New share repurchase program at Novartis
23% rise in free cash flow in 2003, on top of strong liquidity, prompts buy-back for up to CHF 3 billion
Basel, 22 January 2004 - Novartis AG announced today that its Board of Directors will propose a new share repurchase program for up to CHF 3 billion to the shareholders at their forthcoming Annual General Meeting (AGM). The Board will also propose reducing Novartis' share capital by the amounts repurchased each year, starting in 2005.
Please see full press release under the following link:
