The Board of Directors of Panalpina World Transport (Holding) Ltd. announced in 2007 to let excess liquidity flow back to stockholders by means of a share buyback program via a second trading line on the SWX Swiss Exchange. As planned, between 13 August 2007 and 2 September 2008, Panalpina repurchased 1.25 million registered shares totalling a value of CHF 184.8 million and representing 5% of share capital. The share buyback program has now been successfully and promptly concluded.
It is intended to cancel the repurchased shares by way of a share capital reduction.
The Panalpina Group is one of the world's leading providers of supply chain solutions. The company combines its core products of Air Freight, Ocean Freight, and Logistics to deliver globally integrated, tailor-made end-to-end solutions. Drawing on in-depth industry know-how and customized IT systems, Panalpina manages the needs of its customers' supply chains, no matter how demanding they might be. Energy Solutions is a specialized service for the energy and capital projects sector. The Panalpina Group operates a global network with some 500 offices in more than 75 countries, and it works with partner companies in a further 90 countries. Panalpina employs 15,000 people worldwide who deliver a comprehensive service to the highest quality standards – wherever and whenever.