Burckhardt Compression: Share placement completed
January 18, 2013 | Ad hoc announcement
The placement with institutional investors of the 75’317 registered shares repurchased was successfully completed on January 18, 2013.
Burckhardt Compression repurchased 75’317 registered shares during the period from December 15, 2008 to December 16, 2010 within the scope of its share buyback program. This corresponded to 2.22% of its share capital.
On January 18, 2013 the company issued a media release announcing that the purpose of the share buyback program had been amended and that the repurchased shares would be placed with institutional investors. The placement of these registered shares was successfully completed today. The highest price paid within this placement was CHF 329 per share.
About Burckhardt Compression
Burckhardt Compression is one of the worldwide market leaders in the field of reciprocating compressors and the only manufacturer that offers a complete range of Labyâ (labyrinth piston), Process Gas, and Hyper Compressors. The compressors are used to compress, cool or liquefy gases. Burckhardt Compression’s customers include multinational companies active in the chemical, petrochemical, refinery, industrial gas and gas transport and storage industries. With the leading compressor technology, the high-quality compressor components and the comprehensive range of services Burckhardt Compression supports its customers in their effort to minimize the life cycle costs of their reciprocating compressor systems.