ZURICH, Nov 2 (Reuters) – Credit score Suisse’s (CSGN.S) board of administrators has determined to not cancel greater than 25 million shares it repurchased beneath a buyback programme halted final yr, and can as a substitute use them to service worker participation plans, the financial institution mentioned on Wednesday.
The financial institution suspended its 1.5 billion franc ($1.5 billion) buyback programme within the first quarter of 2021. By then it had repurchased a complete of 25.09 million shares for 305.2 million Swiss francs.
($1 = 0.9992 Swiss francs)
Reporting by Michael Shields; Modifying by Jan Harvey
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