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The buyback program is set to start in July 2023, after obtaining approval from the Swiss Takeover Board and once the company’s 2020 share buyback program expires.
Last month, the company’s board of directors also approved a proposal for a fiscal year 2023 cash dividend. If approved by shareholders at the upcoming 2023 Annual General Meeting, the dividend would increase by approximately CHF 0.10 to CHF 1.06 (CHF 1 = $1.1193) per share.
