Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München

  • WKN: 843002
  • ISIN: DE0008430026
  • Land: Germany

Nachricht vom 15.03.2018 | 07:28

Munich Re resolves share buyback

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München / Key word(s): Corporate Action/Share Buyback
Munich Re resolves share buyback

15-March-2018 / 07:28 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


In the period commencing after the 2018 Annual General Meeting and extending up to the 2019 Annual General Meeting, Munich Re intends to buy back up to 11 million shares for a maximum purchase price of EUR1bn.

On the basis of the authorisation granted by the Annual General Meeting on 26 April 2017 or a future authorisation, Munich Reinsurance Company's Board of Management has resolved to buy back up to 11 million shares for a maximum total purchase price of EUR1bn (excluding incidental expenses) in the period between 25 April 2018 and, at the latest, the Annual General Meeting on 30 April 2019. On the basis of the current share price (status: 14 March 2018), this would amount to around 3.5 % of the share capital and would correspond to around 5.5 million shares. The own shares acquired under the 2017/2018 share buyback program in the period from 1 June 2017 to no later than the Company's Annual General Meeting on 25 April 2018 are to be retired.

 


Information and Explanation of the Issuer to this News:

This press release contains forward-looking statements that are based on current assumptions and forecasts of the management of Munich Re. Known and unknown risks, uncertainties and other factors could lead to material differences between the forward-looking statements given here and the actual development, in particular the results, financial situation and performance of our Company. The Company assumes no liability to update these forward-looking statements or to conform them to future events or developments.

15-March-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de



show this

GBC im Fokus

net digital, der digitale und mobile Payment-Spezialist

Die net digital AG agiert mit ihren digitalen und mobilen Paymentlösungen und den hierzu ergänzenden Diensten (z. B. Abo-Management und zahlungsbezogene KI-Lösungen) im multimilliarden-schweren Paymentmarkt. Basierend auf der vielversprechenden Wachstumsstrategie und der guten Marktpositionierung, sollte es dem net digital-Konzern gelingen, ab dem Jahr 2022 ein nachhaltiges dynamisches Wachstum zu erreichen. Parallel hierzu rechnen wir aufgrund des sehr skalierbaren Geschäftsmodells (Plattform-Ansatz) mit einer überproportionalen Ergebnisverbesserung. Bei dem von uns ermittelten Kursziel von 20,60 € vergeben wir das Rating KAUFEN.

News im Fokus

Bekanntgabe von Aktienrückkäufen gemäß Artikel 5(1)(b) der Verordnung (EU) Nr. 596/2014 und Artikel 2(3) der Delegierten Verordnung (EU) 2016/1052 der Kommission: Abschlussbericht

02. Februar 2022, 19:04

Aktueller Webcast

TeamViewer AG

Preliminary Results Q4 & FY 2021

02. Februar 2022

Aktuelle Research-Studie

Original-Research: GBC Insider Focus Index (von GBC AG): GBC Insider Focus Index

02. Februar 2022