Turing pharmaceutical company Marinus Pharmaceuticals has announced that it will offer stockbuyback programs for stockholder buybacks of up to 30% of the company’s shares during a period of three years, as part of its ongoing strategic review and restructuring plan.
This will allow shareholders to purchase back shares of the Company in a manner similar to that of a stock purchase program.
The program will be conducted through a third-party buyback advisor, and will begin in 2018.
Marinus will offer buyback programs with buyback offers up to 10% of their company’s stock price, subject to approval by Marinus shareholders.
For more information, please contact: Dan Stebbing, Vice President of Investor Relations and Corporate Communications, at [email protected]
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