EANS-Adhoc: United Internet plans buyback of its own shares
14.01.2010 | 16:35 Uhr-------------------------------------------------------------------------------- ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------------
14.01.2010
Montabaur, January 14, 2010. The Management Board of United Internet AG (ISIN: DE 000 508 903 1) today resolved to buy back up to 5,000,000 of the company´s shares (corresponding to around 2.08% of capital stock) 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.
United Internet currently holds 10,272,371 treasury shares, corresponding to around 4.28% of capital stock.
The repurchased 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.
end of announcement euro adhoc --------------------------------------------------------------------------------
Further inquiry note:
Marcus Schaps Press spokesman of United Internet AG United Internet AG Elgendorfer Strasse 57 56410 Montabaur Germany Tel: +49 2602/96-1076 Mobil: +49 173/5112703 Fax: +49 2602/96-1013 E-mail: mschaps@united-internet.de Internet: www.united-internet.de Branche: Telecommunications Services ISIN: DE0005089031 WKN: 508903 Index: Midcap Market Index, TecDAX, CDAX, HDAX, Prime All Share, Technology All Share Börsen: Frankfurt / regulated dealing/prime standard Berlin / free trade Hamburg / free trade Stuttgart / free trade Düsseldorf / free trade Hannover / free trade München / free trade