(Corrects to make it clear that share buyback programme was
launched two years ago.)
ZURICH Jan 3 SGS said it has completed
its share buyback programme launched in January 2015, saying it
has bought 3.1 percent of its share capital for a total of 458.3
million Swiss francs ($448.74 million).
The company said it would ask its shareholders for approval
to cancel 188,704 of the 240,797 repurchased shares. The
remaining 52,093 shares bought back would be used for employee
incentive plans and to secure conversion rights of convertible
bonds, SGS said on Tuesday.
($1 = 1.0213 Swiss francs)
(Reporting by John Revill, editing by Silke Koltrowitz)