United Bankers Oyj commences an Equity Buyback Plan for 150,000 shares, representing 1.39% of its issued share capital, under the authorization approved on March 22, 2024.

United Bankers Oyj (HLSE:UNITED) commences share repurchases on March 25, 2024, under the program mandated by the shareholders in the Annual General Meeting held on March 22, 2024. As per the mandate, the company is authorized to repurchase up to 150,000 shares, representing 1.39% of its issued share capital. The repurchases will be funded from the company's unrestricted equity. The purpose of the program is to develop the company?s capital structure, possible acquisitions, to finance investments or other business arrangements or to implement or use in the company?s incentive or reward schemes or otherwise for further assignment or cancellation. The authorization is valid until the end of the next Annual General Meeting, however, not later than June 30, 2025. As of March 1, 2024, the company had a total 10,773,043 shares in issue of which 18,716 shares were in treasury.

On March 22, 2024, the company announced a share repurchase program. Under the program, the company will repurchase 50,000 of its own shares, representing approximately 0.46% of the share capital, for a value not exceeding ?1 million. The repurchase will start no earlier than March 25, 2024, and will end on March 21, 2025 at the latest or on the last trading day before the Annual General Meeting of 2025.