On 16 March 2017, the Board of directors acknowledged the achievement of the maximum volume admitted by the past resolutions in terms of purchasing of treasury shares, resolving that the buyback program in force at that time should end on 21 April 2017. The Company proposes the approval of a new buyback program, beginning on 3 May 2017 and ending on 26 April 2019, to acquire - through purchases on SIX Swiss Exchange, through privately negotiated transactions or in one or more self tender offers - up to a maximum of 1,153,372 shares of the Company, for a price not less than the nominal value of a share, and not greater than the average closing price of a share on SIX Swiss Exchange during the 5 (five) trading days prior to the date of acquisition plus a 10% premium.

According to Article 123 x(1) (c) FMIO the maximum buyback volume per day is 1,844 shares.

On 21 April, 2017 the number of shares repurchased was 1,320,481 at an average price of CHF 14.51 equal to an investment of CHF 19,162,796 (EUR 17,959,508).

Buyback Newspaper – May 2017

Buyback Newspaper – April 2016

Buyback Newspaper Update - June 2015

Buyback Newspaper – August 2014

June
Date of purchase
No. of shares VWAP (CHF) Highest price (CHF) Lowest price (CHF)
Total amount paid (CHF)
01 June 2017
1,000
13.33 13.40
13.30 13,336
02 June 2017 1,000
13.44
13.50
13.40
13,445
02 June 2017
40,000  13.50
13.50  13.50  540.000
06 June 2017 1,000

