On 6 March 2018, UIE announced two parallel share buy-back programmes; A Safe Harbour programme and a block trade programme. Both programmes were initiated with the purpose of reducing the share capital, cf. Company Announcement No. 6/2018.
When the share buy-back programmes were initiated, the UIE shares traded with a holding discount of approximately 25%. As the holding discount has been reduced to today’s level of approximately 15%, UIE’s Board of Directors resolved to stop the share buy-back programmes on 20 November 2018.
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