Rieter

A leading global supplier for textile machinery and components used in short-staple fiber spinning

A leading global supplier for textile machinery and components used in short-staple fiber spinning

The global provider of components for all spinning processes

Yarns that follow fashion

Rieter offers attractive positions around the world

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03/16/2004 - Rieter successfully completes share repurchase program

Winterthur - On March 16, 2004, Rieter successfully completed the share repurchase program announced on September 26, 2003. During this period Rieter repurchased a total of 118 200 shares to a value of 35.2 million CHF. This is equivalent to 2.6 percent of the share capital.

The registered shares of the company repurchased via a second trading line on the SWX Swiss Exchange are intended solely for cancellation and the reduction of share capital. A motion to approve the cancellation of the registered shares acquired and the associated reduction in share capital and amendment to the articles of incorporation will be submitted to the annual general meeting called for May 5, 2004.

 

Contact for the media:

Peter Grädel
Head Corporate Communications
T +41 (0)52 208 70 12
F +41 (0)52 208 72 73
 media@rieter.com


 
 
Contact for financial analysts:


Urs Leinhäuser
Chief Financial Officer
T +41 (0)52 208 79 55
F +41 (0)52 208 70 60
 investor@rieter.com