Altin AG has repurchased 248,279 of its shares for a total of $12 million or roughly 5% of share capital in a share buyback that began last July.
The average purchase price per share was 51.05 Swiss francs or $48. The buyback programme was originally slated to total up to 10% of share capital and a resolution on a reduction in capital as per the volume achieved from the buyback initiative is expected to pass at the 2010 annual general meeting.
Altin AG is listed on the Swiss and London stock exchanges and was launched in 1996. Invested