Swiss Cybersecurity Firm WISeKey Ends Share Buyback Program

The Zug-based firm repurchased 1,074,305 shares for about $1.5 million.

AccessTimeIconJul 8, 2022 at 9:26 a.m. UTC
Updated Jul 8, 2022 at 3:06 p.m. UTC

Jamie Crawley is a CoinDesk news reporter based in London.

Cybersecurity firm WISeKey has ended a Class B share buyback program it commenced three years ago after repurchasing over 1 million shares for around 1.47 million Swiss francs ($1.5 million).

  • The Zug-based firm repurchased 1,074,305 shares at a price of 1.37 francs apiece, it said in a statement Friday.
  • The program began in July 2019 to create a reserve for potential merger and acquisition activity, an employee share-incentive program, convertible loans and on-demand equity lines.
  • WISeKey is a cybersecurity firm focusing on digital identity ecosystems incorporating blockchain technology.
  • In March last year, it announced it was developing an application for non-fungible tokens (NFT) that would authenticate physical and digital objects of value.

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

CoinDesk - Unknown

Jamie Crawley is a CoinDesk news reporter based in London.

CoinDesk - Unknown

Jamie Crawley is a CoinDesk news reporter based in London.

Investing in the Future of the Digital Economy
October 18-19 | Spring Studio, NYC