The Management Board of UNIQA Versicherungen AG resolved on 21 September 2010 to take advantage of the authorisation to repurchase shares through the Vienna Stock Exchange granted by the 2010 Annual General Meeting. This authorisation is for up to 14,298,521 notional no-par shares made out to the bearer, which corresponds to a maximum of 10% of the company’s share capital. The Supervisory Board agreed to the Management Board’s decision on the same day. The fifth buy-back programme started on 19 November 2010 and will provisionally extend to 18 May 2013.
The purpose of the repurchase is to improve the supply and demand for UNIQA’s shares on the Vienna Stock Exchange, whereby the trade in own shares as a pecuniary reward is excluded. UNIQA reserves the right, if desired, to use its own purchased shares to implement an employee shareholding scheme. The countervalue of each repurchased share may not be less than €8.00 and not more than €25.00. By the end of 2010, however, UNIQA had not repurchased any shares in the context of this buy back programme.
