UPDATE 1-Julius Baer says buyback programme now closed

Mon Jul 6, 2009 1:24am EDT
 
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* Baer says ceased buyback programme as of July 3 * Programme closure announced in May, ratified at June EGM (Adds details)

ZURICH, July 6 (Reuters) - Swiss bank Julius Baer Holding AG (BAER.VX) said on Monday it had prematurely ceased its share buyback programme as of July 3 after buying back 2.13 percent of the share capital in the share register.

The move was originally announced in May, when the bank also said it would split its private banking and asset management operations into two separate units [ID:nLK568689].

Termination of the buyback programme was ratified at an extraordinary general meeting of shareholders on June 30. (Editing by Simon Jessop)

 

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