Viel & Cie reports that its Board of Directors decided on March 27 to cancel 1,817,214 treasury shares, bringing the total number of shares in issue to 67,392,691.
Following this capital reduction, the parent company of Compagnie Financière Tradition and Bourse Direct holds 4,304,753 shares, or 6.4% of its share capital. Excluding treasury shares, the number of shares outstanding is 63,087,938.
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Viel & Cie is an investment company specializing in acquiring long-term shares in companies operating in the finance sector. Net sales break down by sector of activity as follows:
- professional intermediation (95.2%; Compagnie Financière Tradition): intermediation in interest and exchange products (monetary products, interest and exchange rate derivatives, credit derivatives, exchange options), in securities and security derivatives (stocks, stock and index derivatives, bonds, etc.), and in the raw material and energy markets (precious metals, coal, oil, electricity, natural gas, paper pulp);
- online brokerage (4.8%; Bourse Direct).
The group also holds a 40% share in SwissLife Banque Privée.
Net sales are distributed geographically as follows: Europe/Middle East/Africa (46.2%), Americas (29.8%) and Asia/Pacific (24%).
VIEL & CIE 
