Connect with us

Finance

Nestlé Will Start New Share Buyback Program Of Up To CHF 20 Billion On January 3, 2022

Nestlé

c S.A. terminated its existing share buyback program initiated on January 3, 2020. Since January 3, 2020, Nestlé S.A. has repurchased 123,081,800 of its shares for a total of CHF 13,057 billion at an average price of CHF 106.08 per share, almost two-thirds of the anticipated CHF 20 billion existing program volume.

A total of 71,973,941 repurchased shares were canceled by the Annual General Meetings held on April 23, 2020, and on April 15, 2021. As a result, the share capital of Nestlé S.A. has been reduced to CHF 281,500,000 at the present time. The Annual General Meeting 2022 of Nestlé S.A. will decide upon the cancellation of the remaining 51,107,859 shares repurchased under the share buyback program terminated.

As announced on December 7, 2021, Nestlé S.A. will start a new share buyback program of up to CHF 20 billion on January 3, 2022. The company expects to buy around CHF 10 billion of shares in the first twelve months. The new share buyback program shall be completed by the end of December 2024.

Concurrently with this press release, Nestlé S.A. has published the details of the program in a buyback notice. The volume of monthly share buybacks will depend on market conditions. Should any sizable acquisitions take place, the amount of the share buyback program will be adjusted accordingly.

Source: Nestle

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published.

Text Translator

Awards Ceremony

Click on the Image to view the Magazine

Global Brands Magazine Awards Ceremony


Global Brands Magazine is a leading brands magazine providing opinions and news related to various brands across the world. The company is head quartered in the United Kingdom. A fully autonomous branding magazine, Global Brands Magazine represents an astute source of information from across industries. The magazine provides the reader with up- to date news, reviews, opinions and polls on leading brands across the globe.


Copyright - Global Brands Publications Limited © 2022. Global Brands Publications is not responsible for the content of external sites.

Translate »