Recruitment giant, Adecco, finishes a EUR 400 million share buyback programme and initiates a new one, valued up to EUR 250 million.
In a recent development, staffing solutions giant Adecco S.A. has announced a new share buyback program. The program will be executed on the existing second trading line on SIX Swiss Exchange.
Share buybacks, also known as stock repurchases, are corporate actions where a company buys back its own shares from the market. The primary purposes of such actions include increasing share price, returning value to shareholders, and employee compensation plans.
The process typically involves authorisation from the company's board of directors, implementation through open market purchases or tender offers, and cancellation or retirement of the shares. It's worth noting that the specific details of Adecco's 2014 share buyback program, including its purpose, details, tax implications, and the process for share cancellation, are not readily available.
For those interested in more specific details about Adecco's share buyback program, historical press releases, financial reports, or regulatory filings from that period are recommended. Alternatively, information can be obtained from the company's Corporate Investor Relations, which can be contacted at [email protected] or +41 (0) 44 878 89 89.
The new buyback program of up to EUR 250 million will see repurchased shares being cancelled after formal shareholder approval. It's important to note that the shares purchased on the second trading line are subject to the Swiss federal withholding tax of 35% on the difference between the buyback price of the company's share and its nominal value of CHF 1.00.
Investors should also be aware that this buyback program involves forward-looking statements, which may involve guidance, expectations, beliefs, plans, intentions, or strategies regarding the future. These statements involve risks and uncertainties and are based on information available as of the date of the release. Factors that could affect the company's forward-looking statements include, but are not limited to, global GDP trends, changes in regulation, intense competition, integration of acquired companies, changes in ability to attract and retain personnel or clients, IT disruptions, and adverse developments in commercial relationships, disputes, or legal and tax proceedings.
Actual results could differ materially from current expectations due to numerous factors. Press inquiries can be directed to the Corporate Press Office at [email protected] or +41 (0) 44 878 87 87.
In conclusion, Adecco S.A.'s new share buyback program is a strategic move aimed at increasing shareholder value and potentially boosting stock prices. However, investors are advised to carefully consider the risks and uncertainties associated with such programs and to consult historical documents or the company's investor relations for specific details.
The new share buyback program of Adecco S.A. is a strategic business move aimed at increasing shareholder value and potentially boosting stock prices. This investing decision will involve forward-looking statements that may be subject to risks and uncertainties, requiring investors to carefully consider these factors and consult historical documents or the company's investor relations for specific details.
In this financial strategy, repurchased shares will be cancelled after formal shareholder approval, with the shares purchased on the second trading line subject to the Swiss federal withholding tax of 35% on the difference between the buyback price and the shares' nominal value of CHF 1.00.
