Wiesloch, December 13, 2023 – At the start of January 2024, 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 3.1 million and is set to be completed by May 31, 2024 at the latest.
At the current price (EUR 5.02), this corresponds to a total of 617,529 shares or 0.56 percent of the share capital. The repurchased shares will be used by MLP 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 had already repurchased shares in previous years to execute the participation programme. Since the programme was first launched in 2018, more than 3.1 million shares have been acquired in this way and transferred to the consultants and office managers.
MLP provides detailed information on the share buybacks on its own investor relations website: https://mlp-se.com/investors/mlp-share/share-buyback/