Baar-Zug, Switzerland; 18 March 2020
Partners Group brings forward its regular treasury share purchase program
Partners Group, the global private markets investment manager, will bring forward its regular treasury purchases of PGHN shares in conjunction with its employee stock-option programs.
Partners Group has a long history of granting equity incentives to many of its professionals as part of their remuneration. These are awarded at year end and aim to align Partners Group employees' interests with those of external shareholders. The firm purchases PGHN shares in the open market every year to cover these programs.
While the firm had decided to purchase up to CHF 170 million worth of PGHN shares in the open market between 18 March and 28 August 2020, it will now prioritize treasury share acquisitions over the coming weeks to benefit from the current lower valuation of the firm's shares.
Steffen Meister, Executive Chairman of the Board of Directors, Partners Group, states: "Based on the stability of our business and the positive long-term growth outlook, we will bring forward the firm's ongoing treasury share purchase program as the current level of the share price appears highly attractive. We have therefore decided to place more concentrated orders for our treasury share purchase program over the next few weeks."