ABB(US:ABBNY)2023-03-31 12:02Share Buyback Program - ABB has launched a new share buyback program of up to $1 billion, expected to repurchase approximately 30 million shares based on current share prices[6]. - The maximum number of shares that may be repurchased on any given trading day is 762,196[6]. - Since July 2020, ABB has repurchased about 286 million shares for a total amount of approximately $8.6 billion[7]. - The total number of ABB's issued shares is 1,964,745,075, including 82,742,500 shares repurchased under previous programs[8]. - ABB currently owns approximately 103 million treasury shares[8]. - The new buyback program is planned to run from April 3, 2023, until March 20, 2024[9]. - The buyback program will be managed by a bank, making trading decisions independently based on parameters from ABB[10]. - The purchase price per share will not exceed the higher of the last independent trade price or the highest current independent bid price[11]. - Weekly updates on the buyback program will be published on ABB's investor relations website[12]. - ABB's share buyback program aligns with its capital allocation principles and aims to maintain a strong investment grade rating[7].