12 April 2019

Valartis Share buy-back programme 2018/2019: 11 June 2018 – 12 April 2019

Following receipt of regulatory approval, Valartis Group AG announced on 23 May 2018 its share buy-back programme:

The 2018 Annual General Meeting approved the share buyback of up to 400,000 shares of Valartis Group AG before the 2019 Annual General Meeting as part of a public share buyback programme with the aim of cancelling the shares.

On 12 April 2019, the end of the share buyback programme 2018/2019, a total volume of shares was purchased for CHF 2.553 million at an average purchase price of CHF 11.03 per share. This corresponded to a total number of 230,705 shares acquired or 58 percent of the programme total (400,000 shares).

The Annual General Meeting 2019 of 14 May 2019 approved the proposal of the Board of Directors to reduce the share capital by CHF 230,705.00 from CHF 5,000,000.00 to CHF 4,769,295.00 by cancelling 230,705 shares repurchased under the share buyback programme announced on 23 May 2018 and completed on 12 April 2019. The reduction amount of CHF 230,705.00 was used to release the reserve created for treasury shares. The audit report of the statutory auditors BDO SA dated 18 April 2019 showed that the claims of the creditors were fully covered despite the reduction of the share capital.

REGISTERED SHARES OF VALARTIS GROUP AG (ordinary trading line)

Swiss Securities No
ISIN
Ticker
36,742,768
CH0367427686
VLRT

REGISTERED SHARES OF VALARTIS GROUP AG (SHARE BUY-BACK ON THE SECOND TRADING LINE)

Swiss Securities No
ISIN
Ticker
41,903,248
CH0419032484
VLRTE

SECOND TRADING LINE ON THE SIX SWISS EXCHANGE

As part of the share buy-back programme, a second line in accordance with the International Reporting Standard for registered shares was established on the SIX Swiss Exchange Ltd. On this second line, only Valartis could act as a buyer (by means of Bank Cramer & Cie SA commissioned with the share buy-back) and acquired its own registered shares for the purpose of subsequent cancellation and capital reduction. Ordinary trading in Valartis registered shares under Swiss securities number 36,742,768 was not affected by this measure and continued normally. Shareholders of Valartis willing to sell therefore had the choice of either selling registered shares in normal trading or offering them to the Company for subsequent cancellation and capital reduction on the second line.

Duration
11 Juni 2018
Commencement of the programme
Start of trading of Valartis registered shares on the second SIX trading line
12 April 2019
End of the programme
Termination of trading of Valartis registered shares on the second SIX trading line
14 May 2019
Reduction of share capital
Proposal to the Annual General Meeting 2019

Further details on this Programme can be found in the official announcements, which can be accessed using the following links:

Official buy-back announcements in German and French

Official buy-back announcement in German download

Official buy-back announcement in French download

PUBLICATION OF TRANSACTIONS

Transaction Report as of 11 June 2018 to 12 April 2019 download

MAXIMUM DAILY REPURCHASE VOLUME

The maximum buy-back volume per day was:

4,314 shares per day

Calculated in accordance with Article 123 (1) (c) of the Swiss Federal Ordinance on Financial Market Infrastructures and Market Conduct in Securities and Derivatives Trading (Financial Market Infrastructure Ordinance, FMIO) of 25 November 2015.

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