Landis+Gyr Group AG (SWX:LAND) announces a share repurchase program. Under the program, the company will repurchase shares up to a maximum of 8% of the outstanding share capital, for CHF 100 million. The repurchase program will be funded from free cash flow, additional debt and capital reserves of the company. The repurchased shares will be cancelled. The repurchase program will run for a period of 36 months.