WISeKey Announces the End of its Class B Share Buyback Program
08 Juillet 2022 - 7:00AM
WISeKey Announces the End of its Class B Share Buyback Program
WISeKey
Announces the End of
its Class B
Share
Buyback
Program
Zug, Switzerland, July
8, 2022 – Ad-Hoc announcement pursuant to Art. 53
of SIX Listing Rules – WISeKey International Holding Ltd.
(“WISeKey” or the “Company”) (SIX: WIHN, NASDAQ: WKEY), a leading
global cybersecurity, AI and IoT company, announced today that it
has completed its Class B share buyback program which was put in
place on July 9, 2019. Since the start of this program, through
different transactions, WISeKey has repurchased an aggregate of
1,074,305 shares, either directly as Class B Shares or indirectly
by repurchasing its American Depositary Shares (“ADS”), for a total
purchase value of CHF 1,471,609 at an average purchase price
of CHF 1.37 per Class B share.
The maximum aggregate amount of Class B Shares, including ADSs
the Company could have repurchased under the Class B share buyback
program is 3,682,848 registered Class B shares with a nominal value
of CHF 0.05 each. The purpose of the Class B shares buyback program
launched in 2019, was to use the repurchased shares as a reserve
for (1) potential M&A transactions, (2) WISeKey’s existing
employee share incentive program, (3) convertible loans entered
into by WISeKey and (4) on demand equity lines available to
WISeKey.
Information about the completed Class B share buyback program is
available under the following link:
https://www.wisekey.com/investors/share-buyback/.
About WISeKey:WISeKey (NASDAQ:
WKEY; SIX Swiss Exchange: WIHN) is a leading global cybersecurity
company currently deploying large scale digital identity ecosystems
for people and objects using Blockchain, AI and IoT respecting the
Human as the Fulcrum of the Internet. WISeKey microprocessors
secure the pervasive computing shaping today’s Internet of
Everything. WISeKey IoT has an install base of over 1.6 billion
microchips in virtually all IoT sectors (connected cars, smart
cities, drones, agricultural sensors, anti-counterfeiting, smart
lighting, servers, computers, mobile phones, crypto tokens
etc.). WISeKey is uniquely positioned to be at the edge of
IoT as our semiconductors produce a huge amount of Big Data that,
when analyzed with Artificial Intelligence (AI), can help
industrial applications to predict the failure of their equipment
before it happens.Our technology is Trusted by the OISTE/WISeKey’s
Swiss based cryptographic Root of Trust (“RoT”) provides secure
authentication and identification, in both physical and virtual
environments, for the Internet of Things, Blockchain and Artificial
Intelligence. The WISeKey RoT serves as a common trust anchor to
ensure the integrity of online transactions among objects and
between objects and people. For more information,
visit www.wisekey.com.
Press and investor contacts:
WISeKey
International Holding Ltd Company Contact:
Carlos MoreiraChairman & CEOTel: +41 22 594
3000info@wisekey.com |
WISeKey
Investor Relations (US) Contact: Lena CatiThe
Equity Group Inc.Tel: +1 212 836-9611lcati@equityny.com |
Disclaimer:This communication
expressly or implicitly contains certain forward-looking statements
concerning WISeKey International Holding Ltd and its business. Such
statements involve certain known and unknown risks, uncertainties
and other factors, which could cause the actual results, financial
condition, performance or achievements of WISeKey International
Holding Ltd to be materially different from any future results,
performance or achievements expressed or implied by such
forward-looking statements. WISeKey International Holding Ltd is
providing this communication as of this date and does not undertake
to update any forward-looking statements contained herein as a
result of new information, future events or otherwise.This press
release does not constitute an offer to sell, or a solicitation of
an offer to buy, any securities, and it does not constitute an
offering prospectus within the meaning of the Swiss Financial
Services Act (“FinSA”), the FInSa’s predecessor legislation or
advertising within the meaning of the FinSA, or within the meaning
of any other securities regulation. Investors must rely on their
own evaluation of WISeKey and its securities, including the merits
and risks involved. Nothing contained herein is, or shall be relied
on as, a promise or representation as to the future performance of
WISeKey.The securities offered will not be, and have not been,
registered under the United States of America Securities Act of
1933, as amended, and may not be offered or sold in the United
States of America, absent registration or an applicable exemption
from the registration requirements of said Act.
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