U10 SA announces an Equity Buyback for 1,378,987 shares, representing 7.4% for €5.67 million.
May 23, 2017
Share
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.
As an international distribution provider, U10 Corp is engaged in a value-added generator skill by creating customized products and services lines in the home and personal equipment. The group's offer is based primarily on a positioning in the interior design and home accessories universe, on the form of trendy items adapted according to the seasons and marketed in large quantity in the mass market. The group's first feature lies in the design of range. A range is a line of end products coordinated around a theme, designed for presentation through a self-service corners concept in the distributors' stores. The group's activity is organized around 2 forms:
- Europe division (80.7% of net sales): complementary customized services provision to customers (design of the ranges and conditioning, linear implantation, regular visit of the outlets, etc.);
- Asia division (19.3%): on the international stage, the focus is on the ranges customizing and manufacturers monitoring.
Products are manufactured by subcontractors.
Net sales are distributed geographically as follows: France (79.8%), European Union (11.3%) and other (8.9%).
U10 CORP 
