Wiesloch, 22nd December 2006 - MLP AG ended its share buyback programme on 20th December 2006 as planned, completing a programme which began in December 2005, and during which a total of 8,863,109 shares were repurchased at an average price of EUR 16.65 per share. The number of shares that were bought back equates to 8.2 per cent of the share capital. In total, EUR 147.61 million were distributed to the shareholders within the framework of the share buyback programme.
The share buyback programme was originally based on authorisation resulting from a resolution passed at the MLP Annual General Meeting (AGM) held on 21st June 2005, which was superseded by authorisation passed at the AGM on 31st May 2006. The executive board is thereby authorised to buy back up to 10 per cent of the share capital existing at the time of the authorisation (totalling 10,864,068 shares) up until 29th December 2007. The executive board and the supervisory board will decide on a possible continuation of share buyback activities after conclusion of the 2006 financial year.
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