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Wiesloch, December 17, 2019 – In January, MLP will be launching a share buyback programme in order to implement the participation model for MLP office managers and consultants. To this end, MLP will acquire shares with a value of up to EUR 3.2 million via the stock exchange by May 31, 2020 at the latest. At the current price (EUR 5.44), this corresponds to a total of approximately 588,236 shares or 0.54 percent of the share capital.
MLP will use the shares purchased in the buyback for the announced participation programme for MLP office managers and MLP consultants that has already been communicated. The goal with the 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 for the financial year 2017. The value of the shares acquired from December 2018 to March 2019 for the 2018 programme was EUR 2.3 million. The newly scheduled buybacks will be used to implement the programme for the financial year 2019.
We will provide detailed information on the share buybacks on our investor relations website: Share buyback 2020