Shares quoted in Switzerland: Quality not always Quantity

EBIKON, Switzerland (AFX) - Schindler Holding AG announced a new share buyback programme under which it plans to repurchase up to 10 pct of its registered share capital and participation capital, respectively.

The new programme, which will be launched on Jan 3 2007, replaces its current buyback which started on March 1 2002, and will end on Dec 31 2006.

The Swiss elevator and escalator maker said it plans to repurchase a maximum of 7,356,820 registered shares and a maximum of 5,141,640 participation certificates with a par value of 0.10 sfr.

If less than 10 pct of the registered share capital is offered, it will be entitled to buy back more than 10 pct of the participation capital, Schindler said.

However, the buybacks may not in total exceed 10 pct of the nominal capital, it added.





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