EQS-News: United Internet AG / Key word(s): Share Buyback
United Internet acquires 13.9 million treasury shares as part of the public share buyback offer
01.03.2023 / 20:36 CET/CEST
The issuer is solely responsible for the content of this announcement.
United Internet acquires 13.9 million treasury shares as part of the public share buyback offer
MAY NOT BE TRANSMITTED OR DISTRIBUTED, DIRECTLY OR INDIRECTLY, IN OR WITHIN THE UNITED STATES OF AMERICA, CANADA, AUSTRALIA OR JAPAN. OTHER RESTRICTIONS APPLY. PLEASE SEE THE IMPORTANT INFORMATION AT THE END OF THIS NOTICE.
Montabaur, March 1, 2023. As part of United Internet AG’s public share buyback offer announced on February 14, 2023, the company was offered a total of 27,553,147 shares by the end of the offer period. The offer was based on the buyback of a total of up to 13.9 million shares. Since the total number of shares for which the offer was accepted has exceeded this maximum amount, the declarations of acceptance will be considered proportionately, i.e. in accordance with the ratio of the maximum number of United Internet shares that can be acquired according to the offer, i.e. 13.9 million United Internet shares, on the total number of United Internet shares tendered for buyback by United Internet shareholders. 5.0 million of the repurchased shares come from the majority shareholder Mr. Ralph Dommermuth.
Following the resolution of the Company’s Management Board on February 14, 2023 to retire 2.0 million treasury shares and thus reduce the share capital from EUR 194 million to EUR 192 million, this corresponds to the total number of 13.9 million shares repurchased as part of the public share buyback offer around 7.2% of all United Internet shares.
The company will hold approximately 10% of its share capital as treasury stock upon completion of the transaction.
The treasury shares held by United Internet carry neither voting nor dividend rights. Due to the voting rights of treasury shares, the proportion of shares with voting rights held by companies controlled by Mr. Dommermuth in relation to the total number of voting rights in United Internet AG increases from 53.02% to 54.37%.
In view of the offer price of EUR 21.00 per United Internet share, the purchase price for the buyback of a total of 13.9 million shares is EUR 291.9 million. The purchase price is expected to be available on the account of the respective custodian bank at Clearstream by March 8, 2023. Each custodian bank is instructed to credit the offer price to the account specified in the written declaration of acceptance of the respective United Internet shareholder.
Disclaimer
This announcement may not be published, distributed or transmitted in the United States of America, Canada, Australia or Japan. This notice is not directed to, and is not intended to be transmitted to or used by, any person who is a national or resident of any state, country or other jurisdiction in which the transmission, publication, use or provision occurs would violate any applicable law or would require registration or license within any such jurisdiction.
Neither this announcement nor any of its contents may be published, posted, distributed or disseminated in the United States of America using any postal service or any other means or instrument of interstate or foreign trade or the facilities of any national stock exchange of the United States of America. This includes but is not limited to facsimile transmission, email, telex, telephone and internet. Copies of this notice and other related documents may also not be sent or transmitted to or within the United States of America.
This announcement does not constitute an offer to purchase, or a solicitation of an offer to purchase, any securities of the Company in the United States of America, Germany or any other jurisdiction.
This release contains forward-looking statements. These statements are based on the current views, expectations and assumptions of the management of United Internet AG and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in the forward-looking statements . Actual results, performance or events may differ materially from those described therein, including as a result of changes in the general economic or competitive environment, risks associated with capital markets, fluctuations in exchange rates and competition from other companies, changes in a foreign or domestic legal system, in particular with regard to tax conditions affecting United Internet AG or other factors. United Internet AG assumes no obligation to update forward-looking statements.
About United Internet
With around 27 million fee-based customer contracts and 40 million advertising-financed free accounts, United Internet AG is a leading European internet specialist. At the heart of United Internet is a high-performance “Internet Factory” with over 10,300 employees, around 3,600 of whom work in product management, development and data centers. In addition to the high sales strength of its established brands (such as 1&1, GMX, WEB.DE, IONOS, STRATO and 1&1 Versatel), United Internet stands for outstanding operational excellence with around 67 million customer accounts worldwide.
contact person
United Internet AG
Lisa Pleiss
Telephone +49 2602 96-1616
[email protected]
03/01/2023 CET/CEST Release of a Corporate News/Financial News, transmitted by EQS News – a service of EQS Group AG.
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