Ad-hoc | 15 August 2006 09:50
United Internet plans further repurchase of its own shares
Ad hoc announcement transmitted by DGAP – a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Ad-hoc announcement acc. to Sec. 15 WpHG: share buyback
United Internet plans further repurchase of its own shares
Montabaur, August 15, 2006. After completing the share buyback decided on
May 23, 2006, the Management Board of United Internet AG (Elgendorfer Str.
57, 56410 Montabaur, ISIN: DE 000 508 903 1) today resolved to buy back a
further up to 5,000,000 company shares (representing approx. 2.00% of
capital stock) via the stock exchange. The resolution follows the
authorization of the Annual Shareholders’ Meeting of June 13, 2006 to buy
back up to 10% of the company’s capital stock. The authorization was issued
for the period up to December 12, 2007.
From May 23, 2006 to August 11, 2006 United Internet AG bought back a total
of 8,000,000 shares and thus completely exhausted the Management Board
resolution of May 23, 2006. This resolution was based on an authorization
of the Annual Shareholders’ Meeting of May 18, 2005 to buy back up to 10%
of the company’s capital stock. The authorization was issued for the period
up to November 17, 2006.
The shares were purchased for an average price of EUR 9.649. The total
purchase price thus amounted to around EUR 77.2 million.
The repurchased shares are to be used for current and future employee stock
ownership plans and/or as an acquisition currency.
Marcus Schaps
Press spokesman
United Internet AG
Elgendorfer Strasse 57
56410 Montabaur
Germany
Tel: +49 2602/96-1076
Fax: +49 2602/96-1013
E-mail: mschaps@united-internet.de
Internet: www.united-internet.de
(c)DGAP 15.08.2006
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Language: English
Issuer: United Internet AG
Elgendorfer Straße 57
56410 Montabaur Deutschland
Phone: +49 (0)260 296-1631
Fax: +49 (0)260 296-1013
E-mail: Investor-Relations@United-Internet.de
WWW: www.United-Internet.de
ISIN: DE0005089031
WKN: 508903
Indices: TecDAX
Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin-Bremen, Stuttgart, München, Hamburg, Düsseldorf
End of News DGAP News-Service
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