on SoftwareONE Holding AG
SoftwareOne Finalizes CHF 70 Million Share Buyback Initiative
On 22 November 2024, SoftwareOne Holding AG, a prominent software and cloud solutions provider, announced the completion of its CHF 70 million share buyback programme, which began on 22 May 2023. This significant financial maneuver involved repurchasing 4,398,263 registered shares, representing 2.77% of the company's share capital. The shares were acquired on the SIX Swiss Exchange for CHF 69.1 million, averaging CHF 15.72 per share.
SoftwareOne plans to seek shareholder approval to cancel the repurchased shares at the next shareholders' meeting. The company's latest move demonstrates strategic financial management, aiming to enhance shareholder value by reducing the share capital, pending shareholder consent.
R. H.
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