Share Buyback Program 2007
Zurich, July 3, 2007 – Zurich Financial Services has completed the share buyback program of CHF1.25 billion announced on February 15, 2007. Between February 22, 2007 and July 2, 2007, Zurich Financial Services has bought back 3,432,500 of its registered shares via a second trading line of virt-x and at an average price of CHF 364 (rounded) per share. The number of repurchased shares reflects 2.36 % of the share capital issued at the end of June. Zurich Financial Services will submit a proposal to its shareholders at the Annual General Meeting 2008 to reduce the share capital in the amount of the repurchased shares and to cancel the shares.
Weekly update
Number of shares
repurchased |
Amount in CHF
millions |
| 19/02/2007 |
100,000 |
36.67 |
366.66 |
| 26/02/2007 |
435,000 |
151.43 |
348.12 |
| 05/03/2007 |
150,000 |
51.00 |
340.02 |
| 12/03/2007 |
350,000 |
118.40 |
338.29 |
| 19/03/2007 |
250,000 |
86.80 |
347.20 |
| 26/03/2007 |
250,000 |
87.70 |
350.78 |
| 02/04/2007 |
170,000 |
60.20 |
354.12 |
| 09/04/2007 |
none |
- |
- |
| 16/04/2007 |
none |
- |
- |
| 23/04/2007 |
none |
- |
- |
| 30/04/2007 |
none |
- |
- |
| 07/05/2007 |
none |
- |
- |
| 14/05/2007 |
7,500 |
2.89 |
385.08 |
| 21/05/2007 |
300,000 |
115.86 |
386.18 |
| 28/05/2007 |
255,000 |
96.22 |
377.32 |
| 04/06/2007 |
365,000 |
136.26 |
373.32 |
| 11/06/2007 |
220,000 |
82.82 |
376.45 |
| 18/06/2007 |
300,000 |
117.09 |
390.29 |
| 25/06/2007 |
280,000 |
106.10 |
378.95 |
