EQS-Ad-hoc: United Internet AG / Key word(s): Share buyback
United Internet AG: Resolutions to reduce capital by withdrawing treasury shares and to submit a public share buyback offer
02/14/2023 / 20:15 CET/CEST
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United Internet AG: Resolutions to reduce capital by withdrawing treasury shares and to submit a public share buyback offer
Montabaur, February 14, 2023. Today, the Management Board of United Internet AG, with the approval of the Supervisory Board and based on the authorization of the Annual General Meeting of May 20, 2020, decided on the acquisition and use of treasury shares, initially redeeming 2,000,000 treasury shares and that Reduce the share capital of United Internet AG from EUR 194,000,000.00 by EUR 2,000,000.00 to EUR 192,000,000.00. The number of shares issued will decrease accordingly by 2,000,000 shares from 194,000,000 shares to 192,000,000 shares. The proportionate amount of the share capital represented by the issued shares remains unchanged at EUR 1 per share.
The cancellation of treasury shares serves to increase the pro rata participation of United Internet shareholders.
In addition, the Management Board of United Internet AG decided today, with the approval of the Supervisory Board, to make a public share buyback offer to the shareholders of United Internet AG for a total of up to 13,900,000 shares at a price of EUR 21.00 per share. The total volume of the share buyback offer is therefore up to EUR 291,900,000.
With the public share buyback offer resolved today, United Internet AG is making use of the authorization granted by the company’s Annual General Meeting on May 20, 2020, according to which up to 10% of the company’s share capital can be bought back by August 31, 2023. The shares bought back may be be used for all purposes permitted by the authorization of the Annual General Meeting of May 20, 2020. The shares can also be withdrawn.
After the cancellation of 2,000,000 shares resolved today, United Internet AG will initially hold 5,284,109 treasury shares. This corresponds to approx. 2.75% of the company’s share capital.
Further details on the public share buyback offer can be found in the offer document, which will be published on United Internet AG’s website (www.united-internet.de) under the heading “Investor Relations – Offer 2023” before the start of the offer period and thereafter in the Federal Gazette (www .bundesanzeiger.de).
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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.
Contact
United Internet AG
Lisa Pleiss
Telephone +49 2602 96-1616
[email protected]
02/14/2023 CET/CEST EQS distribution services include regulatory announcements, financial/corporate news and press releases.
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