Adecco completes share buyback programme of EUR 250 millionJanuary 21, 2016
Adecco completes share buyback programme of EUR 250 million
Zurich, Switzerland, January 21, 2016: the Adecco Group, the world’s leading provider of Human Resources solutions, today announces that it has completed the EUR 250 million share buyback programme launched in November 2014.
Under this share buyback programme, the Adecco Group repurchased 3,895,500 of its shares (equal to 2.18% of the share capital at launch of the share buyback programme) via a second trading line on SIX Swiss Exchange. The average purchase price per share excluding commissions was CHF 70.22.
The shareholders of Adecco S.A. will resolve on the reduction of share capital through cancellation of the remaining 3,318,750 repurchased shares that were not already cancelled by the Annual General Meeting 2015 (576,750 shares).