UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of March 2023

Commission File Number 001-16429

ABB Ltd

(Translation of registrant’s name into English)

Affolternstrasse 44, CH-8050, Zurich, Switzerland

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F

☒

Form 40-F

⬜

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):

⬜

Note:

 Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached

annual report to security holders.

Indication by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):

⬜

Note:

 Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other

document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the

registrant is incorporated, domiciled or legally organized (the registrant’s “home country”), or under the rules of the home country

exchange on which the registrant’s securities are traded, as long as the report or other document is not a press release, is not required

to be and has not been distributed to the registrant’s security holders, and, if discussing a material event, has already been the subject

of a Form 6-K submission or other Commission filing on EDGAR.

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the

information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes

⬜

No

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If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-

This Form 6-K consists of the following:

1.

Press release issued by ABB Ltd dated March 31, 2023, titled “ABB launches new share buyback program of up to

$1 billion”.

2

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ZURICH, SWITZERLAND, MARCH 31, 2023

ABB launches new share buyback

program of up to $1 billion

On April 3, 2023, ABB will launch its previously announced new share buyback program of up to $1 billion.

Based on the current ABB share price this represents a maximum of approximately 30 million shares. The

maximum number of shares that may be repurchased under this new program on any given trading day

is 762,196.

This new program is consistent with ABB’s capital allocation principles and its capital structure optimization

program targeting to maintain a strong investment grade rating. Since July 2020, ABB has repurchased

about 286 million shares for capital reduction purposes for a total amount of approximately $8.6 billion.

The total number of ABB’s issued shares is 1,964,745,075. This includes 82,742,500 shares that were

repurchased under the share buyback programs 2021/22 and 2022/23 and remain to be cancelled. ABB will

use the new capital band approved at its Annual General Meeting 2023 for cancellation of these shares. ABB

currently owns approximately 103 million treasury shares.

The new share buyback program is for capital reduction purposes and will be executed on a second trading

line on the SIX Swiss Exchange (Valor: 35.767.961; ISIN: CH035 767 961 9). It is planned to run from

April 3, 2023, until March 20, 2024. ABB intends to cancel the shares repurchased under the new program

using the newly introduced capital band in due course.

The new share buyback program will be managed by a bank mandated by ABB that, based on trading

parameters received from ABB, will make its trading decisions concerning the timing of share repurchases

independently of ABB. ABB can change these parameters outside of its closed periods and if it is not in

possession of any inside information.

The purchase price per share will not exceed the higher of the price of the last independent trade on the

ordinary trading line on the SIX Swiss Exchange and the highest current independent bid price on the

ordinary trading line on the SIX Swiss Exchange. In addition, customary spreads on purchases on the

second trading line on the SIX Swiss Exchange will be paid, observing the limitations of the Ordinance on

Financial Market Infrastructures and Market Conduct in Securities and Derivatives Trading (FMIO). Payment

for the shares will be made in cash.

The buyback program is being carried out in accordance with the Ordinance on Financial Market

Infrastructures and Market Conduct in Securities and Derivatives Trading (FMIO), the Market Abuse

Regulation (EU) No 596/2014 and the Commission Delegated Regulation (EU) No 2016/1052. Weekly

updates on the program will be published on ABB’s investor relations website at

https://global.abb/group/en/investors/investor-and-shareholder-resources/share-buybacks and issued by

press release.

ABB

 is a technology leader in electrification and automation, enabling a more sustainable and

resource-efficient future. The company’s solutions connect engineering know-how and software to optimize

how things are manufactured, moved, powered and operated. Building on more than 130 years of

excellence, ABB’s ~105,000 employees are committed to driving innovations that accelerate industrial

transformation. www.abb.com

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Important notice about forward-looking information

This press release includes forward-looking information and statements concerning the share buyback

program. These statements are based on current expectations, estimates and projections about the factors

that may affect our future performance, and are generally identifiable by statements containing words such

as “intends”, “expects,” “plans”, or similar expressions. However, there are many risks and uncertainties,

many of which are beyond our control, that could affect our ability to achieve any or all of our stated targets.

Factors that could cause such differences include, among others, business risks associated with the volatile

global economic environment and political conditions, changes in governmental regulations and currency

exchange rates and such other factors as may be discussed from time to time in ABB Ltd’s filings with the

U.S. Securities and Exchange Commission, including its Annual Reports on Form 20-F. Although ABB Ltd

believes that its expectations reflected in any such forward-looking statement are based upon reasonable

assumptions, it can give no assurance that those expectations will be achieved.

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For more information please contact:

Media Relations

Phone: +41 43 317 71 11

Email: media.relations@ch.abb.com

Investor Relations

Phone: +41 43 317 71 11

Email: investor.relations@ch.abb.com

ABB Ltd

Affolternstrasse 44

8050 Zurich

Switzerland

ABB LAUNCHES NEW SHARE BUYBACK PROGRAM OF UP TO $1 BILLION

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be

signed on its behalf by the undersigned, thereunto duly authorized.

ABB LTD

Date: March 31, 2023.

By:

/s/ Ann-Sophie Nordh

Name:

Ann-Sofie Nordh

Title:

Group Senior Vice President and 

Head of Investor Relations

Date: March 31, 2023.

By:

/s/ Richard A. Brown

Name:

Richard A. Brown

Title:

Group Senior Vice President and

Chief Counsel Corporate & Finance