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Investors UCB shareholders Share repurchase program

Share repurchase program

to cover UCB's Long Term Incentive plans for its employees

 

In application of article 7:215 of the Belgian Code of Companies and Associations, UCB SA/NV announced the launch of a share buy-back program, effective as of 25 March 2020.

The repurchase of UCB shares under this program intends to cover current and future obligations under UCB's Long Term Incentive Plans for its employees. UCB will continuously monitor both its current and future obligations under 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 1.2 million shares. The share repurchases will be conducted under the terms and conditions approved by the extraordinary general shareholders’ meeting of the Company held on 26 April 2018. The timing of the repurchase of shares pursuant to the program will depend on a variety of factors, including market conditions. The program 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 an initial discretionary mandate agreement with validity until 15 June 2020.