On 3 February 2012, Bucher Industries AG completed its share buy-back programme, which was launched at the end of May 2011. Altogether, 315 900 registered shares, corresponding to 2.99% of the company's equity, were repurchased for a total consideration of CHF 50.2 million. The average price per share was CHF 159.00.
Subject to approval by the annual general meeting of 12 April 2012, the repurchased shares will be cancelled to reduce the share capital.
Simply great machines
Bucher Industries is a global technology group with leading market positions in speciality areas of mechanical and vehicle engineering. The company's operations include specialised agricultural machinery, municipal vehicles, hydraulic components, manufacturing equipment for the glass container industry and for wine and fruit juice production. The group's shares are traded on the SIX Swiss Exchange (SIX: BUCN).