ADECCO finalizes reduction of shares issued
Zurich, Switzerland - In a significant move, the world's leading provider of Human Resources solutions, Adecco Group, has announced a share capital reduction as part of a strategic initiative to optimise its capital structure. The reduction, which was approved by the shareholders at the AGM 2014, involves the cancellation of 10,181,696 shares acquired under the share buyback programmes.
Effective July 7, 2014, the company's share capital now comprises 179,081,810 registered shares, each with a nominal value of CHF 1.-. This reduction has been registered with the Commercial Register and will be published in the Swiss Commercial Gazette on the same day.
Adecco Group, a Fortune Global 500 company, offers a wide variety of HR solutions including temporary staffing, permanent placement, career transition, talent development, outsourcing, and consulting. With over 5,000 branches and more than 31,000 FTE employees, the group connects more than 650,000 associates with over 100,000 clients every day. The company operates in over 60 countries and territories worldwide.
Share capital reductions are typically carried out for reasons such as returning capital to shareholders, eliminating accumulated losses, restructuring the company's balance sheet, or preparing for a change in ownership or strategy. In Adecco's case, the share capital reduction is intended to optimise the capital structure of the company. This commonly involves canceling treasury shares or reducing nominal share value to improve financial ratios and enhance shareholder value.
However, for precise details about Adecco's 2014 capital reduction, it would be best to consult Adecco's official 2014 press releases, financial statements, or filings with the Swiss stock exchange where it is listed (SIX Swiss Exchange, symbol ADEN).
For further information, please contact Adecco's Corporate Press Office at [email protected] or by calling +41 (0) 44 878 87 87. Alternatively, you can reach out to the Corporate Investor Relations at [email protected] or by calling +41 (0) 44 878 89 89.
It is important to note that forward-looking statements in this release are based on information available as of the date of the release and assume no duty to update any such forward-looking statements. Actual results could differ materially from the company's current expectations. Factors that could affect the company's forward-looking statements include global GDP trends, changes in regulation of temporary work, intense competition, integration of acquired companies, changes in the company's ability to attract and retain qualified internal and external personnel or clients, the potential impact of disruptions related to IT, any adverse developments in existing commercial relationships, disputes or legal and tax proceedings.
This article is intended to provide a general understanding of the announced share capital reduction by Adecco Group and should not be used as the sole source of information. For a comprehensive understanding, it is advisable to consult Adecco's official documents.
- The share capital reduction in 2014 by Adecco Group, a leading provider of HR solutions, was intended to optimize the company's capital structure, potentially involving the cancellation of treasury shares or reducing nominal share value.
- Adecco Group offers diverse HR services such as temporary staffing, permanent placement, career transition, talent development, outsourcing, and consulting, connecting over 650,000 associates with more than 100,000 clients daily.
- Business strategies like share capital reduction can be carried out for reasons such as returning capital to shareholders, eliminating accumulated losses, or preparing for a change in ownership or strategy, as seen in the case of Adecco Group.
- To understand the precise details of Adecco Group's 2014 capital reduction, it is advisable to consult their official 2014 press releases, financial statements, or filings with the Swiss stock exchange (SIX Swiss Exchange, symbol ADEN).
