WISeKey Expands Share Buyback Program to Include ADSs

WISeKey International Holding Ltd (NASDAQ: WKEY) announced today that its Board of Directors approved the expansion of its existing Class B share buyback program to include its recently NASDAQ-listed American Depositary Shares (ADSs).

Benzinga · 02/03/2020 10:33

WISeKey International Holding Ltd (NASDAQ: WKEY) announced today that its Board of Directors approved the expansion of its existing Class B share buyback program to include its recently NASDAQ-listed American Depositary Shares (ADSs). Class B Shares or ADSs repurchased under the buyback program will be used, as previously announced, for potential future M&A transactions and in addition for (1)WISeKey's existing employee share incentive program, (2) convertible loans entered into by WISeKey and (3) on demand equity lines available to WISeKey.