SIX Swiss Exchange listed BFW Liegenschaften AG announced a share buy-back program at a fixed price related to a maximum of 519’125 listed registered class A shares, corresponding to a maximum of 10% of BFW Liegenschaften AG’s issued share capital.
As per 22 March 2017, each listed registered class A share was assigned one put-option respectively each non-listed class B share was assigned 0.1 put-option free of charge whereby 10 put-options entitled the holder to tender one listed class A share in the share buy-back program. The execution of the put-options took place on 6 April 2017.
A total of 514’492 listed registered class A shares have been tendered, corresponding to 9.91% of the issued share capital with an equivalent value of CHF 24.18 million.
The shares repurchased under the share buy-back program shall be cancelled by way of a share capital reduction to be resolved at the latest by the shareholders’ meeting 2018.
FRORIEP acted as BFW Liegenschaften AG’s legal counsel in connection with the public share buy-back program with a team led by partner Dr. Catrina Luchsinger Gähwiler (picture) and senior associate Dr. Mark Montanari (both Capital Markets).
Law Firms: Froriep;
Clients: BFW Liegenschaften AG;