The Annual General Meeting has authorized United Internet AG on May 18, 2017 to acquire treasury stock in accordance with Sec. 71 Par. 1 No. 8 German Stock Corporation Act (AktG) up to a total of 10% of the capital stock. The authorization was issued for the period up to September 18, 2020.
Treasury shares can be used for all purposes stated in the authorization of the Annual Shareholders' Meeting of May 18, 2017, in particular for current and future employee stock ownership plans and / or as an acquisition currency, or may also be cancelled.
United Internet held 4,702,990 treasury shares as of December 31, 2018, corresponding to 2.29% of total capital stock of EUR 205,000,000.
Share buyback program
The share buyback program announced by United Internet AG by means of an ad hoc notification on August 14, 2019 will be conducted starting on August 16, 2019. Treasury shares of the company with an aggregate acquisition cost of up to EUR 192 million (excluding incidental purchasing costs), however, in total no more than 6,000,000 shares, shall be repurchased exclusively via the Frankfurt stock exchange (XETRA) over a period of time not to extend beyond March 31, 2020.
Share buyback since 16 August 2019
|Date||Number of shares||Average price in €||Volume in €||Transaction details|
|16 August 2019||74,866||27.5026||2,059,099.65||details [xls]|
|19 August - 23 August 2019||365,000||28.6851||10,470,061.50||details [xls]|
|26 August - 30 August 2019||200,000||29.1643||5,832,860.00||details [xls]|
|02 Sept. - |
06 Sept. 2019
|16 Sept. - |
20 Sept. 2019
|23 Sept. - 27 Sept. 2019||115,528||32.0984||3,708,263.96||details [xls]|
|30 Sept. - 4 October 2019||90,912||32.3226||2,935,557.57||details [xls]|
|31 Oct. - 1 November 2019||297,000||27.0416||8,031,355.20||details [xls]|
|04 Nov. - 08 November 2019||681,904||28.2115||19,237,534.70||details [xls]|