ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for default Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.

NSRGY Nestle SA (PK)

101.20
0.06 (0.06%)
03 May 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Nestle SA (PK) USOTC:NSRGY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.06 0.06% 101.20 101.18 102.21 102.17 101.12 102.12 594,323 22:20:00

Nestle Ends Current Buyback; Will Launch New One of Up to CHF20 Billion

31/12/2021 7:11am

Dow Jones News


Nestle (PK) (USOTC:NSRGY)
Historical Stock Chart


From May 2021 to May 2024

Click Here for more Nestle (PK) Charts.
   By Joshua Kirby 
 

Nestle SA said late Thursday that it has canceled an existing share buyback ahead of a new program of up to 20 billion Swiss francs ($21.9 billion) due to begin next week.

Under the terminated program, set out in January 2020 and also aiming for CHF20 billion in repurchased shares, the Swiss consumer-goods giant bought just over 123 million shares for around CHF13.06 billion. Slightly fewer than 72 million have been canceled, and a decision will be made at the 2022 general meeting of shareholders on whether also to cancel the remaining roughly 51 million shares, Nestle said.

As set out earlier this month, the canceled program is to be replaced by the new buyback starting on Jan. 3. The program is expected to be completed by the end of 2024, and could be adjusted in case of any major acquisitions, Nestle said at the time.

 

Write to Joshua Kirby at joshua.kirby@wsj.com; @joshualeokirby

 

(END) Dow Jones Newswires

December 31, 2021 01:56 ET (06:56 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

1 Year Nestle (PK) Chart

1 Year Nestle (PK) Chart

1 Month Nestle (PK) Chart

1 Month Nestle (PK) Chart

Your Recent History

Delayed Upgrade Clock