REG-Commerzbank Aktiengesellschaft Commerzbank decides to implement a share buyback programme with a volume of up to 600 million euros

COMMERZBANK AGAnnouncement

04/11/2024 12:00

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   Commerzbank Aktiengesellschaft (CZB)
   Commerzbank decides to implement a share buyback programme with a volume
   of up to 600 million euros

   04-Nov-2024 / 12:48 CET/CEST
   The issuer is solely responsible for the content of this announcement.

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   Ad hoc release   4. November 2024

   Commerzbank decides to implement a share buyback programme with a volume
   of up to 600 million euros

   After receipt of the necessary approvals Commerzbank AG decided today to
   implement a share buyback programme with a volume of up to 600 million
   euros.

   The share buyback will start after the reporting for the third quarter
   2024 at the earliest and should be completed by mid of February 2025 at
   the latest. Following the resolution of the Management Board the details
   of the share buyback programme will be made public in an announcement
   pursuant to Art. 5(1) lit. a) of Regulation (EU) 596/2014 and Art. 2(1) of
   Delegated Regulation (EU) 2016/1052. The repurchased shares of Commerzbank
   AG will be redeemed.

    

    

   Disclaimer

   This release contains forward-looking statements. Forward-looking
   statements are statements that are not historical facts. In this release,
   these statements concern inter alia the expected future business of
   Commerzbank, efficiency gains and expected synergies, expected growth
   prospects and other opportunities for an increase in value of Commerzbank
   as well as expected future financial results, restructuring costs and
   other financial developments and information. These forward-looking
   statements are based on the management’s current plans, expectations,
   estimates and projections. They are subject to a number of assumptions and
   involve known and unknown risks, uncertainties and other factors that may
   cause actual results and developments to differ materially from any future
   results and developments expressed or implied by such forward-looking
   statements. Such factors include the conditions in the financial markets
   in Germany, in Europe, in the USA and other regions from which Commerzbank
   derives a substantial portion of its revenues and in which Commerzbank
   holds a substantial portion of its assets, the development of asset prices
   and market volatility, especially due to the ongoing European debt crisis,
   potential defaults of borrowers or trading counterparties, the
   implementation of its strategic initiatives to improve its business model,
   the reliability of its risk management policies, procedures and methods,
   risks arising as a result of regulatory change and other risks.
   Forward-looking statements therefore speak only as of the date they are
   made. Commerzbank has no obligation to update or release any revisions to
   the forward-looking statements contained in this release to reflect events
   or circumstances after the date of this release.

   Contact:
   Christoph Wortig
   Head of Investor Relations
   Commerzbank AG
   Investor Relations
   Tel.: +49 69 9353 10080
   e-mail:ir@commerzbank.com

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   Dissemination of a Regulatory Announcement that contains inside
   information in accordance with the Market Abuse Regulation (MAR),
   transmitted by EQS Group.
   The issuer is solely responsible for the content of this announcement.

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   ISIN:           DE000CBK1001
   Category Code:  MSCU
   TIDM:           CZB
   LEI Code:       851WYGNLUQLFZBSYGB56
   OAM Categories: 2.2. Inside information
   Sequence No.:   356970
   EQS News ID:    2021995


    
   End of Announcement EQS News Service

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