UIE PLC COMPANY ANNOUNCEMENT
No. 57/2017
UIE'S SHARE BUY-BACK PROGRAMME
Copenhagen, 27 November 2017
On 15 June 2016, UIE announced two parallel share buy-back programmes; a 'Safe Harbour' programme and a 'Block Trade' programme. Both programmes with the purpose of reducing the share capital cf. Company Announcement No. 6/2016.
The total number of shares to be bought - including the shares bought under the Safe Harbour programme - may not exceed 5% of the share capital, of which a maximum of 100,000 shares (or a maximum of 2.81% of the outstanding shares) will be purchased in accordance with the provisions of European Commission Regulation No. 2273/2003 of 22 December 2003 - also called the 'Safe Harbour regulation'. The Safe Harbour programme is structured in such a way that it also complies with Regulation No. 596/2014 of 16 April 2014, which entered into force on 3 July 2016. The maximum amount to be invested by UIE under the Safe Harbour programme is DKK 100 million.
The Safe Harbour programme runs from 20 June 2016 and will end no later than 31 December 2017. The total pro- gramme will end no later than 31 December 2017.
The following transactions have been made under the programme:
SHARES BOUGHT UNDER THE SAFE HARBOUR RULESDate | Number of shares | Average market price | Transaction value, DKK |
Accumulated as at 17 November 2017 | 69,931 | 1,282.81 | 89,708,489 |
20 November 2017 | 150 | 1,291.43 | 193,714 |
21 November 2017 | 150 | 1,279.75 | 191,962 |
22 November 2017 | 206 | 1,278.25 | 263,320 |
23 November 2017 | 100 | 1,282.50 | 128,250 |
24 November 2017 | - | - | - |
Accumulated under the programme | 70,537 | 1,282.81 | 90,485,735 |
Date | Number of shares | Average market price | Transaction value, DKK |
Accumulated as at 17 November 2017 20 - 24 November 2017 | 48,995 - | 1,197.38 - | 58,665,555 - |
Accumulated under the programme | 48,995 | 1,197.38 | 58,665,555 |
Following above transactions, UIE owns a total of 119,532 shares with a nominal value of USD 10 each, corresponding to 3.36% of the share capital. The total number of shares in UIE is 3,555,575 including treasury shares.
In accordance with Regulation (EU) No 596/2014, transactions related to the share buy-back programme are presented in detailed form in the following spreadsheet: Transactions_sharebuyback_27112017.pdf
Yours faithfully,
UNITED INTERNATIONAL ENTERPRISES LIMITED
PLANTATIONS HOUSEH.C. ANDERSENS BOULEVARD 49 DK-1553 COPENHAGEN V
TLF.: +45 3393 3330 WEB: WWW.UIE.DK
E-MAIL: UIE-INFO@PLANTATIONS.BIZ
CONTACT PERSON:
MR. ULRIK JUUL ØSTERGAARD, MANAGING DIRECTOR E-MAIL: UO@PLANTATIONS.BIZ
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