United Internet ends share buyback early

News General Germany 13 SEP 2021
United Internet ends share buyback early

German operator United Internet said its management board has decided to end early the share buyback program, on 13 September. United Internet announced in August the launch of a share buyback worth up to EUR 160 million and as of 10 September it had spent EUR 18.7 million. The buyback was originally expected to run until April 2022, and no reason was given for ending it early. 

The company bought back a total of 514,972 shares at an average price of EUR 36.35 per share, for a total volume of EUR 18.7 million. United Internet thus holds a total of 7,284,109 of its own shares, equal to approximately 3.75 percent of the share capital.

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