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Temenos Launches Share Buyback
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The Geneva-based banking software company Temenos announced on Wednesday that it will repurchase its own shares for a maximum amount of 100 million francs. Based on Tuesday's closing price of 71.55 francs for the registered shares on the SIX Swiss Exchange, the maximum volume of 100 million francs would correspond to around 2 percent of the company's total share capital. Temenos' largest shareholder is Patinex, the investment company owned by Martin Ebner and his wife Rosmarie Ebner, with a stake of 25 percent.