EQS-CMS: Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München: Release of a capital market information
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EQS Post-admission Duties announcement: Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München
/ Announcement pursuant to Art. 5(1) lit. a) of Regulation (EU) No 596/2014 and Art. 2(1) of Delegated Regulation (EU) 2016/1052
Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München
WKN 843002 ISIN DE0008430026
Announcement pursuant to Art. 5(1) lit. a) of Regulation (EU) No 596/2014 and Art. 2(1) of Delegated Regulation (EU) 2016/1052
As published on 26 February 2024, the Board of Management of Munich Reinsurance Company (“Munich Re”), with the consent of the Supervisory Board, acting through the Praesidium and Sustainability Committee, has resolved to buy back own shares for a total purchase price of a maximum of €1,500,000,000 (excluding incidental expenses) via the stock-exchange in the period between 26 April 2024 and, at the latest, the Annual General Meeting on 30 April 2025. The buy-back is based on the authorisation of the Annual General Meeting of 25 April 2024. The repurchased shares are to be retired.
The buy-back for a maximum total purchase price (excluding incidental expenses) of €1,500,000,000 shall be carried out in several tranches. A second tranche with a maximum total purchase price (excluding incidental expenses) of up to €550,000,000 will be carried out in the period between 23 August 2024 and 13 December 2024. Based on the closing price in Xetra-trading on the Frankfurt Stock Exchange on 21 August 2024 of €465.50 this would amount to up to 0.9% of the share capital and correspond to up to 1,181,525 shares. The repurchased shares are to be retired.
The buy-back via the Xetra-trading system of Deutsche Börse AG will be carried out in accordance with Article 5 of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 in conjunction with the rules of Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the conditions applicable to buy-back programmes and stabilisation measures (hereinafter: Regulation (EU) 2016/1052). The buy-back will be carried out by instructing one or several banks. The banks are obliged to carry out the acquisition of Munich Re shares in accordance with the above-mentioned rules and to comply with the provisions of the authorisation of the Annual General Meeting of 25 April 2024. In particular, the banks are obliged to observe the trading conditions of Article 3 of Regulation (EU) 2016/1052.
The banks will make their decisions regarding the timing of share acquisitions independently of and without influence by Munich Re, according to Article 4 para. 2 b) of Regulation (EU) 2016/1052. Munich Re will thus not exercise control over the banks' decisions in this respect. In accordance with applicable legal requirements, the share buy-back may at any time be terminated, suspended or resumed, as the case may be.
Information on the transactions relating to the Share Buy-Back 2024/2025 will be adequately disclosed no later than by the end of the seventh daily market session following the date of execution of such transactions in detailed and aggregated form. In addition, Munich Re will post on its website www.munichre.com the transactions disclosed and keep that information available to the public for at least a 5-year period from the date of public disclosure.
Munich, 22 August 2024
The Board of Management
22.08.2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
Language: | English |
Company: | Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München |
Königinstraße 107 | |
80802 München | |
Germany | |
Internet: | www.munichre.com |
End of News | EQS News Service |
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1973373 22.08.2024 CET/CEST
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Nachrichten zu Münchener Rückversicherungs-Gesellschaft AG (Munich Re)
Analysen zu Münchener Rückversicherungs-Gesellschaft AG (Munich Re)
Datum | Rating | Analyst | |
---|---|---|---|
09.10.2024 | Münchener Rückversicherungs-Gesellschaft Sector Perform | RBC Capital Markets | |
04.10.2024 | Münchener Rückversicherungs-Gesellschaft Buy | Jefferies & Company Inc. | |
01.10.2024 | Münchener Rückversicherungs-Gesellschaft Neutral | JP Morgan Chase & Co. | |
19.09.2024 | Münchener Rückversicherungs-Gesellschaft Overweight | Barclays Capital | |
18.09.2024 | Münchener Rückversicherungs-Gesellschaft Buy | Goldman Sachs Group Inc. |
Datum | Rating | Analyst | |
---|---|---|---|
04.10.2024 | Münchener Rückversicherungs-Gesellschaft Buy | Jefferies & Company Inc. | |
19.09.2024 | Münchener Rückversicherungs-Gesellschaft Overweight | Barclays Capital | |
18.09.2024 | Münchener Rückversicherungs-Gesellschaft Buy | Goldman Sachs Group Inc. | |
10.09.2024 | Münchener Rückversicherungs-Gesellschaft Kaufen | DZ BANK | |
04.09.2024 | Münchener Rückversicherungs-Gesellschaft Overweight | Barclays Capital |
Datum | Rating | Analyst | |
---|---|---|---|
09.10.2024 | Münchener Rückversicherungs-Gesellschaft Sector Perform | RBC Capital Markets | |
01.10.2024 | Münchener Rückversicherungs-Gesellschaft Neutral | JP Morgan Chase & Co. | |
13.09.2024 | Münchener Rückversicherungs-Gesellschaft Sector Perform | RBC Capital Markets | |
15.08.2024 | Münchener Rückversicherungs-Gesellschaft Sector Perform | RBC Capital Markets | |
08.08.2024 | Münchener Rückversicherungs-Gesellschaft Sector Perform | RBC Capital Markets |
Datum | Rating | Analyst | |
---|---|---|---|
21.10.2022 | Münchener Rückversicherungs-Gesellschaft Underperform | Credit Suisse Group | |
28.09.2022 | Münchener Rückversicherungs-Gesellschaft Underperform | Credit Suisse Group | |
10.08.2022 | Münchener Rückversicherungs-Gesellschaft Underperform | Credit Suisse Group | |
11.05.2022 | Münchener Rückversicherungs-Gesellschaft Underperform | Credit Suisse Group | |
24.01.2022 | Münchener Rückversicherungs-Gesellschaft Underperform | Credit Suisse Group |
Um die Übersicht zu verbessern, haben Sie die Möglichkeit, die Analysen für Münchener Rückversicherungs-Gesellschaft AG (Munich Re) nach folgenden Kriterien zu filtern.
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