ZURICH, May 31 (Reuters) - LafargeHolcim will start on June 1 its share buyback programme worth up to 1 billion Swiss francs ($1.03 billion), the world’s biggest cement group said on Wednesday.
The programme will be conducted using a second trading line on the SIX Swiss Exchange. UBS AG has been mandated as the execution agent. The second trading line is expected to remain open until December 31, 2018, it said.
At the end of the buyback programme, the board of directors will propose cancelling the repurchased shares, it said.
$1 = 0.9753 Swiss francs Reporting by Michael Shields