Adcoco Group Successfully Reduces Share Capital Amount
The ADECCO Group, a global leader in talent advisory and solutions, has announced the cancellation of 1,424,388 shares acquired until 27 July 2021 under its share buyback program. This decision was approved by shareholders at the Annual General Meeting in April 2022.
The capital reduction was registered with the Commercial Register on 22 June 2022, and was subsequently published in the Swiss Official Gazette of Commerce. Consequently, the ADECCO Group's share capital now amounts to CHF 16,842,656.10, divided into 168,426,561 registered shares with a nominal value of CHF 0.10 each.
The ADECCO Group, headquartered in Zurich, Switzerland, is a Fortune Global 500 company that leads by example, creating shared value that fuels economies and builds better societies. With a culture of inclusivity, entrepreneurship, and teamwork, the group empowers over 38,000 employees and enables more than 3.5 million careers in around 60 countries.
The English version of press releases from the ADECCO Group is considered valid in case of discrepancies between languages. For more information, the ADECCO Group's Press Office can be contacted via email at media@ourwebsite and by phone at 41 (0)44 878 87 87.
While the group's ongoing reporting emphasizes market performance, revenues, and earnings per share, the exact figures for the share capital and number of registered shares following the June 2022 reduction can be found in the shareholder communications or the Annual Report 2022 of Adecco Group AG. The group's share is listed on the SIX Swiss Exchange under the ticker symbol ADEN.
[1] ADECCO Group AG Annual General Meeting 2022 [3] Swiss Official Gazette of Commerce [5] ADECCO Group Press Release, June 2022
- As the ADECCO Group continues to lead in the business world, discussions surrounding the future of work will undoubtedly involve the role of finance, as the company's share capital reduction and subsequent restructuring reflect its strategic financial decisions.
- Moving forward, investors and stakeholders will keep a close eye on the financial health of the ADECCO Group, which empowers thousands of careers globally, as their profitable business model could set trends in the financial landscape of the workforce.
