EQS-News

Form notification of share repurchase programme - Seite 2

Until now four tranches with a total volume of around €2.4 billion, corresponding to circa 4.9% of the share capital of the Company, were each time carried out based on an irrevocable arrangement by an independent financial service provider:

The first tranche with a total maximum volume of up to €500 million, representing up to 1% of the share capital of the Company at the share price at the start of the first tranche, was carried out between April 8^th, 2022, and end date no later than November 7^th, 2022. 

The total volume of up to €500 million of this first tranche was increased by €300 million to up to €800 million as of June 29^th, 2022, leaving the end date no later than November 7^th, 2022, unchanged. The increase of €300 million corresponded at the then current share price to 0.7% of the share capital. This first tranche was terminated on October 3^rd, 2022, shares to the total volume of around €789.5 million were repurchased.

The second tranche with a total volume of up to €500 million, this corresponded to circa 1.1% of the share capital at the then current share price was executed between November 9^th, 2022, and March 31^st, 2023. Altogether, shares to the total amount of around €500 million were repurchased.

The third tranche with a total volume of up to €500 million, this corresponded to circa 0.9% of the share capital at the then current share price was carried out between June 26^th, 2023, and September 29th, 2023.  Altogether, shares to the total amount of around €500 million were repurchased.

A fourth tranche with a total volume of up to € 600 million, this corresponded to circa 1.2% of the share capital at the then current share price, was carried out between November 13^th, 2023, and March 6^th, 2024. Altogether, shares to the total amount of around €600 million were repurchased.

A fifth tranche with a total volume of up to €600 million, this corresponds to circa 1.3% of the share capital at the current share price, will be executed between May 9^th, 2024, and December 30^th, 2024, based on an irrevocable arrangement by an independent financial service provider.

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 16^th, 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 stabilization measures, and in accordance with the authorization of the Annual General Meeting mentioned above.