Forbo – New share buyback program proposed

The Board of Directors of Forbo Holding Ltd will propose the General Meeting a new share buyback program as well as the cancellation of the shares repurchased under the current share buyback program.

Extraordinary General Meeting of Forbo – Baar, October 9, 2012

15% own shares
Forbo has under the share buyback program approved by the Ordinary General Meeting on April 29, 2011 repurchased a total of 179,824 shares (7.2% of the share capital) until October 8, 2012 on the second trading line at the SIX Swiss Exchange. Hence as at October 8, 2012 Forbo held 386,227 own shares respectively 15.4% of the total share capital. Additionally to the shares already bought back Forbo may until November 2, 2012 repurchase further shares.

New share buyback program
As at June 30, 2012 Forbo had a net cash position of CHF 302 million and will through its operations generate further cash flows. The Board of Directors accordingly wants to extend its flexibility for further share buybacks and proposes a new share buyback program to the Extraordinary General Meeting to be held on November 5, 2012. Within the scope of the new share buyback program, the Board of Directors shall be authorized to repurchase further shares for the purpose of cancellation up to a maximum of 10 percent of the total share capital either on a second trading line at the SIX Swiss Exchange or otherwise. The Board of Directors will request the necessary authorization from the Extraordinary General Meeting.

Share capital reduction
The Board of Directors will further propose the Extraordinary General Meeting to cancel all shares repurchased under the current share buyback program and to reduce the share capital of Forbo Holding Ltd accordingly.

Forbo is a leading manufacturer of floor coverings, building and construction adhesives, as well as power transmission and conveyor belt solutions. The company employs a workforce of some 5,000 and has an international network of 24 production facilities and distribution companies as well as about 40 sales organizations in 34 countries across the globe. The company generated net sales of CHF 1,203.8 million in the 2011 financial year and is headquartered in Baar in the canton of Zug, Switzerland.

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