ABB (ABB : The company) has completed its share buyback program that was launched in April 2024. Through this buyback program, the company repurchased a total of 16,715,684 shares – equivalent to 0.89 percent of its issued share capital at launch of the buyback program – for a total amount of approximately $0.9 billion.
The Board of Directors intends to use the capital band authorized at the ABB 2023 Annual General Meeting to cancel all shares repurchased under the 2024 share buyback program.
As announced on January 30, 2025, and consistent with The company’s capital allocation principles, the Board of Directors approved a new share buyback program for capital reduction purposes of up to $1.5 billion. The new program is expected to be launched in early February 2025. It will be executed on a second trading line on the SIX Swiss Exchange and is planned to run until January 28, 2026.
The company intends to use the capital band also for the cancellation of the shares repurchased under this new program.
In addition, The company intends to purchase up to 7 million shares until January 28, 2026, mainly for use in connection with its employee share plans. The purchases will be made at the market price on the ordinary trading line on the SIX Swiss Exchange.
ABB currently owns approximately 24,126,671 million treasury shares, including 16,715,684 million shares repurchased for cancellation purposes.
