Public disclosure of inside information according to article 17 MAR
UBM Development AG: UBM resolves on share buyback programme for the purchase of own shares
Maximum volume: 10% of the share capital, Maximum number of shares: 747.218 no-par value shares
Vienna (pta022/12.03.2025/11:40 UTC+1)
Based on the authorization resolution granted by the 142nd Annual General Meeting of 19 May 2023, the Management Board of UBM Development AG (UBM or Company) has passed a resolution to carry out a share buyback programme for the purpose of acquiring shares for no specific use (zweckfreier Erwerb) in accordance with section 65 para 1 (8) of the Austrian Stock Corporation Act (Aktiengesetz; AktG), probably in the period from 18 March 2025 (inclusive) to presumably 18 November 2025, and to buy back own shares of UBM up to a maximum of 747,218 shares or up to 10% of the share capital of the Company at a price between EUR 7.00 and a maximum of 10% above the average, unweighted stock exchange closing price of the ten trading days preceding the buyback. The maximum capital requirement for this is EUR 3.0 million.
The share buyback shall take place exclusively on the Vienna Stock Exchange as well as via multilateral trading systems and shall be used for any purpose permitted under section 65 para 1 (8) AktG. The share buyback will have no effect on the stock exchange listing of the UBM shares.
The details of the share buyback programme will be published on the publicly accessible website of the Company under https://www.ubm-development.com/de/investor-relations/aktie/corporate-actions/.
A credit institution licensed in Austria was mandated to execute the share buyback. The credit institution has to take its decision on the timing of the buyback of Company shares independently of and not influenced by the Company and has to comply with the conditions for trading (Handelsbedingungen) set out in Article 3 of the Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016
Terms and conditions of the share buyback programme:
| 1. Date of the authorization resolution of the Annual General Meeting: | Resolution of the Annual General Meeting pursuant to section 65 para 1 (4) and (8) as well as para 1a and para 1b of the 142nd Annual General Meeting of 19 May 2023. |
| 2. Date and way of publication of the resolution of the Annual General Meeting: | The resolution of the Annual General Meeting was published on 19 May 2023 via an electronically operated information dissemination system pursuant to section 119 para 7 and para 9 of the Austrian Stock Exchange Act 2018 (Börsegesetz; BörseG 2018) in connection with section 2 Austrian Publication Regulation 2018 (Veröffentlichungsverordnung 2018). |
| 3. Commencement and expected term of the share buyback programme: | The share buyback programme will commence on 18 March 2025 (inclusive) and is expected to be in place until presumably 18 November 2025. |
| 4. Types of shares: | The share buyback programme relates to the no-par value bearer shares of UBM Development AG (ISIN AT0000815402). |
| 5. Intended maximum volume of the share buyback: | Buyback of up to 747,218 shares (corresponding to up to 10% of the share capital of the Company). |
| 6. Maximum and minimum amount to be paid per share: | In accordance with the authorisation resolution of the Annual General Meeting and the implementing resolution of the Management Board of UBM, the amount to be paid per share for the share buyback shall not be lower than EUR 7.00 (lower price limit) and not higher than a maximum of 10% above the average, unweighted stock exchange closing price of the ten trading days preceding the buyback. The maximum purchase price for shares under the share buyback program is EUR 3.0 million in total. |
| 7. Type and purpose of the share buyback: | The share buyback shall be carried out exclusively on the stock exchange as well as via multilateral trading facilities and shall serve any purpose permissible pursuant to section 65 para 1 (8) AktG. |
| 8. Any impact of the share buyback programme on the listing of Company shares: | None. |
| 9. Number and allocation of the share options to be granted or already granted to employees, executive employees and to the individual members of the governing bodies of the Company or of an affiliated company of the Company: | Not applicable. |
UBM Development AG hereby notifies pursuant to section 5 para 4 of the Austrian Publication Regulation 2018 (Veröffentlichungsverordnung; VVO) that the details to be published pursuant to section 7 VVO regarding the transactions carried out within the scope of this share buyback programme as well as any amendments to the share buyback programme to be published pursuant to section 6 VVO will be published on the website of UBM Development AG (www.ubm-development.com) under the section 'Investor Relations' – 'Corporate Actions' (https://www.ubm-development.com/de/investor-relations/aktie/corporate-actions/).
(end)
| Emitter: |
UBM Development AG Laaer-Berg-Straße 43 1100 Wien Austria |
|
|---|---|---|
| Contact Person: | Christoph Rainer | |
| Phone: | +43 664 80 1873 200 | |
| E-Mail: | investor.relations@ubm-development.com | |
| Website: | www.ubm-development.com | |
| ISIN(s): | AT0000815402 (Share) AT0000A2AX04 (Bond) AT0000A2QS11 (Bond) AT0000A35FE2 (Bond) AT0000A3FFK1 (Bond) XS2355161956 (Bond) | |
| Stock Exchange(s): | Vienna Stock Exchange (Official Trade); Free Market in Frankfurt (Scale) |