Transaction in Own Shares • May 27, 2011
Transaction in Own Shares
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Ad-hoc | 27 May 2011 16:13
United Internet decides to buy back further treasury shares
United Internet AG / Key word(s): Share Buyback
27.05.2011 16:13
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
Montabaur, May 27, 2011. The Management Board of United Internet AG (ISIN
DE0005089031) today resolved to launch a new share buyback program. In the
course of this new share buyback program, up to 7,500,000 company shares
(corresponding to approx. 3.33% 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, 2011 to buy back and sell treasury shares
representing up to 10% of the company's capital stock. The authorization
was issued for the period up to November 26, 2012.
The Annual Shareholders' Meeting of May 26, 2011 revoked the former
authorization of June 2, 2010 to acquire and sell treasury shares on expiry
of May 26, 2011 with effect in future. The last share buyback program
adopted on the basis of this authorization on April 11, 2011, during which
1,500,000 treasury shares were to be repurchased, will thus no longer be
continued.
United Internet AG currently holds 15,000,000 treasury shares,
corresponding to around 6.67% of capital stock.
Treasury shares can be used for all purposes stated in the authorization of
the Annual Shareholders' Meeting of May 26, 2011, in particular for current
and future employee stock ownership plans and / or as an acquisition
currency. However, they may also be cancelled without any further
resolution of the Annual Shareholders' Meeting.
Marcus Schaps
Head of Press and Public Relations
United Internet AG
Elgendorfer Strasse 57
56410 Montabaur
Germany
Tel: +49 2602/96-1076
Fax: +49 2602/96-1013
E-mail: [email protected]
Internet: www.united-internet.de
27.05.2011 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
Language: English
Company: United Internet AG
Elgendorfer Straße 57
56410 Montabaur
Deutschland
Phone: +49 (0)2602 / 96 - 1100
Fax: +49 (0)2602 / 96 - 1013
E-mail: [email protected]
Internet: www.united-internet.de
ISIN: DE0005089031
WKN: 508903
Indices: TecDAX
Listed: Regulierter Markt in Berlin, Frankfurt (Prime Standard);
Freiverkehr in Düsseldorf, Hamburg, Hannover, München,
Stuttgart
End of Announcement DGAP News-Service
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