Basel, December 12, 2016. Baloise is increasing the volume of share repurchases announced at the Investor Day in October 2016 from one million to three million. As part of its positive shareholder policy, Baloise is thus counteracting the dilution of earnings per share resulting from a convertible bond that reached maturity in November 2016.

About one-third of the convertible bond, which matured on 17 November 2016, has been converted and the rest repaid. The repayment was funded by selling the shares in the market that had been reserved for the convertible bond and had become free. Around 1.8 million shares will have come onto the market in connection with the convertible bond. This will increase the number of shares in circulation, thereby diluting the earnings per share. Subsequently, Baloise intends to buy back this dilution under its positive shareholder policy, which is why it is stepping up the share buy-back programme announced on 26 October 2016 to up to three million treasury shares. A second trading line will be used. The planned time frame for the buy-back is up to three years.

31 Dec 2015 30 Jun 2016 30 Nov 2016
Number of
shares issued		 50'000'000 50'000'000 50'000'000
Number of
treasury shares		 3'464'540 3'858'525 2'923'613
Number of
shares in
circulation		 46'535'460 46'141'475 47'076'387

Baloise Holding AG published this content on 12 December 2016 and is solely responsible for the information contained herein.
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