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EQS-Ad-hoc: Deutsche Bank AG / Key word(s): Legal Matter Frankfurt am Main, 21 August 2024 - Deutsche Bank (XETRA: DBKGn.DE / NYSE: DB) has made significant progress in its conversations with plaintiffs in the litigation concerning the takeover of Postbank and the offer price paid to former Postbank shareholders. The bank has reached agreements with more than 80 plaintiffs representing almost 60 per cent of the total claims in this litigation, settling on the basis of 31 euros per share as proposed by the bank. Among the plaintiffs who agreed to a settlement is also the largest individual plaintiff in these proceedings, representing about one third of all claims.
Deutsche Bank expects that the settlement agreements concluded so far will on average consume about 45 per cent of the total provisions which were taken in relation to the claims by plaintiffs covered by the agreements; the remaining provisions related to these specific plaintiffs will be released. Deutsche Bank anticipates that this will lead to a positive impact of approximately 430 million euros on its pre-tax profit in the third quarter. Should Deutsche Bank enter into settlement agreements with additional plaintiffs, this could result in further positive implications on the total provisions taken for the litigation. Contact: Sebastian Jost Co-Head of Communications & CSR (Corporate Affairs & Strategy) Tel. +49 (69) 910 48180 E-Mail: sebastian.jost@db.com End of Inside Information
21-Aug-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | Deutsche Bank AG |
| Taunusanlage 12 | |
| 60325 Frankfurt a. M. | |
| Germany | |
| Phone: | +49 (0)69 910-00 |
| E-mail: | db.media@db.com |
| Internet: | www.db.com |
| ISIN: | DE0005140008 |
| WKN: | 514000 |
| Indices: | DAX, EURO STOXX 50 |
| Listed: | Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime Standard), Hamburg, Hanover, Munich, Stuttgart; Regulated Unofficial Market in Tradegate Exchange; NYSE |
| EQS News ID: | 1972703 |
| End of Announcement | EQS News Service |
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1972703 21-Aug-2024 CET/CEST
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