Today UMT's Management Board has resolved to start a program for repurchasing shares. Basis for this repurchase is the authorization of the Annual General Meeting of 12 June 2015, to acquire own shares up to an amount of 10 % of the share capital until 31 May 2020. The Management Board plans to acquire up to 900,000 shares (this corresponds to 5.15 % of today's capital stock) until 30 June 2018.

The shares are acquired via the stock exchange. This means that the exchange rate per share paid by the company (excluding incidental costs) may not exceed the price determined on the trading day by the opening auction in the Xetra trading at the Frankfurt / Main Stock Exchange by more than 10 % or fall below the said price by more than 20 %.

UMT United Mobility Technology AG currently holds 78,606 treasury shares. This corresponds to 0.45 % of the share capital.

The treasury shares may be used for all legally permissible purposes, in particular for existing and future employee stock option programs and / or in return for participation in companies.

 

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About UMT AG:

UMT United Mobility Technology AG is a FinTech company specialising in the development and implementation of customised mobile payment and blockchain solutions, particularly for major customers. As a white label technology provider, the Company operates, amongst others, one of the largest mobile payment platforms in Europe. UMT acts as a central interface between all relevant parties such as large retail chains, banks, bonus programme providers and end consumers. UMT's technology is in live operation at around 16,000 branches and 71,000 checkouts. In Germany alone, over 14 million users can use UMT's mobile payment technology. In addition, UMT offers its customers services in the area of customer loyalty programs and smart data along the entire value chain. With the innovative LOYAL-App, UMT offers its users an efficient way to use loyalty programs and a modern mobile payment solution.

The UMT United Mobility Technology AG share (GSIN 528610, ISIN DE0005286108) is traded on the Frankfurt Stock Exchange and is listed on the Basic Board of Deutsche Boerse AG.


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