Recruitment agency Adecco unveils €400 million stock repurchase initiative
Adecco Announces €400 Million Share Buyback Programme
In a significant move, Adecco, the leading provider of Human Resources solutions, has announced a €400 million share buyback programme. The programme, aimed at reducing share capital and enhancing shareholder value, is set to commence around mid-July 2012.
The company, a Fortune Global 500 company based in Zurich, Switzerland, offers a wide variety of HR solutions. These services fall into the broad categories of temporary staffing, permanent placement, career transition and talent development, as well as outsourcing and consulting. The company is registered in Switzerland (ISIN: CH0012138605) and listed on the SIX Swiss Exchange (ADEN).
The buyback will be fully funded by the company's cash flow without incurring additional debt. Repurchased shares will be cancelled after formal shareholder approval. Further information can be obtained from Adecco's Corporate Investor Relations at or by calling +41 (0) 44 878 89 89.
It is important to note that Adecco's forward-looking statements are not guarantees of future performance. Actual results could differ materially due to various risks and uncertainties such as global GDP trends, changes in regulation, intense competition, integration of acquired companies, and potential impact of disruptions related to IT.
The share buyback will be executed on a second trading line on the SIX Swiss Exchange. Shares purchased on the second trading line are subject to the Swiss federal withholding tax of 35% on the difference between the buyback price of the share and its nominal value of CHF 1.00.
The financial agenda for 2012 includes Q2 2012 results on August 9, Investor Days on September 19/20, and Q3 2012 results on November 6. For more detailed information about the timing, execution schedule, or exact impact on shares outstanding in 2012, it would be necessary to consult Adecco’s 2012 financial reports or official press releases from that period.
For media enquiries, please contact Adecco's Corporate Press Office at or call +41 (0) 44 878 87 87.
The bond issuance to fund the share buyback is planned for the near future, but further details about its funding, timing, or impact on share capital are not currently available in the search results.
- Adecco, a leading Human Resources solutions provider, has announced a €400 million share buyback programme aimed at permanent placement and career transition, among other services.
- Part of Adecco's diversified offerings, temporary staffing and outsourcing are also key elements, contributing to talent development and business growth.
- After shareholder approval, repurchased shares will be cancelled, creating potential opportunities for investing in this Swiss-based company listed on the SIX Swiss Exchange (ADEN).
- Before making any investment decisions, it is essential to consider the various risks and uncertainties mentioned in Adecco's forward-looking statements, such as global GDP trends, changes in regulation, and IT disruptions.
