U10 SA announces an Equity Buyback for 1,378,987 shares, representing 7.4% for €5.67 million.
May 23, 2017
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U10 SA (ENXTPA:UDIS) commences share repurchases on May 24, 2017 under the program mandated by the shareholders in the General Meeting held on June 16, 2016. As per the mandate, the company is authorized to repurchase up to 1,378,987 shares, representing 7.4% of its issued share capital, for a total of €5.67 million. The company will repurchase its shares from Amiral Gestion. The shares will be repurchased at a price of €4.11 per share. The repurchased shares will be cancelled. The repurchases will be funded from the company’s cash holdings.
Since 1994, U10 Corp has been a BtoB supplier of home furnishings, delivering to its customers' points of sale in more than 50 countries.
In Europe, U10 Corp is a permanent supplier to the retail sector, mainly for household linen, pet supplies, bathroom accessories, household and storage accessories. Through its "Douceur d'intérieur", "Love Story" and "Homéa" brands, the collection represents 20,000 items in 15 universes delivered to over 5,000 addresses throughout the year.
Through its Asia division, U10 Corp organizes, monitors and controls production and product quality for its own imports and for its customers.
Overall, more than 300 employees, a 45-strong sales force, a portfolio of services focused on customer needs and performance, demanding logistics and supply chain management, and a product offering tailored to demand are the essential attributes of U10 Corp to meet these needs.