MEDIA RELEASE

Forbo launches sale of treasury shares

Forbo intends to sell 63,000 treasury shares by way of an accelerated bookbuilding starting immediately. Forbo's anchor shareholder and member of the Board of Directors, Michael Pieper, as well as Forbo's Executive Chairman, This E. Schneider, committed to purchase all shares in case the shares are not sold to other investors.

Baar, August 7, 2017

As announced in the context of the publication of the 2017 half-year results, Forbo today launches the sale of treasury shares. Forbo intends to sell 63,000 treasury shares in the market via an accelerated bookbuilding process by way of a placement in Switzerland and private placements outside of Switzerland in accordance with applicable securities laws (the "Placement"). The Placement represents 3.5% of Forbo's share capital and the majority of the treasury shares held by Forbo. Forbo is selling the treasury shares for tax law-related reasons towards the end of the six-year holding period.

Forbo's anchor shareholder and member of the Board of Directors, Michael Pieper, through his vehicle Artemis Beteiligungen I AG, committed to purchase up to 55,000 shares and Forbo's Executive Chairman, This E. Schneider, committed to purchase up to 8,000 shares, each based on a firm order at a price of CHF 1,420 per share if the shares are not allocated to other investors at the same or at a higher price. By doing so, Michael Pieper underlines his commitment to Forbo, while in any case remaining below the threshold of 33 1/3% of the voting rights.

The bookbuilding starts immediately and the price of the placed shares will be determined after the bookbuilding process will have been completed. Credit Suisse is acting as sole bookrunner for the Placement.

Within the framework of a stabilization program in accordance with Article 126 of the Swiss Federal Financial Market Infrastructure Ordinance, Forbo may direct Credit Suisse to purchase on its behalf within thirty calendar days following the pricing of the Placement up to 10,000 own shares at a price not exceeding the Placement price.


Media release (PDF file)



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