Hamburg, May 17, 2018—Muehlhan AG (Open Market; ISIN DE000A0KD0F7) is resuming its share-buyback program. The company plans to acquire up to 500.000 of treasury shares over the next 12 months. The shares repurchased under the authorization issued by the Annual General Meeting on 19 May 2015 will be used to support the objectives indicated in the authorization:
share-based compensation of company employees
use of shares to pay for acquisitions
The authorization limits the share buyback to a maximum pro-rata amount of the share capital of €1,950,000.00, equivalent to 10% of the existing share capital of €19,500,000.00 as of that date. The authorization may be exercised directly by the company or by third parties appointed by the company in whole or in several partial amounts including, in the latter case, on multiple occasions, within the aforementioned limit.
About Muehlhan: Worldwide, Muehlhan Group is a reliable partner in industrial services. As one of the few full-service providers, we offer our customers a broad range of services designed to meet the exacting quality standards expected in professional industrial services. Our customers benefit from our exceptional organizational skills, on-time delivery, the technical expertise that differentiates us from our competitors, and our more than 130 years of experience. We have an established market presence in the four business segments in which we operate: Ship, Renewables, Oil & Gas, and Industry/Infrastructure. Muehlhan AG is a listed company and is traded on the Open Market under ISIN DE000A0KD0F7.
For more information, visit www.muehlhan.com
Contact: Muehlhan AG; phone: +49-40-752-7115-0; e-mail: firstname.lastname@example.org