Swiss smart-meter manufacturer Landis+Gyr has approved a share buyback program valued at up to $37 million, the company said on Thursday.
The program aims to distribute the net proceeds from the sale of its EMEA business to shareholders, with the board authorizing the repurchase of up to 2.09% of outstanding registered shares. The buyback will be conducted through the ordinary trading line on the SIX Swiss Exchange and financed from capital contribution reserves.
The program is scheduled to commence on August 21, 2026, and conclude no later than October 27, 2028. Landis+Gyr did not specify a minimum purchase amount or a target price range for the buyback.
