SGS SA (SWX:SGSN) announces a share repurchase program. Under the program, the company will repurchase up to CHF 250 million worth of its common stock. The company expects that nearly CHF 200 million will be repurchased by a second trading line on SIX Swiss Exchange AG for the purpose of capital reduction and approximately CHF 50 million will be repurchased for the SGS employee participation scheme via the ordinary trading line on SIX Swiss Exchange AG. The execution of the repurchase program depends on the market conditions and strategic opportunities for the company. The Board of Directors intends to apply for capital reductions by redeeming registered shares over the second trading line at future General Meetings. The next Annual General Meeting will take place in March 2018. The repurchase of shares takes place from May 15, 2017. The company has no obligation to buy back its own registered shares; it will act as a buyer depending on market conditions. The company reserves the right to terminate the repurchase program prematurely. The program will run up to December 31, 2018. On May 12, 2017, the company decided to implement a second-tier share repurchase program from May 15, 2017.