On November 14, 2006, Sulzer Ltd initiated a share buyback program and has since then repurchased 119 650 registered Sulzer shares (3.29% of the total voting rights and share capital) via a second trading line. This position will be extended further in order to realize the announced volume of the program of CHF 300 million. The repurchased shares will be cancelled and the share capital reduced at the general shareholders’ meeting in 2007 and potentially 2008.
The remaining 72 139 treasury shares are primarily held for the purpose of the management option plan. Sulzer is now in possession of 5.27% of its shares.
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