United Internet AG

  • WKN: 508903
  • ISIN: DE0005089031
  • Land: Deutschland

Nachricht vom 01.04.2020 | 22:32

United Internet resolves share buyback program for up to EUR 150 million

United Internet AG / Key word(s): Share Buyback
United Internet resolves share buyback program for up to EUR 150 million

01-Apr-2020 / 22:32 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Montabaur, April 1, 2020. With the approval of the Supervisory Board, the Management Board of United Internet AG has today resolved to launch a new share buyback program. In the course of this share buyback program up to 5,000,000 shares of the company (corresponding to approx. 2.58 % of the share capital of EUR 194,000,000) are to be bought back via the stock exchange. The volume of the share buyback program amounts to EUR 150 million in total. The program is to be launched on April 3, 2020 and will last at the latest until August 31, 2020.

United Internet AG is thus utilizing the authorization issued by the company's Annual Shareholders' Meeting of May 18, 2017 to buy back shares until September 18, 2020 representing up to 10% of the company's share capital at the time of the resolution or, if the amount is lower, at the time when exercising the authorization. On the basis of the authorization, 12,635,523 shares (approx. 6.51 % of the share capital) have already been bought back. The company currently holds 6,338,513 treasury shares from previous share buyback programs, corresponding to approx. 3.27 % of the share capital.

Treasury shares can be used for all purposes permitted by the authorization of the Annual Shareholders' Meeting of May 18, 2017. The shares may also be cancelled.

The share buyback will be based upon the provisions of Regulation (EU) No. 596/2014 and the Commission Delegated Regulation (EU) 2016/1052. Further details will be published before the start of the share buyback program. United Internet AG reserves the right to cancel the share buyback program at any time.

 

Contact partner
United Internet AG
Mathias Brandes
Tel: +49 2602 96-1616
presse@united-internet.de


Note
In the interests of clear and transparent reporting, the annual financial statements and interim statements of United Internet AG, as well as its ad-hoc announcements pursuant to Art. 17 MAR, contain additional financial performance indicators to those required under International Financial Reporting Standards (IFRS), such as EBITDA, EBITDA margin, EBIT, EBIT margin and free cash flow. Information on the use, definition and calculation of these performance measures is provided in the Annual Financial Statements 2019 of United Internet AG from page 23 onwards.


01-Apr-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de



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