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| Bobst Group SA has repurchased 9.12% of its shares |
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Bobst Group SA successfully completed the repurchase of its own shares, which it carried out through the issuance of put options. Of a total of 18'321'030 issued put options, 18'025'520 options (i.e. 98.4 %) were exercised. As a consequence, Bobst Group SA repurchased a total of 1'805'552 own shares, corresponding to 9.9 % of the shares held by the public. The repurchase volume amounted to a total of CHF 247.4 million.
In compliance with the resolution that the general meeting of shareholders of the company passed on 7 May, 2008, the 1'805'552 shares acquired by Bobst Group SA upon exercise of the put options, together with 173'337 own shares held in treasury by the company, will be cancelled after expiration of the statutory notice period to creditors.
The reduction of capital is currently expected to be completed on July 22, 2008.
The put options, which were exercisable until 25 June, 2008, were allocated at no charge to shareholders on 11 June, 2008. Ten put options entitled their holder to sell one share to Bobst Group SA at a gross exercise price of CHF 137, minus 35% of Swiss federal withholding tax levied on the difference between the strike price of the put options and the par value of the share of Bobst Group SA, which resulted in a net exercise price of CHF 89.40 per share.
Bobst Group SA, Lausanne/Prilly, June 25, 2008
Inquiries
Media Relations: Phone +41 21 621 2622
Investor Relations: Phone +41 21 621 2560 or mail to investors@bobstgroup.com
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