FLSmidth & Co. A/S (FLIDF.PK), Tuesday announced its plan to commence a new share buy-back program of up to DKK 1 billion, aiming to adjust the capital structure of the company.
The new program would be backed by a solid balance sheet, sound cash-flow generation and the expected net cash proceeds from the sale of the company's former corporate headquarters totalling DKK 730 million.
The program is expected to commence after the release of FLSmidth's Interim Financial Report for the first quarter of 2026, expectedly on 13 May 2026, with expected completion before the Annual General Meeting in 2027.
FLSmidth's stock closed trading at $93.31, up 4.30 percent on the OTC Markets.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.