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HBM Healthcare Investments AG
Transaction in Own Shares • Oct 16, 2023
893_rns_2023-10-16_63c6302a-6efa-4ea2-9e2a-0e0e6c1446fe.html
Transaction in Own Shares
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News Details
Ad-hoc | 16 October 2023 06:40
HBM Healthcare Investments activates share buyback programme
HBM Healthcare Investments AG / Key word(s): Share Buyback
16-Oct-2023 / 06:40 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 LR
The issuer is solely responsible for the content of this announcement.
The discount of the share price to the reported net asset value per share (NAV) has widened in recent days to an extent that the Board of Directors and the Management of HBM Healthcare Investments are convinced does not reflect the fundamental development and future prospects of the Company. For this reason, HBM Healthcare Investments has brought forward the publication of the Half-Year Report as at 30 September 2023 by a few days to today. The half-year results and NAV per share of CHF 237.22 as at 30 September 2023, which were already published at the beginning of October, were confirmed.
The Board of Directors and the Management are of the opinion that the carefully assembled portfolio is of high quality and its value potential is currently not adequately reflected in the Company's market capitalisation. The Company will therefore use a portion of the available cash to implement the current share buyback programme.
The share buybacks will be carried out via the second trading line on the SIX Swiss Exchange in compliance with regulatory volume restrictions and within the possibilities of freely available liquidity. Careful management of the available funds will continue to be a high priority in order to secure the financing of the existing portfolio companies and to take advantage of investment opportunities as they arise.
Further information on the share buyback programme can be found on our website at https://www.hbmhealthcare.com/en/investors/information .
Contact
For further information, please contact Dr Andreas Wicki on +41 41 710 75 77, or at [email protected] .
End of Inside Information
| Language: | English |
| Company: | HBM Healthcare Investments AG |
| Bundesplatz 1 | |
| 6300 Zug | |
| Switzerland | |
| Phone: | +41438887171 |
| Fax: | +41438887172 |
| E-mail: | [email protected] |
| Internet: | https://www.hbmhealthcare.com |
| ISIN: | CH0012627250 |
| Valor: | 1262725 |
| Listed: | SIX Swiss Exchange |
| EQS News ID: | 1749105 |
| End of Announcement | EQS News Service |