UCB (EBR:UCB) UCB Media Room: Share Repurchase Program 2024 to cover UCB's Long Term Incentive Plans for employees
Directive transparence : information réglementée Communiqué sur comptes, résultats, chiffres d’affaires
29/03/2024 20:00
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** Share Repurchase Program 2024 to cover UCB's Long Term Incentive Plans f=
or employees
------------------------------------------------------------
Brussels (Belgium), 29 March 2024 =E2=80=93 20:00 (CET) =E2=80=93 Regulated=
information=C2=A0
In application of article 7:215 of the Belgian Code of Companies and Associ=
ations, UCB SA/NV (=E2=80=9CUCB=E2=80=9D or the =E2=80=9CCompany=E2=80=9D) =
(Euronext Brussels: UCB) announces the launch of a share buy-back program (=
the =E2=80=9CShare Repurchase Program 2024=E2=80=9D), effective as of 2 Apr=
il 2024.=C2=A0
The repurchase of UCB shares under this program intends to cover current an=
d future obligations under UCB's Long Term Incentive Plans for its employee=
s. UCB will continuously monitor both its current and future obligations un=
der such plans in view of keeping an adequate level of treasury shares.
Under this program, UCB may acquire from time to time its common stock, for=
a maximum of 1,300,000 UCB shares. The share repurchases will be conducted=
under the terms and conditions approved by the extraordinary general share=
holders=E2=80=99 meeting of the Company held on 28 April 2022. The timing o=
f the repurchase of shares pursuant to the program will depend on a variety=
of factors, including market conditions. The Share Repurchase Program 2024=
may be suspended or discontinued at any time.
UCB has requested a financial intermediary to repurchase UCB shares on its =
behalf under the terms of a mandate agreement with initial validity until t=
he earlier of 30 June 2024 or the mandate having been completed.=C2=A0
During the Share Repurchase Program 2024, regular updates will be published=
in accordance with applicable legislation.
In the framework of UCB=E2=80=99s ongoing cash and treasury shares manageme=
nt, UCB may decide to enter into equity swap transactions, including during=
the term of this Share Repurchase Program 2024. Any such transaction will =
be reported in accordance with applicable legislation.
This press release is available on UCB SA/NV=E2=80=99s website via the foll=
owing link (https://u7061146.ct.sendgrid.net/ls/click?upn=3Du001.gqh-2BaxUz=
lo7XKIuSly0rC4Oa12rFuiaXNgb0F6L7ybSCidGRlUFwTxzrkzCt6dOMzdZPcjqPbg8jratFLJj=
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cjhFot3M-2BbE0O-2Bmv9TLm20-3D .
For further information, contact UCB:=C2=A0
Investor Relations
Antje Witte=C2=A0
T +32 2 559 94 14
antje.witte@ucb.com
Corporate Communications
Laurent Schots=C2=A0
T+32 2 559 92 64
laurent.schots@ucb.com =C2=A0=C2=A0 =C2=A0
About UCB
UCB, Brussels, Belgium (www.ucb.com) is a global biopharmaceutical company =
focused on the discovery and development of innovative medicines and soluti=
ons to transform the lives of people living with severe diseases of the imm=
une system or of the central nervous system. With approximately 9,000 peopl=
e in approximately 40 countries, the company generated revenue of =E2=82=AC=
5.3 billion in 2023. UCB is listed on Euronext Brussels (symbol: UCB). Foll=
ow us on Twitter: @UCB_news.
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240322 - PR UCB Programme de rachat d actions propres 2024 - FR Final (http=
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