WISeKey Announces the End of its Class B Share Buyback Program
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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.