May 8, 2017 / 8:36 AM / 3 months ago

BRIEF-aap Implantate says plans share buyback

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May 8 (Reuters) - AAP IMPLANTATE AG:

* MANAGEMENT BOARD AND SUPERVISORY BOARD PLAN SHARE BUYBACK TO PARTIALLY DISTRIBUTE PROCEEDS FROM THE SALE OF AAP BIOMATERIALS GMBH

* IT IS INTENDED WITHIN SHARE BUYBACK TO PURCHASE UP TO 2.4 MILLION SHARES OF COMPANY FROM SHAREHOLDERS FOR A MAXIMUM TOTAL PURCHASE PRICE (INCLUDING INCIDENTAL COSTS) OF UP TO EUR 3.5 MILLION

* BASED ON CURRENT SHARE PRICE LEVEL OF AAP SHARE IT IS INTENDED WITHIN SHARE BUYBACK TO PURCHASE UP TO 2.4 MILLION SHARES OF COMPANY FROM SHAREHOLDERS FOR A MAXIMUM TOTAL PURCHASE PRICE OF UP TO EUR 3.5 MILLION

* AGAINST BACKGROUND OF INTENDED SHARE BUYBACK MANAGEMENT BOARD AND SUPERVISORY BOARD WILL NEITHER PROPOSE A DIVIDEND PAYMENT NOR A CAPITAL DECREASE TO ANNUAL GENERAL MEETING TAKING PLACE ON 16 JUNE 2017 Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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