the share buyback program in the official notices (German, French).

Inserat: Rückkauf eigener Aktien zum Zweck der Kapitalherabsetzung
Annonce: Rachat d'actions propres en vue d'une réduction de capital 

The maximum repurchase volume per day in accordance with art. 123 para. 1 lit. c of the Financial Market Infrastructure Ordinance (FMIO) is 58,272 registered shares.

Transactions conducted during the share buyback program within and outside the program can be viewed in the document below:

  • Share buyback program 2018-2021

    On May 18, 2021, Sonova announced the conclusion of its share buyback program, which was announced on August 31, 2018.

    A total of 2,775,840 registered shares with a nominal value of CHF 0.05 each were repurchased at an average price paid per share of CHF 206.05, corresponding to 4.25% of the share capital when the share buyback program was launched. The value of the shares repurchased was approx. CHF 572 million. The registered shares were repurchased on SIX Swiss Exchange on a second trading line. Of these 2,775,840 shares, 932,750 shares were cancelled by way of capital reduction resolved at the Annual General Shareholders' Meeting on June 13, 2019; 1,225,980 shares were approved for cancellation by way of capital reduction to be resolved at the Annual General Shareholders' Meeting on June 15, 2021; 417,110 shares were distributed in the form of a stock dividend as resolved by the Annual General Shareholders' Meeting on June 11, 2020; and 200,000 shares were repurposed and used for settling RSUs and options under employee participation plans.

    Transactions conducted during the share buyback program within and outside the program can be viewed in the document below:

  • Share buyback program 2014 - 2017

    On December 1, 2017, Sonova announced the conclusion of its share buyback program with a maximum overall value of CHF 500 million, which was initiated on December 1, 2014.

    During the buyback program, Sonova repurchased a total of 1,842,400 registered shares (equivalent to 2.74% of the share capital as per the beginning of the buyback program) for a total amount of CHF 241.0 million at an average purchase price of CHF  130.81 per share. The registered shares were repurchased on SIX Swiss Exchange on a second trading line. Sonova has cancelled all 1,842,400 registered shares repurchased on the second trading line.

     

  • Share buyback program 2007 - 2009

    On November 9, 2009, Sonova announced that it is terminating the share buyback program for up to 10% of its share capital which started on September 20, 2007 with immediate effect.

    A total of 2,113,500 registered shares with a nominal value of CHF 0.05 each were repurchased at an average price paid per share of CHF 94.98, corresponding to 3.15% of share capital when the buyback program was launched. The value of the shares repurchased was CHF 200.7 million. The repurchase was carried out via a second trading line on SIX Swiss Exchange AG set up especially for the share buyback. All shares bought back have been cancelled.