Clothing Calida completes share buyback of the founding family Kellenberger

Calida has completed the share buyback from the founding Kellenberger family as planned. According to a statement issued by the Sursee LU-based clothing company on Friday, just under 707,000 registered shares were bought back from the family at a price of 27.90 Swiss francs, as announced just over a month ago.

Calida had already announced the completion of a second public buyback program on 23 August, which was launched at the same time. Around 829,000 registered shares were bought back at a price of 28.50 Swiss francs per share.

After canceling its own shares, Calida now holds 9.99 percent of its own shares. The Group will use these "for future opportunities", it said.

At the same time, the Kellenberger family's stake in Calida fell to around 19 percent. The proportion of freely tradable shares increased to around 81 percent, according to the statement.