Lonza Group Ltd (GB:0QNO) has released an update.
Lonza Group AG has announced a capital decrease through the destruction of shares previously bought back under its 2023-2025 buyback program. A total of 2,242,568 shares will be invalidated, reducing the company’s share capital to a new total of 72,226,184 outstanding securities. The adjustment will take effect on June 28, 2024, signaling a strategic move to optimize the company’s equity structure.
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