Wiesloch, December 22, 2021 – At the start of January 2022, MLP will once again be launching its programme of buying back treasury stock via the stock exchange. The total volume of the buyback programme is up to EUR 3.6 million and is set to be completed by May 31, 2022 at the latest. At the current price (EUR 8.11), this corresponds to a total of 443.896 shares or 0.41 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. The objective here is to further strengthen the collaborative component in the MLP business model.
With its resolution from June 24, 2021, the Annual General Meeting authorised the Executive Board and Supervisory Board to buy back treasury shares, which can also be used for the participation programme. MLP already bought back shares for use in the participation programme in previous years. Since the programme was first launched in 2018, more than 2 million shares have been acquired in this way and transferred to the consultants and office managers.
We will provide detailed information on the share buybacks on our investor relations website: https://mlp-se.com/investors/mlp-share/share-buyback/
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