4basebio AG: 4basebio AG decides to buy back 2 million treasury shares for further use in accordance with the authorizing resolution
4basebio AG / Key word(s): Share Buyback
4basebio AG decides to buy back 2 million treasury shares
The acquisition shall take place within the framework of a voluntary public share buyback offer against payment of a cash consideration in a purchase price range of EUR 1.60 to EUR 1.85 per share (excluding incidental acquisition costs). The final purchase price per 4basebio share will be determined by the company after expiry of the acceptance period in accordance with the offer document. Shareholders may tender shares for buyback during the period from 27 January 2020, 0:00 a.m. to 10 February 2020, 12:00 p.m. (local time Frankfurt am Main). To the extent necessary and legally permissible, the buyback offer may be extended, suspended and also resumed by the company at any time. The company also reserves the right to increase the scope of the buyback offer.
The share buyback is aimed at a balanced use of the currently comparatively high level of freely available liquid funds, some of which are intended to benefit the shareholders. 4basebio AG is considering retaining the repurchased shares in treasury until further notice in order to use them later in accordance with the authorisation granted by the Annual General Meeting on 19 December 2019 - for example as consideration for the acquisition of companies or equity interests as part of its ongoing buy & build strategy. Shares not otherwise required will be redeemed.
Further details of the public buyback offer can be found in the offer document, which will be published on 24 January 2020, i.e. before the beginning of the acceptance period, on the company's website (www.investors.4basebio.com) under the heading "News" and in the German Federal Gazette (Bundesanzeiger).
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