FX.co ★ UniCredit Announces Launch Of 2024 SBB Anticipation - Quick Facts

UniCredit S.p.A. (UCG, UNCFF.PK) announced, following authorization at the shareholders' meeting on April 12, 2024, that it has outlined the details for executing the share buy-back program. This program pertains to the anticipated distributions for fiscal year 2024, amounting to 1.7 billion euros. The repurchases are scheduled to commence on September 16, 2024, and are expected to conclude by November 2024.

The UniCredit shares to be acquired through this buy-back initiative will be canceled in accordance with the resolution passed at the shareholders' meeting.