| Element List | Explanation |
|---|---|
| Introduction | United Electronics Company (eXtra) announces its intention to purchase its own shares to hold them as treasury shares, with a maximum of 2,494,396 ordinary shares to be purchased. |
| Board of director’s recommendation date | 2026-08-03 Corresponding to 1448-02-20 |
| Purpose of Purchase | to be held as Treasury Shares |
| Purpose of Purchase (If the Purpose to Keep the Shares as Treasury Shares) | The Board of Directors considers that the Company's market share price is below its fair value |
| Number of Shares to be Bought | 2494396 |
| Shares Class and type | Ordinary shares |
| Method of Financing the Purchasing Process | The purchase of shares will be financed through the company's internal resources |
| Current Percentage of the Treasury Shares at the Company out of the Total Class of Shares Purchased | 6.88 % |
| Approvals and Meeting the Conditions of Financial Appropriateness | Extraordinary General Assembly Approval must be Obtained for the shares buy-back transaction, also financial solvency requirements contained in Implementing Regulations issued pursuant to the Companies Law shall be fulfilled |
| Voting Right | Purchased Shares Shall not Have Voting Rights in the General Assembly’s Meetings |
United Electronics Company (eXtra) announces the Board of Directors' recommendation to Buy-back its Shares with a maximum limit of 2,494,396 shares
AI Summary
- United Electronics Company (eXtra) Board of Directors recommended a share buy-back of up to 2,494,396 ordinary shares to be held as treasury shares.
- The board intends to finance the purchase through internal resources, citing that the current market price is below the company's fair value.
- The transaction is subject to approval by the Extraordinary General Assembly and the fulfillment of financial solvency requirements.
- The company currently holds 6.88% of its total shares as treasury shares, and the repurchased shares will not have voting rights in general assembly meetings.
