Holcim Announces CHF 1 Billion Share Buyback Program

Holcim is set to launch a comprehensive share buyback program valued at CHF 1 billion, starting from 18 March 2024 through to the end of the year. This decision comes as part of an effort to enhance shareholder value, with the program's culmination in share cancellation slated for approval at the 2025 Annual General Meeting.

Financed through existing cash reserves, this program reflects Holcim's enduring commitment to maintaining a robust investment grade credit rating. The company will adjust the monthly volume of share buybacks based on prevailing market conditions. The execution of this program will take place via a secondary trading line on the SIX Swiss Exchange, reflecting a structured approach towards managing this significant financial maneuver.

Alongside the announcement, Holcim has released a detailed buyback notice and pledged to provide regular updates on the program’s progress through their official website, ensuring transparency with investors and stakeholders. This initiative stands as a testament to Holcim’s strategic financial management and its commitment to delivering value to its shareholders.