Share Buy-Back

Share Buy-Back

The shareholders have approved at Gottex extraordinary general meeting (EGM), held on 8 August 2012 the resolution, which authorise the Company to acquire up to the maximum of 1,750,000 Shares.

IT IS HEREBY RESOLVED BY ORDINARY RESOLUTION THAT the Company be and is authorised in accordance with section 315 of the Law) to make market acquisitions (within the meaning of section 316 of the Law) of fully paid shares of CHF 1.00 each in the Company (Shares) on such terms and in such manner as the directors shall from time to time determine (Market Purchases), provided that:

  • the maximum number of Shares authorised to be acquired is 1,750,000 Shares
  • the minimum price to be paid for Market Purchases of each Share shall be the average market price of the Shares on the SIX Swiss Exchange (Exchange) on the most recent trading day before the purchase is made, minus 10% of that price;
  • the maximum price to be paid for Market Purchases of each Share will be the average market price of the Shares on the Exchange on the trading day before the purchase is made, plus 10% of that price
  • on any given trading day, Market Purchases shall be limited to a maximum of 25% of the average daily trading volume of the Shares on the Exchange calculated by reference to the previous 30 trading days, and otherwise Market Purchases shall be conducted in accordance with the Law; and
  • such authority shall expire on the earlier of 8 February 2014 or the conclusion of t/he Company's annual general meeting in 2013

Please find below the details of the share buyback program:

PeriodShares bought
13/08/2012 7,000
14/08/2012 3,000
15/08/2012 7,000
16/08/2012 7,000
17/08/2012 32,000
20/08/2012 21,000
21/08/2012 15,000
22/08/2012 4,000
23/08/2012 15,000
24/08/2012 10,000
27/08/2012 15,000
28/08/2012 15,000
13/09/2012 5,000
14/09/2012 5,000
17/09/2012 10,000
18/09/2012 10,000
19/09/2012 10,000
20/09/2012 10,000
21/09/2012 10,000
24/09/2012 10,000
25/09/2012 7,500
26/09/2012 7,500
27/09/2012 7,500
28/09/2012 7,500
01/10/2012 7,500
02/10/2012 7,500
03/10/2012 7,500
04/10/2012 7,500
05/10/2012 7,500
22/10/2012 7,500
23/10/2012 7,500
24/10/2012 7,500
25/10/2012 7,500
26/10/2012 7,500
29/10/2012 7,500
30/10/2012 7,500
31/10/2012 7,500
01/11/2012 7,500
02/11/2012 7,500
05/11/2012 7,500
06/11/2012 7,500
07/11/2012 7,500
08/11/2012 7,500
09/11/2012 7,500
12/11/2012 7,500
13/11/2012 7,500
14/11/2012 7,500
15/11/2012 7,500
16/11/2012 7,500
19/11/2012 7,500
20/11/2012 7,500
21/11/2012 7,500
22/11/2012 7,500
23/11/2012 7,500
26/11/2012 7,500
27/11/2012 7,500
28/11/2012 7,500
29/11/2012 7,500
30/11/2012 7,500
03/12/2012 7,500
04/12/2012 7,500
05/12/2012 7,500
06/12/2012 7,500
07/12/2012 7,500
10/12/2012 7,500
11/12/2012 7,500
12/12/2012 7,500
13/12/2012 7,500
14/12/2012 7,500
17/12/2012 7,500
18/12/2012 7,500
19/12/2012 7,500
20/12/2012 7,500
21/12/2012 7,500
27/12/2012 7,500
28/12/2012 7,500
03/01/2013 7,500
04/01/2013 7,500
07/01/2013 7,500
08/01/2013 7,500
09/01/2013 7,500
10/01/2013 7,500
11/01/2013 7,500
14/01/2013 7,500
15/01/2013 7,500
16/01/2013 7,500
17/01/2013 7,500
18/01/2013 7,500
21/01/2013 7,500
22/01/2013 7,500
23/01/2013 7,500
24/01/2013 7,500
25/01/2013 7,500
28/01/2013 7,500
29/01/2013 7,500
30/01/2013 7,500
31/01/2013 7,500
01/02/2013 7,500
04/02/2013 7,500
05/02/2013 7,500
06/02/2013 8,214
07/02/2013 8,214
08/02/2013 8,214
11/02/2013 8,214
12/02/2013 8,214
Total 862,070