ABB launches new share buyback program of up to $3 billion

May 16, 2022

ABB will launch on April 1, 2022 its previously announced new share buyback program of up to $3 billion. Based on the current ABB share price this represents a maximum of approximately 89 million shares. The share buyback program is for capital reduction purposes and will be executed on a second trading line on the SIX Swiss Exchange (Valor: 35.767.961; ISIN: CH035 767 961 9). The share buyback program will be managed by a bank mandated by ABB that, based on the trading instructions given by ABB to the bank, will make its trading decisions concerning the timing of share repurchases independently of ABB. www.abb.comImportant notice about forward-looking informationThis press release includes forward-looking information and statements concerning the share buyback program.

The source of this news is from ABB

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