UNI - EN REPORT No30/2017
On 6 July 2017 the 23rd Annual General Meeting authorized the Management Board for the acquisition of treasury shares in accordance with the Article 247 of the Companies Act. The company is disclosing that it will commence with the acquisition of treasury shares in accordance with this authorization under following conditions:
The maximum pecuniary amount allocated to the programme is EUR 227,820,770.
The maximum number of shares to be acquired is 2,720,248.
Duration of the programme is 36 months from the date of the General Meeting authorization.
Shares will be acquired on the regulated market at the respective market price and under the terms, that will not have an influence on the prevailing market conditions. The public will be regularly informed about these acquisitions of treasury shares.
The company may dispose the treasury shares acquired under this authorisation in exchange for equity-stakes in other companies by pursuing its M&A strategy, or by selling them to a strategic partner.