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Wiesloch, January 30, 2018 – MLP is launching a share buyback programme on 1 February for implementation of the new participation model for MLP branch managers and consultants. By the end of February 2018, MLP is anticipating acquiring shares with a value of up to EUR 2.35 million via the stock exchange. At the current price (EUR 5.62), this corresponds to a total of 418,200 shares or 0.38 percent of the capital stock.
As announced during the Annual General Meeting, MLP will use the repurchased shares for a participation programme for MLP branch managers and MLP consultants. The objective here is to further strengthen the collaborative component in the MLP business model.
The Annual General Meeting held on 29 June 2017 passed an anticipatory resolution for a share buyback programme.
We will provide detailed information on the running share buybacks on our investor relations website: share-buyback 2018