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Swiss Cybersecurity Firm WISeKey Ends Share Buyback Program
The Zug-based firm repurchased 1,074,305 shares for about $1.5 million.
Updated May 11, 2023, 6:52 p.m. Published Jul 8, 2022, 9:26 a.m.
Make us preferred on GoogleCybersecurity firm WISeKey has ended a Class B share buyback program it commenced three years ago after repurchasing over 1 million shares for around 1.47 million Swiss francs ($1.5 million).
- The Zug-based firm repurchased 1,074,305 shares at a price of 1.37 francs apiece, it said in a statement Friday.
- The program began in July 2019 to create a reserve for potential merger and acquisition activity, an employee share-incentive program, convertible loans and on-demand equity lines.
- WISeKey is a cybersecurity firm focusing on digital identity ecosystems incorporating blockchain technology.
- In March last year, it announced it was developing an application for non-fungible tokens (NFT) that would authenticate physical and digital objects of value.
Read more: Slumping Galaxy Digital Announces Share Repurchase Plan
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