Zurich Insurance: launches a share buyback programme


© Reuters. Zurich Insurance: launches a share buyback programme

Zurich Insurance Group announces the launch, on 11 April, of its share buyback programme for an amount up to 1.74 million shares, all required regulatory approvals having been obtained.

The insurer swiss states that its board of directors has the intention to ask the general meeting of 2019, a reduction of the share capital by cancellation of shares acquired within the framework of this program.

The trading of the shares on the second line, created Wednesday in view of this program will last at the latest until 31 December 2018. Zurich Insurance reserves the right to terminate at any time for the redemption of shares.

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