DGAP-News: Ming Le Sports AG starts share buyback
(firmenpresse) - DGAP-News: Ming Le Sports AG / Key word(s): Share Buyback
Ming Le Sports AG starts share buyback
27.11.2013 / 10:41
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Ming Le Sports AG starts share buyback
Ming Le Sports AG will commence today with the announced share buyback
program.
The Management Board had decided to conduct a buyback of own shares of up
to 1,544,400 shares on the basis of the authority granted by the Annual
General Meeting of June 24, 2013 during the period November 11, 2013 until
the AGM 2014. It is intended that the share buyback will be conducted
through a bank and exclusively on the stock exchange.
The total buy back volume will depend on prevailing market conditions. The
shares bought back may be used for all purposes permissible under the above
mentioned authority and applicable stock corporation law.
About Ming Le Sports AG
Ming Le Sports AG is a rapidly growing branded sportswear company in China
targeting 16 to 35-year-old men and women who lead an urban, vibrant and
active lifestyle. Ming Le's products include footwear, apparel, accessories
and equipment. The company strives to offer comfortable, fashionable and
affordable lifestyle and leisure sportswear. Ming Le designs its own
products and manufactures them at Ming Le's facilities or through contract
manufacturers. Ming Le markets and sells its products through a network of
26 distributors to over 4,200 retail outlets in China. At present, Ming Le
has more than 1,400 employees.
For further information, please contact:
Kirchhoff Consult AG
Anja Ben Lekhal
Tel: +49(0) 40 609 186 55
Mail: anja.benlekhal(at)kirchhoff.de
Or visit http://www.mingle-sportswear.com
End of Corporate News
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27.11.2013 Dissemination of a Corporate News, transmitted by DGAP - a
company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Ming Le Sports AG
Westhafenplatz 1
60327 Frankfurt am Main
Germany
Internet: www.mingle.cn
ISIN: DE000A1MBEG8
WKN: A1MBEG
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf
End of News DGAP News-Service
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241893 27.11.2013
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Unternehmensinformation / Kurzprofil:
Datum: 27.11.2013 - 10:41 Uhr
Sprache: Deutsch
News-ID 320692
Anzahl Zeichen: 4075
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Kategorie:
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