Syngenta announces the closing of the current second trading line and the opening of a new second trading line

BASEL, Switzerland, Oct. 16, 2015 /PRNewswire/ -- On 24 April 2012, the Annual General Meeting of Syngenta AG authorized the Board of Directors of Syngenta to repurchase registered shares amounting to a maximum of 10% of the share capital of the Company for the purpose of capital reduction as part of a share buyback program.

Based on this authorization, in 2013 Syngenta opened a second trading line on the SIX Swiss Exchange (Ticker: SYNNE). This trading line was closed on 15 October 2015. At this date, 303 000 shares, out of a maximum of 9,312,614 registered shares, were repurchased.

On September 3, 2015, Syngenta announced its intention to return capital to shareholders through a share repurchase program of more than $2 billion.

UBS AG has been mandated to carry out share repurchases on behalf of Syngenta under the terms of article 55c para 2 lit. a of the Swiss Stock Exchange Ordinance (SESTO). The buy-backs will take place under Valor 29.929.808, ISIN CH0299298080.

Consequently, Syngenta today announced the opening of a new second trading line on the SIX Swiss Exchange with the ticker name SYNNEE, replacing the current trading line with the ticker name SYNNE.

The results of the share repurchase programs are available in the Investor Relations section on www.syngenta.com.

Syngenta is a leading agriculture company helping to improve global food security by enabling millions of farmers to make better use of available resources. Through world class science and innovative crop solutions, our 28,000 people in over 90 countries are working to transform how crops are grown. We are committed to rescuing land from degradation, enhancing biodiversity and revitalizing rural communities. To learn more visit www.syngenta.com and www.goodgrowthplan.com. Follow us on Twitter® at www.twitter.com/Syngenta

Cautionary Statement Regarding Forward-Looking Statements

This document contains forward-looking statements, which can be identified by terminology such as 'expect', 'would', 'will', 'potential', 'plans', 'prospects', 'estimated', 'aiming', 'on track' and similar expressions. Such statements may be subject to risks and uncertainties that could cause the actual results to differ materially from these statements. We refer you to Syngenta's publicly available filings with the U.S. Securities and Exchange Commission for information about these and other risks and uncertainties. Syngenta assumes no obligation to update forward-looking statements to reflect actual results, changed assumptions or other factors. This document does not constitute, or form part of, any offer or invitation to sell or issue, or any solicitation of any offer, to purchase or subscribe for any ordinary shares in Syngenta AG, or Syngenta ADSs, nor shall it form the basis of, or be relied on in connection with, any contract there for.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/syngenta-announces-the-closing-of-the-current-second-trading-line-and-the-opening-of-a-new-second-trading-line-300161043.html

SOURCE Syngenta International AG