3U Holding AG commences an Equity Buyback Plan for 3,670,051 shares, representing 10% of its issued share capital, under the authorization approved on May 15, 2023.

3U Holding AG (XTRA:UUU) commences share repurchases on May 15, 2023, under the program mandated by shareholders in the Annual General Meeting held on May 15, 2023. As per the mandate, the company is authorized to repurchase up to 3,670,051 shares, representing 10% of its share capital. If the repurchase is made through the stock exchange, the repurchase will be the arithmetic mean of the prices of the company's shares on stock exchange during last 10 trading days when the purchase is carried out.

If repurchase is made through public offer, the repurchase price should not deviate more or less than 10% from the price on last trading day. The authorization will be valid till May 14, 2028. As of April 1, 2023, the company had 36,700,514 issued shares.