Compagnie Financière Tradition: Voting result regarding dividend and Share
Buyback program Ad hoc announcement pursuant
to Article 53 of the Six Exchange
Regulation Listing Rules Lausanne, 25 May 2023
Voting result regarding dividend and
Share Buyback program
The Annual General Meeting held on May 25, 2023 at 3.30 pm approved the
dividend proposal of the Board of Directors published in the Swiss Official
Gazette of Commerce on April 27, 2023.
Moreover, the dividend consists (i) of a cash payment of a gross amount of
CHF 5.50 («cash dividend») per bearer share of CFT with a nominal value of CHF
2.50 («bearer share(s)») and (ii) a distribution of one bearer share for every
100 bearer shares held to be deducted from the available earnings.
The reference share price corresponds to the average of the closing prices of
the bearer shares on SIX Swiss Exchange for the 20 trading days preceding the
date of the Annual General Meeting (i.e. from 25 April to 24 May 2023), less
the gross amount of the cash dividend of CHF 5.50, i.e. CHF 113.90.
The taxable gross amount for the cash dividend is CHF 5.50 for every bearer
share held and for the stock dividend CHF 1.14 (reference share price divided
by 100) for every bearer share held.
The total amount of the dividend is CHF 49,031,068.1 and the available
retained earnings carried forward is CHF 74,135,932 subject to the amount of
treasury shares held at the dividend detachment date (on 30 May 2023).
In order to optimize the Group’s capital allocation, the Board of Directors
has decided to launch a share buyback program of up to 300 000 shares expected
to launch in June 2023 and to run until May 2026 the latest. The execution of
the program is subject to market conditions and regulatory approvals. The
buyback will be executed via second trading line on SIX Swiss Exchange. Shares
repurchased under the program are expected to be cancelled subject to
shareholder approval.
Compagnie Financière Tradition SA is one of the world's largest interdealer
brokers in over-the-counter financial and commodity related products.
Represented in over 30 countries, Compagnie Financière Tradition SA employs
more than 2,400 people globally and provides broking services for a complete
range of financial products (money market products, bonds, interest rate,
currency and credit derivatives, equities, equity derivatives, interest rate
futures and index futures) and non-financial products (energy and environmental
products, and precious metals). Compagnie Financière Tradition SA (CFT) is
listed on the SIX Swiss Exchange.
For more information, please visit www.tradition.com .
Patrick Combes, President Rohan Sant Compagnie Financière Tradition SA Voxia
communication +41 (0)21 343 52 87 +41 (0)22 591 22 63 actionnaire@tradition.ch
rohan.sant@voxia.ch
Anhang CFT CP resultats AG et Dividende_EN
