Ad hoc announcement acc. to Sec. 15 WpHG: United Internet decides to buy back treasury shares again
Montabaur, June 30, 2016. The Management Board of United Internet AG today resolved to launch a new share buyback program. In the course of this new share buyback program, up to 5,000,000 company shares (corresponding to approx. 2.44% of capital stock) are to be bought back via the stock exchange. The resolution follows the authorization of the Annual Shareholders' Meeting of May 22, 2014 to buy back treasury shares representing up to 10% of the company's capital stock. The authorization was issued for the period up to September 22, 2017.
At the same time, the current share buyback program adopted by the Management Board on June 13, 2014 – also based on the authorization of the Annual Shareholders' Meeting of May 22, 2014 – was ended. In the course of this share buyback program, a total of 800,000 treasury shares were repurchased. United Internet currently holds 411,358 treasury shares. This corresponds to around 0.20% of the capital stock of EUR 205,000,000.
Treasury shares can be used for all purposes permitted under the regulations of Germany’s Stock Corporation Law and stated in the authorization of the Annual Shareholders' Meeting of May 22, 2014, in particular for current and future employee stock ownership plans and / or as an acquisition currency, but may also be cancelled.