13.35

13.50 13.30 13,359
07 June 2017  1,000
13.30  13.30  13.30 13,300
08 June 2017  1,000 13.24 13.30 13.20 13,242
09 June 2017
1,000
13.26 13.30
13.20
13,268
12 June 2017 1,000 13.28
13.35
13.20 13,288
13 June 2017  1,000  13.29  13.35
13.25  13,298
14 June 2017  1,000  13.30  13.45  13.30 13,303 
15 June 2017  1,000  13.42  13.55  13.35  13,426 
16 June 2017
1,000
13.22  13.30  13.20  13,227 
19 June 2017  1,000  13.20  13.30  13.10  13,200
20 June 2017  1,000  13.18 13.20
13.15
13,183 
21 June 2017
1,000  13.08 13.15
13.05  13,086 
22 June 2017  1,000  13.05  13.10  12.95  13,053 
May
Date of purchase
No. of shares VWAP (CHF) Highest price (CHF) Lowest price (CHF)
Total amount paid (CHF)
03 May 2017
1,844
13.89 14.00
13.75 25,628
04 May 2017 1,844
13.59
13.70
13.50
25,705
05 May 2017
1,844  13.57
13.65  13.50  25.026 
08 May 2017  1,844
13.62  13.70  13.50  25,130
09 May 2017  1,844
13.67  13.75  13.65  25,211
10 May 2017  1,844  13.59 13.70  13.45  25,062 
11 May 2017
1,844
13.66  13.70
13.60
25,203 
15 May 2017  40,000 13.65
13.65
13.65  546,000 
16 May 2017  1,000 13.61 13.70  13.50  13,619
17 May 2017 1,000 13.65 13.70  13.50
13,650
18 May 2017
1,000 13.53 13.60  13.45  13,534 
19 May 2017
1,000
13.47
13.55 13.40 13,473
22 May 2017  1,000 13.54 13.60 13.40 13,544
23 May 2017  1,000 13.40
13.55
13.30 13,410
24 May 2017 1,000  13.33 13.40  13.25
13,336
26 May 2017  1,000
13.41
13.50 13.35 13,417
29 May 2017 1,000 13.34 13.40 13.25 13,345
30 May 2017 1,000 13.30 13.40 13.20 13,306
31 May 2017 1,000 13.27 13.40 13.25 13,327
April
Date of purchase
No. of shares VWAP (CHF) Highest price (CHF) Lowest price (CHF)
Total amount paid (CHF)
03 Apr 2017
4,000
14.60 14.90
14.45 58,428
04 Apr 2017 4,000
14.67
14.75
14.60
58,718
05 Apr 2017 4,000 14.67 14.75
14.65 58,714
06 Apr 2017
4,000 14.59 14.65 14.55
58,389
07 Apr 2017 4,000 15.55 14.60 14.50 58,236
10 Apr 2017 4,000 14.46 14.55 14.35 57,860
11 Apr 2017 4,000 14.32 14.45 14.00 57,311
12 Apr 2017 4,000 14.31
14.40 14.20 57,255
13 Apr 2017 4,000 14.33 14.40 14.30 57,358
18 Apr 2017 4,000 14.37 14.60 14.20
57,498
19 Apr 2017 4,000
14.34  14.40  14.20  57,380 
20 Apr 2017
4,000  14.41  14.50  14.35  57,641 
21 Apr 2017  4,000  14.39  14.50  14.35  57,564 
March
Date of purchase
No. of shares VWAP (CHF) Highest price (CHF) Lowest price (CHF)
Total amount paid (CHF)
01 Mar 2017
4,000
14.87 15.00
14.75 59,504
02 Mar 2017
4,000 14.88
14.90 14.80
59,544
20 Mar 2017 4,000
14.39 14.50
14.25
57,561
21 Mar 2017 4,000 14.42
14.45 14.35 57,688
22 Mar 2017
4,000 14.15 14.45 13.95 56,628
23 Mar 2017 4,000 13.95 14.15 13.85 55,818
24 Mar 2017 4,000 13.99 14.20 13.90 55,986
27 Mar 2017 4,000
13.93 14.05 13.80 55,758
28 Mar 2017
4,000 13.92
14.00 13.85 55,715
29 Mar 2017 4,000 13.89 13.95 13.85
55,595
30 Mar 2017 4,000 13.88 13.95 13.75
55,535
31 Mar 2017 4,000 14.09 14.45 13.85 56,366
February
Date of purchase
No. of shares VWAP (CHF) Highest price (CHF) Lowest price (CHF)
Total amount paid (CHF)
01 Feb 2017
4,000
14.88 15.00
14.70 59,541
02 Feb 2017
4,000 14.89
15.00 14.70
59,571
03 Feb 2017  4,000
14.79  14.90
14.70  59,186
06 Feb 2017
4,000
14.91  15.00
14.85
59,644
07 Feb 2017
4,000 14.92
15.00  14.85
59,683
08 Feb 2017
4,000
14.93  15.00  14.80  59,736
09 Feb 2017  4,000 14.69  14.80  14.60
58,765
10 Feb 2017
4,000  14.75  14.90
14.70
59,036 
13 Feb 2017  4,000  14.92
15.00  14.80
59,705 
14 Feb 2017 4,000  14.83
15.00  14.55  59,326
15 Feb 2017
4,000  14.99
15.20  14.80
59,995
16 Feb 2017
4,000  14.89  14.95  14.90
59,589 
17 Feb 2017
4,000  14.76
14.80 14.65  59,075 
20 Feb 2017  4,000
14.85  14.90  14.75  59,437 
21 Feb 2017
4,000
14.89
14.90  14.75
59,595
22 Feb 2017  4,000  14.83  14.95  14.75
59,329 
23 Feb 2017
4,000 14.79 14.90  14.75
59,184 
24 Feb 2017
4,000
14.74  14.90
14.70
58,995 
27 Feb 2017  4,000  14.76  14.80
14.65
59,061
28 Feb 2017  4,000
14.88  14.90 14.80
59,544 
January
Date of purchase
No. of shares VWAP (CHF) Highest price (CHF) Lowest price (CHF)
Total amount paid (CHF)
16 Jan 2017
4,000
14.30 14.35
14.25 57,216
17 Jan 2017
4,000 14.29
14.35 14.25
57,198
18 Jan 2017  4,000
14.29 14.35
14.25
57,188
19 Jan 2017
4,000
14.47 14.60
14.30
57,916
20 Jan 2017
4,000
14.55  14.90
14.35  58,209
23 Jan 2017  4,000
14.68 14.70
14.60
58,757 
24 Jan 2017 4,000
14.63  14.80  14.60
58,538
25 Jan 2017
4,000  14.86  14.90  14.75
59,467
26 Jan 2017  456  15.05  15.05
15.05    6,863
27 Jan 2017  796
14.98  15.00  14.90  11,928 
30 Jan 2017
3,283  14.93  15.00  14.70
49,041
31 Jan 2017
1,881 14.63
14.80  14.55  27,528 

VWAP = Volume weighted average price

Total number of shares purchased: 118,908
Number of shares issued as per 13 August 2014: 14,622,631
Total number of shares purchased in % of shares issued: 0.81%
Total purchase price: 1,609,309 CHF