Select Region & Country

Austria

German

Greece

Greek

Romania

Romanian

Belarus

Russian

Hungary

Hungarian

Russia

Russian

Belgium

Dutch

French

Ireland

English

Serbia

Serbian

Italy

Italian

Slovakia

Slovakian

Croatia

Croatian

Latvia

Latvian

Slovenia

Slovenian

Czech Republic

Czech

Lithuania

Lithuanian

Spain

Spanish

Denmark

Danish

Luxembourg

French

Sweden

Swedish

Estonia

Estonian

Netherlands

Dutch

Finland

Finnish

Norway

Norwegian

Turkey

Turkish

France

French

Poland

Polish

United Kingdom

English

Germany

German

Portugal

Portuguese

Argentina

Spanish

Costa Rica

Spanish

Mexico

Spanish

Aruba

Spanish

Dominican Republic

Spanish

Panama

Spanish

Bolivia

Spanish

Ecuador

Spanish

Puerto Rico

Spanish

Brazil

Portuguese

El Salvador

Spanish

United States of America

English

Guatemala

Spanish

Uruguay

Spanish

Chile

Spanish

Honduras

Spanish

Peru

Spanish

Colombia

Spanish

Kuwait

English

Qatar

English

Lebanon

English

Saudi Arabia

English

Bahrain

English

Madagascar

English

French

Botswana

English

French

South Africa

English

Cameroon

English

French

Mauritius

English

French

Tanzania

English

French

Côte d'Ivoire

English

French

United Arab Emirates

English

Israel

Hebrew

Oman

English

Jordan

English

Pakistan

English

Zimbabwe

English

French

Palestine

English

Australia

English

Kazakhstan

Russian

Singapore

English

Bangladesh

English

Malaysia

English

South Korea

Korean

Sri Lanka

English

India

English

Myanmar

English

Taiwan (Chinese Taipei)

Chinese - Traditional

Indonesia

English

New Zealand

English

Thailand

English

Japan

Japanese

Philippines

English

Vietnam

English

ABB's current share buyback program

ABB share buyback program launched on July 23, 2020

Following the completion of the divestment of its Power Grids business to Hitachi on July 1, 2020, and consistent with its overall capital structure optimization program, ABB launched its previously announced share buyback program on July 23, 2020.

As part of its plan to return to shareholders net cash proceeds of $7.6–7.8 billion from the sale of Power Grids, ABB initially intends to buy 10 percent  of its issued share capital through this share buyback program. ABB will purchase a maximum of 180 million shares, in addition to those already held in treasury. The corresponding maximum buyback amount of CHF 4.2 billion for this program, is based on ABB’s share price on July 21, 2020. 

The share buyback program is for capital reduction purposes and is executed on a second trading line on the SIX Swiss Exchange. Regular trading of ABB shares continues as normal on the ordinary line.

The program is planned to run from July 23, 2020 until the company’s Annual General Meeting (AGM) on March 25, 2021. At the AGM, ABB intends to request shareholder approval to cancel the shares purchased through this program and to announce next steps. 

The share buyback program is lead-managed by a bank mandated by ABB that makes its trading decisions concerning the timing of share repurchases independently of ABB, within pre-agreed parameters. 

The buyback program is being carried out in accordance with the Market Abuse Regulation (EU) No 596/2014 (”MAR”) and the Commission Delegated Regulation (EU) No 2016/1052 (the “Safe Harbour Regulation”). 

 

Official notices in German, French and English

The program is executed on a second trading line on the SIX Swiss Exchange

Repurchases of ABB shares for capital reduction purposes are carried out on a second trading line on the SIX Swiss Exchange. Only ABB through its mandated bank can purchase shares on this second trading line (see official notices). The repurchase price of ABB shares traded on the second trading line is based on the prices of ABB shares on the ordinary trading line.

A shareholder wishing to sell ABB shares may do so either via the ordinary trading line or via the second trading line. ABB shares sold via the second trading line are subject to the Swiss federal withholding tax rate of 35 percent on the difference between the repurchase price of the ABB share and its nominal value of CHF 0.12. This tax will be deducted from the repurchase price. Shareholders domiciled in Switzerland are entitled to a reimbursement of the withholding tax provided they are beneficial owners of the shares at the time they are surrendered and they do not avoid taxes (art. 21 of the Withholding Tax Law). Shareholders domiciled outside Switzerland may reclaim the withholding tax in accordance with any applicable double taxation agreements.*

ABB registered shares on the ordinary and second trading lines
ABB Ltd  Valor No ISIN Ticker
Ordinary trading line 1 222 171 CH 001 222171 6 ABBN
Second trading line 35 767 961 CH 035 767961 9 ABBNE
Maximum daily repurchase volume

2,188,145 shares (calculated in accordance with Art. 55b(1)(c) of the Swiss Federal Ordinance on Stock Exchange and Securities Trading).

ABB's share buybacks transaction reporting

Summary

ABB's share buybacks disclosure

*Tax disclaimer: All investors must seek their own specific tax advice, and nothing herein is intended or should be considered as tax advice.

** In the Appendix: SE stands for SIX Exchange. Transactions on July 23 and 24, 2020 were mistakenly reported as per BST instead of CEST.