United Corporations Limited (TSX:UNC) announces a share repurchase program. Under the substantial issuer bid, the company will repurchase up to $40 million. The shares will be repurchased at a price of not less than $105 per share and not more than $125 per share. If the aggregate purchase price for shares validly tendered and purchase price tenders is greater than the amount available for auction tenders and purchase price tenders, the company will purchase shares from the shareholders who made purchase price tenders or tendered at or below the finally determined purchase price on a pro rata basis, except that "odd lot" holders (holders of less than 100 Shares) will not be subject to proration. The repurchases will commence on November 10, 2023, and will end on December 15, 2023. As of November 7, 2023, the company has 11,595,448 common shares outstanding.

Computershare Investor Services Inc. acted as depositary, TD Securities Inc. acted as financial advisor and dealer manager to the company.