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0 0 -0.0010694613211488 -0.0010694613211488 1.66105103643263E-05 -0.000175049224608599 -0.0010694613211488 0.000822859128817143
Stock impact report

UBS Group (UBS) Announces a New Share Repurchase Program [Yahoo! Finance]

Credit Suisse X-Links Crude Oil Shares Covered Call ETN (USOI) 
Company Research Source: Yahoo! Finance
The program will expire on Apr 2, 2026. This year, UBS is expected to buy back up to $1 billion worth of shares under the new plan. This will start following the completion of the merger between UBS AG and Credit Suisse AG, which is expected to take place in the second quarter of 2024. The merger deal was announced on Mar 19, 2023, with a deal value of $3.2 billion. The company aims to exceed its pre-acquisition level of share repurchases by 2026. This strategic step shows UBS Group's commitment to enhancing shareholder value over the long term. Prior to this, on Mar 30, 2022, the company launched a two-year share repurchase program worth up to $6 billion, which concluded on Mar 28, 2024. Under this plan, the company repurchased 298.5 million shares for $5.2 billion through a separate trading line on the SIX Swiss Exchange. This represented 8.62% of the current registered share capital of the bank. The company utilized almost 178 million shares from the 2022 share repurchase p Show less Read more
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