Landis+Gyr Group AG (SIX: LAND), a global energy technology leader driving intelligent innovation across the grid, today announced a new share buyback program of up to USD 37 million, intended to complete the previously announced return of the net proceeds from the EMEA divestment to shareholders.

On October 29, 2025, Landis+Gyr launched a share buyback program of up to USD 175 million or a maximum of 10% of the registered shares outstanding to return the net proceeds from the EMEA divestment to shareholders. To accelerate the buyback, the share buyback program was terminated on July 31, 2026, and was followed by the launch of a fixed-price offer.

Under the share buyback program launched in October 2025, 4.38% of the registered shares outstanding were repurchased for CHF 62 million or approximately USD 77 million. In August 2026, Landis+Gyr repurchased an additional 3.46% of its own registered shares for CHF 50 million, or approximately USD 61 million, through the fixed-price offer. Together, the two transactions resulted in the repurchase of 7.83% of the registered shares outstanding for a total consideration of CHF 112 million, or approximately USD 138 million. Including previously held treasury shares, Landis+Gyr currently holds 7.91% of its own registered shares.

Landis+Gyr’s Board of Directors has approved a new share buyback program of up to USD 37 million or a maximum of 2.09% of the registered shares outstanding. With this, the remaining portion of the previously announced USD 175 million or 10% of the registered shares outstanding from the EMEA divestment shall be returned to shareholders. The registered shares will be bought out of capital contribution reserves via the first line on the SIX Swiss Exchange. The program is expected to begin on August 21, 2026, and will run until October 27, 2028, at the latest. Further details and regular updates on the share buyback program are available on the company’s  website at www.landisgyr.com/investors/share-buyback-program.