LLB successfully concludes share programme
The Liechtensteinische Landesbank (LLB) has successfully concluded the share repurchase programme it launched on August 24 last year. The bank, in which the majority of shares is held by the Liechtenstein state, now holds a capital share of 1.18 per cent.
The share repurchase programme for up to 400,000 listed registered shares has been successfully concluded ahead of schedule, announced the LLB in a statement. From August 24, 2018 to November 27, 2019, the total shares were repurchased via the regular trading line of SIX. The LLB commissioned the Zürcher Kantonalbank to carry out the repurchase of the registered shares.
After the scheduled allocation of shares to variable remuneration, the banking group directly or indirectly holds a total of 364,735 of its own registered shares, according to the statement. This equates to 1.18 per cent of the capital. As the bank writes, no shares are being cancelled, so the capital structure remains unchanged. Instead, the registered shares are “to be used for the purpose of future acquisitions or Treasury management measures”, according to the LLB.