PresseBox
Press release BoxID: 400223 (3U HOLDING AG)
  • 3U HOLDING AG
  • Frauenbergstraße 31-33
  • 35039 Marburg
  • http://www.3u.net
  • Contact person
  • Peter Alex
  • +49 (6421) 999-1200

3U HOLDING AG completes share buy-back program

(PresseBox) (Marburg, ) On January 21, 2011, 3U HOLDING AG (ISIN DE0005167902) has completed the share buy-back program, which was launched on July 19, 2010.

By January 21, 2011, a total of 3,117,500 shares with a proportionate amount of the share capital of EUR 3,117,500.00 had been repurchased at an average price of EUR 0.7338 for a total consideration of EUR 2,287,716.80. In addition, 3U HOLDING AG possesses 1,242,240 own shares which it had received within the scope of a settlement with former managers of the OneTel Telecommunication GmbH.

In sum, 3U HOLDING AG possesses 4,359,740 (in words: four millions three hundred fifty-nine thousand seven hundred forty) shares with a proportionate amount of the share capital of 4,359,740.00 EUR. With it, the resolution passed by the general meeting from August 28, 2009, which authorized the share buy-back of 10% of the share capital (currently 43,597,526.00 EUR), has been executed.

A decision on the use of the acquired shares has not been made yet. The resolution passed by the general meeting from August 28, 2009 intends expressly also redemption of the acquired shares.