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Miles
Km80.5

   

MorphoSys AG to Start Share Buy-Back Program


4/22/2013 12:20:55 PM

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MARTINSRIED / MüNCHEN, GERMANY--(Marketwired - April 22, 2013) - MorphoSys AG / MorphoSys to Start Share Buy-Back Program . Processed and transmitted by Thomson Reuters ONE. The issuer is solely responsible for the content of this announcement.

MorphoSys AG (FRANKFURT: MOR) (Prime Standard Segment; TecDAX) announced today the decision to repurchase its own shares on the stock market. Following approval by the Company's Supervisory Board, the Board of Management of MorphoSys AG has resolved to acquire up to 85,000 MorphoSys shares over the stock market during the time period from April 22, 2013 to May 10, 2013. On the basis of the current share price (status: April 19, 2013), this would amount to around EUR 2.6 million or up to 0.36% of the share capital.

The Company intends to use the shares for its long-term incentive programs for its management, but the shares can also be used for all purposes stated in the authorization of the Annual General Meeting of May 19, 2011.

The relevant conditions of the shareholders' resolutions passed in the ordinary shareholders' meeting 2011 of MorphoSys AG on the authorization to acquire and to use its own shares shall apply. The purchase price paid per share may not be more than 10 % higher or 20 % lower than the Company's share price determined by the opening auction in the Xetra trading system on the day of trading.

The buy-back is to be handled independently of and uninfluenced by the Company through an appointed bank in compliance with the safe-harbor provisions.

MorphoSys will provide regular information on the progress of the share buy-back program on the Company's website www.morphosys.com/share-buyback.

About MorphoSys:
MorphoSys developed HuCAL, the most successful antibody library technology in the pharmaceutical industry. By successfully applying this and other patented technologies, MorphoSys has become a leader in the field of therapeutic antibodies, one of the fastest-growing drug classes in human healthcare. Together with its pharmaceutical partners, MorphoSys has built a therapeutic pipeline of more than 70 human antibody drug candidates for the treatment of cancer, rheumatoid arthritis, and Alzheimer's disease, to name just a few. With its ongoing commitment to new antibody technology and drug development, MorphoSys is focused on making the healthcare products of tomorrow. MorphoSys is listed on the Frankfurt Stock Exchange under the symbol MOR. For regular updates about MorphoSys, visit http://www.morphosys.com.

HuCAL(®), HuCAL GOLD(®), HuCAL PLATINUM(®), CysDisplay(®), RapMAT(®), arYla(®), Ylanthia(®) and 100 billion high potentials(®) are registered trademarks of MorphoSys AG.

Slonomics(®) is a registered trademark of Sloning BioTechnology GmbH, a subsidiary of MorphoSys AG.

This communication contains certain forward-looking statements concerning the MorphoSys group of companies. The forward-looking statements contained herein represent the judgment of MorphoSys as of the date of this release and involve risks and uncertainties. Should actual conditions differ from the Company's assumptions, actual results and actions may differ from those anticipated. MorphoSys does not intend to update any of these forward-looking statements as far as the wording of the relevant press release is concerned.

Media Release (PDF): http://hugin.info/130295/R/1694876/557513.pdf

This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: MorphoSys AG via Thomson Reuters ONE [HUG#1694876]


For more information, please contact:

MorphoSys AG
Dr. Claudia Gutjahr-Loser
Head of Corporate Communications & IR
Tel: +49 (0) 89 / 899 27-122

Mario Brkulj
Associate Director Corporate Communications & IR
Tel: +49 (0) 89 / 899 27-454

Alexandra Goller
Specialist Corporate Communications & IR
Tel: +49 (0) 89 / 899 27-332

Email Contact



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