UBS Group AG today announced it will launch a new share repurchase program. On 3 April 2024, UBS Group intends to commence a new 2024 share repurchase program of up to USD 2 billion.

UBS Group AG has confirmed expected repurchases for 2024 of up to USD 1 billion. The 2022 share repurchase program concluded on 28 March 2024.

In total, 298,537,950 UBS Group AG shares were repurchased via a separate trading line on the SIX Swiss Exchange as part of the 2022 share repurchase program, launched on 31 March 2022, representing 8.62% of the current registered share capital of UBS Group AG. The total repurchase volume amounted to CHF 5,009,665,264 (USD 5,244,697,247), of which CHF 1,181,782,165 in 2023 prior to the announcement of the acquisition of Credit Suisse.

On 12 April 2023, the Swiss Takeover Board had approved the use of up to 178,031,942 shares repurchased under the 2022 program, and originally intended for cancellation, for the acquisition of the Credit Suisse Group.

UBS’s ambition is for share repurchases to exceed the pre-acquisition level by 2026.