United International Enterprises Limited (CPSE:UIE) commences share repurchases on March 3, 2021, under the program mandated by the shareholders in the Annual General Meeting held on May 19, 2020. As per the mandate, the company is authorized to repurchase up to 5% of its issued share capital. The purchase price must not deviate more than 10% from the price quoted on NASDAQ OMX Copenhagen A/S at the time of acquisition. The repurchased shares will be held in treasury. The program will run till May 19, 2025. As of March 2, 2020, the company had 3,372,769 issued shares. On March 2, 2021, the company initiated two parallel share buy-back programs, a Safe Harbour program and a Block trade program. The total number of shares to be bought including the shares bought under the ‘Safe Harbour’ program may not exceed 4% of the share capital, under which the company will purchase a maximum of 130,000 shares, representing 3.85% of outstanding shares. The maximum amount to be invested by UIE under the Safe Harbour program is DKK 210 million. The purpose of the program is to reduce the share capital of the company. The program will run in the period from March 3, 2021 and will end no later than December 31, 2022. On June 15, 2021, the company announced that it has completed its share buy-back program, under the program the company has completed the repurchase of 130,000 shares for a total consideration of DKK 215.3 million.