MEDIA RELEASE

Forbo successfully completes sale of treasury shares

Forbo successfully sold 63,000 treasury shares at a price of CHF 1,450 per share via an accelerated bookbuilding. The gross proceeds to Forbo amount to about CHF 91 million.

Baar, August 8, 2017

Forbo has successfully completed the placement of treasury shares which was announced yesterday. Forbo sold 63,000 treasury shares, representing 3.5% of Forbo's share capital and the majority of the treasury shares held by Forbo, 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 shares have been placed at a price of CHF 1,450 per share. The Placement results in gross proceeds for Forbo of about CHF 91 million.

Forbo's anchor shareholder and member of the Board of Directors, Michael Pieper, through his vehicle Artemis Beteiligungen I AG, had committed to purchase up to 55,000 shares and Forbo's Executive Chairman, This E. Schneider, had committed to purchase up to 8,000 shares, each based on a firm order at a price of CHF 1,420 per share. Since the bookbuilding was very successful, all shares were placed with other investors at a higher price.

Credit Suisse has been 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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