PresseBox
Press release BoxID: 315645 (United Internet AG)
  • United Internet AG
  • Elgendorfer Straße 57
  • 56410 Montabaur
  • http://www.unitedinternet.de
  • Contact person
  • Marcus Schaps
  • +49 (2602) 96-1076

United Internet plans buyback of its own shares

(PresseBox) (Montabaur, ) 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.