Ad-hoc announcement acc. to Sec. 15 WpHG: United Internet plans further buyback of its own shares
Montabaur, April 20, 2010. After completion of the share buyback program adopted and announced on January 14, 2010, the Management Board of United Internet AG today resolved to launch a further share buyback program. In the course of this new share buyback program, a further up to 4,809,154 company shares (corresponding to approx. 2.00% of capital stock) are to be bought back via the stock exchange. The resolution follows the authorization of the Annual Shareholders' Meeting of May 26, 2009 to buy back shares representing up to 10% of the company's capital stock. The authorization was issued for the period up to November 25, 2010.
In the period from January 14, 2010 to April 19, 2010, United Internet AG bought back a total of 5,000,000 of its own shares and thus exhausted the scope of the share buyback program adopted on January 14, 2010. United Internet AG currently holds 15,190,846 treasury shares, corresponding to around 6.33% of capital stock.
Treasury shares can be used for all purposes stated in the authorization of the Annual Shareholders' Meeting of May 26, 2009, in particular for current and future employee stock ownership plans and / or as an acquisition currency, but may also be cancelled.