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Wiesloch, November 29, 2018 – In December, MLP will be launching a share buyback programme for implementing the participation model for MLP office managers and consultants. By March 1, 2019, MLP is anticipating acquiring shares with a value of up to EUR 3.0 million via the stock exchange. At the current price (EUR 4.36), this corresponds to a total of approx. 688,000 shares or 0.63 percent of the share capital.
MLP will use the shares purchased in the buyback for the participation programme for MLP office managers and MLP consultants that has already been communicated. The objective of this programme 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. MLP already bought back shares with a total value of around EUR 2.1 million in February 2018 for the participation programme of FY 2017. The buybacks now scheduled will be used for implementing the programme for the financial year 2018.
We will provide detailed information on the running share buybacks on our investor relations website: share-buyback 2018