Send us Feedback

Syngenta AG (SYT)
Analysis
SUMMARY
BULLS
BEARS
TOPICS
Data
DATA CENTRAL
STOCK CHART
Financials
SEC FILINGS
BALANCE
INCOME
CASH FLOW

SYT » Topics » ITEM 16E - Purchases of Equity Securities by the Issuer and Affiliated Purchasers

This excerpt taken from the SYT 20-F filed Mar 1, 2006.

ITEM 16E — Purchases of Equity Securities by the Issuer and Affiliated Purchasers

Period   Total Number of
Shares Purchased(1) 		  Average Price Paid
per Share (US$)(2) 		    Total Number of Shares
Purchased as Part of
Publicly Announced
Plans or Programs(3) 		  Maximum Number of Shares That May Yet Be Purchased Under the Plans or Programs
January-05   –   –     –   9,560,121
February-05 (10 – 28 Feb)   5,260,000   107.11     5,260,000   4,300,121
March-05   493,000   111.48     5,753,000   3,807,121
April-05 (01 – 11 and 26 – 29 Apr)   335,000   104.44     6,088,000   3,472,121
May-05   401,687   107.88     6,489,687   3,070,434
June-05   –   –     6,489,687   3,070,434
July-05 (28 – 29 Jul)   50,000   103.08     6,539,687   3,020,434
August-05   175,000   104.26     6,714,687   2,845,434
September-05   105,000   104.37     6,819,687   2,740,434
October-05 (3 – 6, 21 – 31Oct)   5,000   104.00     6,824,687   2,735,434
November-05   –   –     6,824,687   2,735,434
December-05   –   –     6,824,687   2,735,434
Total   6,824,687   107.19 (4)   6,824,687   2,735,434

(1) Shares were purchased pursuant to publicly announced plans or programs.
 
(2) Amounts shown reflect the conversion of the applicable CHF amount into US$ based on month-end CHF/US$ exchange rates.
 
(3) On February 11, 2004 Syngenta announced a program to return over US$800 million to shareholders over the three year period expiring December 31, 2006, through a combination of a share repurchase program and a progressive dividend policy. In April 2004, at the Annual General Meeting (AGM) of shareholders, the shareholders authorized the purchase of up to 10 per cent of Syngenta’s total share capital, allowing for the commencement of the share repurchase program announced in February 2004. On February 10, 2005, Syngenta announced that the size of the program had been increased to over US$1 billion over that same three year period.
 
  On February 9, 2006 Syngenta announced its intention to continue to pursue its progressive cash return policy. The Company, on 22 February, granted a free put option per share with an initial intrinsic value of CHF 1.50. The put option gives each shareholder the right to sell a fixed number of shares to the Company. Each put option has a maturity of three months from grant and is tradeable on the SWX Swiss exchange; the exercise of all options will result in the Company being committed to repurchase approximately 3.3 million shares in 2006. In addition to announcing the put option, Syngenta has closed its second trading line under the share repurchase program initiated in 2004. Syngenta intends to open a new second trading line on virt-x immediately after the AGM on April 19, 2006. Trading on the new second line will remain suspended until May 23, 2006, the expiry date of the put options.
 
  The 1,696,337 shares purchased under the program in 2004 were proposed for cancellation at the 2005 AGM and were subsequently cancelled on July 22, 2005. On February 11, 2005 Syngenta sold an equity instrument entered into on February 10, 2004 and purchased 4.5 million shares on the second trading line. These were also proposed for cancellation at the 2005 AGM and subsequently cancelled on July 22, 2005. It is intended that the balance of 2,324,687 shares repurchased under the program in 2005 will be proposed for cancellation at the 2006 AGM.
 
  Dividend payments are subject to shareholder approval at the AGM of shareholders and no announcement has been made as to the exact number of shares to be repurchased or the exact amount of the return to shareholders that will take the form of share repurchases in 2006.
 
(4) Reflects the weighted-average price paid per share (US$) during 2005.
 

98





PART III

This excerpt taken from the SYT 20-F filed Mar 16, 2005.

ITEM 16E — Purchases of Equity Securities by the Issuer and Affiliated Purchasers

Period   Total Number of
Shares Puchased (1) 		  Average Price Paid
per Share (US$) (2) 		  Total Number of Shares
Purchased as Part of
Publicly Announced
Plans or Programs (3) 		  Maximum Number of
Shares That May Yet Be
Purchased Under the
Plans or Programs
January-04   0   –   0   0
February-04   0   –   0   0
March-04   0   –   0   0
April-04   0   –   0   11,256,458
May-04 (4 May – 24 May)   500,111   81.24   500,111   10,756,347
June-04 (4 Jun – 30 Jun)   366,215   80.71   366,215   10,390,132
July-04 (29-Jul)   20,011   81.91   20,011   10,370,121
August-04 (4 Aug – 20 Aug)   145,000   84.12   145,000   10,225,121
September-04 (10 Sep – 29 Sep)   315,000   90.09   315,000   9,910,121
October-04 (4 Oct – 28 Oct)   315,000   96.84   315,000   9,595,121
November-04 (8 Nov – 9 Nov)   35,000   99.29   35,000   9,560,121
December-04   0   –   0   9,560,121
Total   1,696,337   86.29 (4)   1,696,337   9,560,121

(1)   All shares were purchased pursuant to publicly announced plans or programs.
 
(2) Amounts shown reflect the conversion of the applicable CHF amount into US$ based on month-end CHF/US$ exchange rates.
 
(3) On February 11, 2004 Syngenta announced a program to return over US$800 million to shareholders over the three year period expiring December 31, 2006, through a combination of a share repurchase program and a progressive dividend policy. In April 2004, at the Annual General Meeting (AGM) of shareholders, the shareholders authorized the purchase of up to 10 per cent of Syngenta’s total share capital, allowing for the commencement of the share repurchase program announced in February 2004. On February 10, 2005, Syngenta announced that the size of the program had been increased to over US$1 billion over that same three year period. Dividend payments are subject to shareholder approval at the Annual General Meeting (AGM) of shareholders and no announcement has been made as to the exact number of shares to be repurchased or the exact amount of the return to shareholders that will take the form of share repurchases.
 
  In addition to shares purchased pursuant to the above-described program, on February 10, 2004, Syngenta sold 4.5 million treasury shares and at the same time bought an equity instrument over the same number of Syngenta shares. The equity instrument was generally equivalent to a low exercise price call option over the same number of Syngenta shares and enabled Syngenta to substantially reduce share price risk prior to repurchasing the same number of shares in 2005. On February 11, 2005 Syngenta sold this equity instrument and purchased 4.5 million shares on the second trading line which enables them to be proposed for cancellation at the 2005 Annual General Meeting (AGM) of the shareholders in a tax-efficient manner. Due to the fact that these shares were purchased in 2005, they are not reflected in this table.
 
(4) Reflects the weighted-average price paid per share (US$) during 2004.
 

95





PART III

EXCERPTS ON THIS PAGE:

20-F
Mar 1, 2006
20-F
Mar 16, 2005

RELATED TOPICS for SYT:

"ITEM 16E - Purchases of Equity Securities by the Issuer and Affiliated Purchasers" elsewhere:

ConAgra Foods (CAG)
Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki