- The financial services company defines how funds from the sale of the insurance subsidiaries will be applied
- Share buyback amounts to up to ten per cent of share capital
- Termination of existing factoring agreements amounting to some EUR 115 million
- Extra dividend totalling 30 cents (EUR) per share
- Chief Executive Officer Uwe Schroeder-Wildberg comments: "The overall package will optimise capital structure and provide clear scope for specific investments and acquisitions".
Heidelberg, 11th November 2005 – Just a few weeks following the completion of the sale of both insurance subsidiaries, the executive board and the supervisory board at MLP AG have reached a decision concerning the application of cash arising from the sale. The share buyback programme will therefore commence on December 1st, 2005.
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