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DGAP-News: Deutsche Post AG
/ Key word(s): Share Buyback
Corporate News Form notification of share repurchase programme Deutsche Post AG, Bonn, Germany In March 2021 the Company's Management Board resolved to undertake a programme of share buybacks (Buyback Programme) of Deutsche Post AG for up to 30 million shares at a total purchase price of up to €1 billion. The repurchased shares will either be retired or used to service long-term executive remuneration plans. The repurchase via the stock exchange has started on May 10th, 2021 and will end in March 2022 the latest. The Buyback Programme is based on the authorization of the Annual General Meeting of May 6th, 2021, valid until May 5th, 2026 to launch a share buyback programme in the amount of up to 10% of the Company's share capital existing at the date the resolution on the share buyback is adopted. The purchase price may not exceed the average share price prior to the effective date of the transaction by more than 10%, and may not be fixed more than 20% below it. The average share price is the non-volume-weighted average of the closing prices of the Company's shares in Xetra trading (or a comparable successor system) on the Frankfurt Stock Exchange on the last five trading days. The effective date is the date of the purchase or, if earlier, the date on which a commitment to purchase is entered into. At the moment a first tranche, which started on May 10th, 2021 with a maximum total purchase price of up to EUR 500m representing then up to 0.79% of the share capital of the Company is carried out until September 24th, 2021. The second tranche with a total volume of up to €500 million, representing approx. 0.67% of the share capital of the Company at the current share price, will be carried out between August 30th, 2021 and March 7th, 2022 on the basis of an irrevocable arrangement by an independent financial service provider. That means that for a limited period of time both tranches are executed in parallel. The financial service provider is obliged to carry out the purchase in compliance with the Regulation (EU) No 596/2014 of the European Parliament and of the Council of April 16th, 2014 on market abuse (market abuse regulation), the Delegated Regulation (EU) 2016/1052 of the Commission supplementing Regulation (EU) No. 596/2014 of the European Parliament and the Council with regard to regulatory technical standards for the conditions applicable to buyback programmes and stabilisation measures, and in accordance with the authorization of the Annual General Meeting mentioned above. Contact: Martin Ziegenbalg This announcement does not constitute, or form part of, an offer or any solicitation of an offer for securities in any jurisdiction.
27.08.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
| Language: | English |
| Company: | Deutsche Post AG |
| Charles-de-Gaulle-Straße 20 | |
| 53113 Bonn | |
| Germany | |
| Phone: | +49 (0)228 182 - 63 100 |
| Fax: | +49 (0)228 182 - 63 199 |
| E-mail: | ir@deutschepost.de |
| Internet: | www.dpdhl.com |
| ISIN: | DE0005552004, DE000A2G87D4 |
| WKN: | 555200, A2G87D |
| Indices: | DAX |
| Listed: | Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime Standard), Hamburg, Hanover, Munich, Stuttgart; Regulated Unofficial Market in Tradegate Exchange |
| EQS News ID: | 1229453 |
| End of News | DGAP News Service |
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1229453 27.08.2021
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