Share Buyback Program 2008
On 14 February 2008, Zurich Financial Services announced a repurchase of CHF 2.2 billion or approximately USD 2 billion worth of shares over the course of 2008. At the closing price of CHF 303.75 on February 13, 2008, this would represent 7.24 million shares or approximately 5.0% of shares issued on December 31, 2007.
The share buyback is being carried out on a second trading line on SWX Europe, with Zurich Financial Services as the exclusive buyer on this line. Shares purchased on the second trading line are subject to the Swiss federal withholding tax rate of 35 percent on the difference between the repurchase price of the Zurich Financial Services registered share and its nominal value of CHF 0.10.
Zurich Financial Services shares trade on a second trading line on SWX Europe:
|
SWX Europe symbol: |
ZURNE |
|
ISIN: |
CH0037534432 |
|
Swiss security number (Valorennummer): |
3 753 443 |
|
Weekly update
| Number of shares repurchased |
Amount in CHF millions |
| 28/04/2008 |
None |
- |
- |
| 21/04/2008 |
900,000 |
280.93 |
312.15 |
| 14/04/2008 |
100,000 |
31.74 |
317.42 |
| 07/04/2008 |
None |
- |
- |
| 31/03/2008 |
None |
- |
- |
| 24/03/2008 |
None |
- |
- |
| 17/03/2008 |
200,000 |
60.42 |
302.10 |
| 10/03/2008 |
250,000 |
77.35 |
309.40 |
| 03/03/2008 |
250,000 |
79.15 |
316.60 |
| 25/02/2008 |
250,000 |
83.00 |
331.98 |
| 18/02/2008 |
50,000 |
16.02 |
320.32 |
