01:23 AM EDT, 08/03/2026 (MT Newswires) -- Landis+Gyr Group (LAND.SW) said Monday it will open the acceptance period on Tuesday for its fixed-price offer to repurchase up to 1 million registered shares at 50 francs apiece. The 50 million-franc offer will run until Aug. 18, with the results scheduled for Aug. 19 and settlement targeted by Aug. 21. The energy management company said the repurchased shares will be funded from capital contribution reserves. Landis+Gyr also terminated its 2025-2028 share buyback program. Before its cancellation, the company had repurchased 1,264,957 registered shares for a total of 61.9 million francs. Following the fixed-price offer, the company plans to launch a new buyback program to distribute the remaining proceeds from its $175 million divestments in Europe, the Middle East and Africa to shareholders.

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