United Bankers Plc commences the repurchase of own shares from Nasdaq Helsinki Ltd
United Bankers Plc
STOCK EXCHANGE RELEASE 22 March 2024 at 16:15 EET
United Bankers Plc commences the repurchase of own shares from Nasdaq Helsinki Ltd
The Board of Directors of United Bankers Plc has decided to commence the repurchase of the Company’s own shares based on the authorisation granted by the Annual General Meeting on 22 March 2024. United Bankers will acquire a maximum of 50,000 own shares, corresponding to a maximum of approximately 0.46 per cent of all the shares in the Company. The total value of the acquisitions may not exceed EUR 1,000,000.
The repurchase of own shares will commence on 25 March 2024 at the earliest and will end on 21 March 2025 at the latest or on the last trading day before the Annual General Meeting of 2025. The shares will be acquired in public trading on Nasdaq Helsinki at the market price at the time of repurchase.
On 22 March 2024, the Annual General Meeting authorised the Board of Directors to decide on the repurchase of a maximum of 150,000 own shares with the Company's unrestricted equity. The Company's own shares may be repurchased, among other things, to develop the Company's capital structure, to finance or carry out acquisitions, investments or other business transactions, or to be used in the Company's incentive or remuneration plans.
The Company has 10,773,043 shares. The Company currently holds 719 treasury shares, which corresponds to approximately 0.01 per cent of the Company's issued shares.
Additional information:
Patrick Anderson, CEO, United Bankers Plc
Email: patrick.anderson@unitedbankers.fi
Telephone: +358 400 244 544, +358 9 25 380 236
Investor Relations: ir@unitedbankers.fi
United Bankers in brief:
United Bankers Plc is a Finnish expert on wealth management and investment markets, established in 1986. United Bankers Group’s business segments include wealth management and capital markets services. In asset management, the Group specialises in real asset investments. United Bankers Plc is majority-owned by its key personnel and the Group employs 160 employees (FTE) and 31 agents (31 December 2023). In 2023, the United Bankers Group’s revenue totalled EUR 52.1 million and its adjusted operating profit amounted to EUR 16.9 million. The Group’s assets under management amount to approximately EUR 4.6 billion (31 December 2023). United Bankers Plc’s shares are listed on Nasdaq Helsinki Ltd. The Group companies are subject to the Finnish Financial Supervisory Authority’s supervision. For further information on United Bankers Group, please visit www.unitedbankers.fi.
DISTRIBUTION:
Nasdaq Helsinki
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