Julius Baer Announces CHF 600 Million Share Buy-Back And Revised Capital Distribution Policy

By Reuters News

Oct 2 (Reuters) - JULIUS BAER GRUPPE AG BAER.S:

  • JULIUS BAER ANNOUNCES CHF 600 MILLION SHARE BUY-BACK AND REVISED CAPITAL DISTRIBUTION POLICY

  • SHARE BUY-BACK PROGRAMME EXPECTED TO COMPLETE WITHIN ONE YEAR

  • SHARES TO BE REPURCHASED VIA SECOND TRADING LINE ON SIX SWISS EXCHANGE

  • ANNOUNCES REVISED CAPITAL DISTRIBUTION POLICY

  • TARGETS CET1 CAPITAL RATIO OF 15%

  • INTENDS DIVIDEND PAYOUT RANGE OF 40%-60% OF IFRS NET PROFIT

Further company coverage: BAER.S

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