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Zurich (awp) – Castle Private Equity (CPE) has completed the CHF 17.50 fixed share buyback program announced last October. As the offer was exceeded, the sellers will be served on a pro rata basis, said CPE Tuesday night.
The program was extended from November 13 to 27 and the objective was to buy back 4.34 million shares or 42.1% of the outstanding share capital. In total, 5.7 million shares or 31.7% of the capital were offered.
The shares that were bought back will be destroyed after a decision of the general meeting of 2019. The program of repurchase of shares on a second line of trade which had been interrupted will resume Wednesday, specified CPE.
tp / rw / rp / lk
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