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SYNGENTA ISSUES REPORT ON ITS SHARE BUY BACK PROGRAM
Jan. 3, 2013
Source: Syngenta news release
Syngenta has completed the share repurchases authorized by the Annual General Meeting on April 22, 2008. The authorization allowed for the repurchase of up to
10 percent of outstanding shares.
In total, 1,487,200 shares were repurchased between March 8, 2010 and end December 2012 through a second trading line on the SIX Swiss Exchange. This represents 1.5 percent of outstanding shares at the time of authorization and a total amount of $402 million.
In accordance with motions passed at the Annual General Meetings on April 19, 2011 and April 24, 2012 a total of 1,473,700 shares have been canceled. The company plans to propose the cancellation of the remaining 13,500 shares at a subsequent Annual General Meeting.
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