Top Stories
Holcim launches share buyback of up to 2 billion Swiss francs
Global Banking & Finance Review®
Company
ZURICH (Reuters) – Holcim will launch on Monday its previously announced share buyback programme worth up to 2 billion Swiss francs ($2.08 billion), the cement group said on Friday.
ZURICH (Reuters) – Holcim will launch on Monday its previously announced share buyback programme worth up to 2 billion Swiss francs ($2.08 billion), the cement group said on Friday.
Holcim plans to repurchase up to 40 million shares until May 2023, to be approved for cancellation at the annual general meeting in May 2023. The volume of monthly share buybacks would depend on market conditions, it said.
($1 = 0.9634 Swiss francs)
(Reporting by Michael Shields, editing by John Revill)
A share buyback is when a company purchases its own shares from the marketplace, reducing the number of outstanding shares. This can increase the value of remaining shares and is often used to return capital to shareholders.
Equity refers to the ownership value in an asset or company, typically represented by shares. In a corporate context, equity can also refer to the shareholders' stake in the company.
Corporate governance is the system of rules, practices, and processes by which a company is directed and controlled. It involves balancing the interests of stakeholders such as shareholders, management, and customers.
Financial management involves planning, organizing, directing, and controlling the financial activities of an organization. It includes managing the company's finances, investments, and capital structure.
A general meeting is a gathering of shareholders or members of a company where important decisions are made, including the approval of financial statements, dividends, and other corporate actions.
Explore more articles in the Top Stories category
