(MENAFN- EQS Group) DGAP-News: 4basebio AG / Key word(s): Share Buyback
10.02.2020 / 11:45
The issuer is solely responsible for the content of this announcement.
Press Release
10 February 2020
4basebio AG decides to increase the public share buyback offer volume from 2,056,452 to 5,230,726 shares
Heidelberg, Germany, and Cambridge, UK, 10 February 2020 - The management board of 4basebio AG (formerly Expedeon AG) (Frankfurt: 4BSB; ISIN: DE000A2YN801; Prime Standard) has decided today, to increase the original volume of the current public share buyback offer from 2,056,452 to 5,230,726 shares and thus to acquire up to 5,230,726 shares.
The acceptance period ends on 10 February 2020, 12:00 noon (local time Frankfurt am Main). If more than 5,230,726 shares are submitted for buyback under the offer, the declarations of acceptance will be considered in proportion to the ratio of the 5,230,726 shares to the total number of shares submitted for buyback by the shareholders.
David Roth, Chief Financial Officer of 4basebio AG , comments: "We very much appreciate the high acceptance of our buyback program which is intended to offer an attractive opportunity for our investors to realise value following our successful 120 million Euro deal earlier this year. 4basebio will benefit from the extension of the program and use the repurchased shares in advantage of the further corporate development - for example as consideration for the acquisition of companies or equity interests as part of our ongoing buy & build strategy."
Further details of the public buyback offer can be found in the offer document, which was published on 24 January 2020 on the Company's website (www.investors.4basebio.com) under the heading "News" and in the German Federal Gazette (Bundesanzeiger).
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