BAER Julius Baer Gruppe AG

Julius Baer announces successful completion of share buy-back programme

Julius Baer Group Ltd. / Key word(s): Share Buyback
Julius Baer announces successful completion of share buy-back programme

01.03.2023 / 07:00 CET/CEST


Zurich, 1 March 2023 – Julius Baer Group Ltd. today announces the end of the share buy-back programme launched in March 2022.

The stated objective of the buy-back programme, initiated on 2 March 2022, to repurchase up to CHF 400 million of Julius Baer Group Ltd. shares has been reached and therefore the programme is complete. Under this programme, Julius Baer repurchased a total of 7,799,460 registered shares at an average price per share of CHF 51.29 for a total volume of CHF 400 million on a second trading line on the SIX Swiss Exchange. The cancellation of the shares bought back under this programme will be proposed at the Annual General Meeting of shareholders on 13 April 2023.

More information on the completed share buy-back programme is available at .

Contacts

Media Relations, tel. +41 (0) 58 888 8888

Investor Relations, tel. +41 (0) 58 888 5256

About Julius Baer

Julius Baer is the leading Swiss wealth management group and a premium brand in this global sector, with a focus on servicing and advising sophisticated private clients. In all we do, we are inspired by our purpose: creating value beyond wealth. At the end of 2022, assets under management amounted to CHF 424 billion. Bank Julius Baer & Co. Ltd., the renowned Swiss private bank with origins dating back to 1890, is the principal operating company of Julius Baer Group Ltd., whose shares are listed on the SIX Swiss Exchange (ticker symbol: BAER) and are included in the Swiss Leader Index (SLI), comprising the 30 largest and most liquid Swiss stocks.

Julius Baer is present in over 25 countries and around 60 locations. Headquartered in Zurich, we have offices in key locations including Bangkok, Dubai, Dublin, Frankfurt, Geneva, Hong Kong, London, Luxembourg, Madrid, Mexico City, Milan, Monaco, Mumbai, Santiago de Chile, São Paulo, Shanghai, Singapore, Tel Aviv and Tokyo. Our client-centric approach, our objective advice based on the Julius Baer open product platform, our solid financial base and our entrepreneurial management culture make us the international reference in wealth management.

For more information visit our website at



End of Media Release


Language: English
Company: Julius Baer Group Ltd.
Bahnhofstrasse 36
8010 Zurich
Switzerland
Phone: 1
E-mail:
Internet:
ISIN: CH0102484968
Listed: SIX Swiss Exchange
EQS News ID: 1571361

 
End of News EQS News Service

1571361  01.03.2023 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=1571361&application_name=news&site_id=research_pool
EN
01/03/2023

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Julius Baer Gruppe AG

Benoit Valleaux
  • Benoit Valleaux

ODDO : Private banks expected to continue to grow

The three listed Swiss private banks, EFG International, Julius Baer and Vontobel, benefit from favourable operating momentum with sustained net inflows in private banking and an expected improvement in their cost/income ratio (-5.5 points in four years) and RoTE (+1.5 points in four years). Among them, we prefer Julius Baer (initiation on Outperform, target price CHF 68), for the turnaround in its profitability and the resumption of share buybacks as of next year. We are initiating coverage on ...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch