Share buyback program 2014 - 2016
On September 30, 2016 the company announced that it had completed its share buyback program announced in September 2014.
During the buyback program, ABB repurchased a total of 171,335,000 registered shares (equivalent to 7.4% of its issued share capital at launch of the buyback program) for a total amount of approximately USD 3.5 billion.
Shares were repurchased on the SIX Swiss Exchange both on the ordinary line and on a second trading line as follows:
- 24,740,000 shares on the ordinary trading line for a total amount of CHF 494 million (USD 512 million);
- 146,595,000 shares on the second trading line for a total amount of CHF 2.9 billion (USD 3 billion).
100'000'000 shares were cancelled in July 2016 and 46,595,000 shares were cancelled in July 2017.