Share Repurchase Plan revealed by United Financial Bancorp Inc

Jun 23, 2008 (M2 EQUITYBITES via COMTEX) -- UBNKD | Quote | Chart | News | PowerRating -- United Financial Bancorp Inc (Nasdaq:UBNK), the bank holding company for United Bank, revealed on 20 June that at the annual stockholders' meeting, on 10 June 2008, its plan to repurchase stock to fund awards of restricted stock, contemplated under the company's 2008 Equity Incentive Plan, was approved by its board of directors. In accordance with a Rule 10b5-1 trading plan, the company will repurchase up to 359,581 shares in open-market or privately negotiated transactions, at prevailing market prices and conditions.

As of 19 June 2008, there were 17,763,747 common shares outstanding and the authorised share repurchases represent about 2.0% of the company's total outstanding.

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