Adjustment Made: Reduction of Share Capital by ADECCO Consolidated
In a significant move, Swiss-based staffing solutions company Adecco S.A. announced a reduction in its share capital, effective July 7, 2014. The reduction was a result of the cancellation of 10,181,696 shares acquired under the company's share buyback programmes, which were approved by shareholders at the Annual General Meeting (AGM) 2014.
Each share in Adecco S.A. now carries a nominal value of CHF 1.-, and the reduced share capital amounts to CHF 179,081,810, divided into 179,081,810 registered shares. The registration of the capital reduction has been recorded with the Commercial Register, and it will be published in the Swiss Commercial Gazette on the same day.
For those interested in learning more about Adecco S.A.'s updated share capital, share structure, or nominal value, the company's 2014 annual report or investor relations section on its official website provides the most authoritative information.
For media enquiries, please contact the Press Office at +41 (0) 44 878 87 87 or [email protected]. For investor-related queries, you can reach out to the Investor Relations team at +41 (0) 44 878 89 89 or [email protected].
While the reasons for the share buyback and capital reduction were not explicitly stated, this strategic move is expected to have implications for the company's future growth and financial position. As always, Adecco S.A. remains committed to delivering quality services and creating opportunities for both its clients and employees.
The financial implications of Adecco S.A.'s share buyback and capital reduction are anticipated to impact the company's future growth and financial position. This significant business decision was made with a view to deliver quality services and create opportunities for both clients and employees.
