CORPORATE IT UPDATE-(C)1995-2011 M2 COMMUNICATIONS
27 May 2011 - German online services provider United Internet AG (ETR:UTDI) will launch a share buyback programme and repurchase up to 7.5m company shares via the stock exchange.
The amount of shares to be repurchased represents around 3.33% of United Internet's equity capital.
The company's decision follows an approval by the annual general meeting from 26 May 2011 for repurchasing and selling up to 10% of the company's equity capital until 26 November 2012.
United Internet currently holds 15m treasury shares, which represents around 6.67% of the company's equity capital.
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