DGAP-Adhoc: Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München: Munich Re resolves share buy-back

2022. február 22., kedd, 13:25





DGAP-Ad-hoc: Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München / Key word(s): Share Buyback


Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München: Munich Re resolves share buy-back


22-Feb-2022 / 13:25 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 between completion of the 2022 Annual General Meeting and the 2023 Annual General Meeting, Munich Re intends to buy back shares for a maximum value of €1bn.



On the basis of the authorisation granted by the Annual General Meeting on 29 April 2020 or a future authorisation, and with the approval of the Supervisory Board, represented by the Standing Committee, Munich Reinsurance Company"s Board of Management has resolved to buy back shares for a maximum total value of €1bn (excluding incidental expenses) in the period between 29 April 2022 and, at the latest, the Annual General Meeting on 5 May 2023. On the basis of the current share price (status: 21 February 2022), this would amount to around 2.8% of the share capital and correspond to 3.9 million own shares. The repurchased shares are to be retired. Together with the Board of Management"s dividend proposal to the Annual General Meeting of €11 per share, Munich Re"s capital repatriation thus totals €2.5bn.






Contact:

Dr. Stefan Gehring

General Counsel & Group Chief Compliance Officer








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Language: English
Company: Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München

Königinstraße 107

80802 München

Germany
Phone: +49(0) 89 3891-0
Fax: +49(0) 89 399 056
E-mail: shareholder@munichre.com
Internet: www.munichre.com
ISIN: DE0008430026, DE0008430026
WKN: 843002, 843002
Indices: DAX, EURO STOXX 50
Listed: Regulated Market in Frankfurt (Prime Standard), Munich; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Stuttgart, Tradegate Exchange; Mailand
EQS News ID: 1285635





 
End of Announcement DGAP News Service




1285635  22-Feb-2022 CET/CEST







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