Hayek family buys additional Swatch shares for nearly CHF11 million

The Hayek family continues to buy shares in the Swatch watch group. Following Nayla, Nick, and Marc Hayek’s acquisition of registered shares worth over CHF20.6 million ($22 million) on Monday, they made another purchase on Tuesday. According to a management transaction published on Wednesday on the reporting page of the Swiss Stock Exchange, 607,879 Swatch registered shares were traded for approximately CHF10.9 million the previous day. According to the announcement, the transaction was carried out jointly by three notifiable persons. These were the Hayek family, as a Swatch spokesperson confirmed to the news agency AWP at the beginning of the week. The family holds prominent positions on the Board of Directors, with Nayla Hayek as group chairwoman, CEO Nick Hayek, and his nephew Marc Hayek. The three of them have thus raised more than CHF31 million in two days for almost 930,000 registered shares. The largest Swatch shareholder is “naturally fully supportive of the Group and is ...