Munich Re resolves share buy-back
05:00 PM CET 2019/03/19
In the period commencing after the 2019 Annual General Meeting and extending up to the 2020 Annual General Meeting, Munich Re intends to buy back shares for a maximum purchase price of €1bn.
On the basis of the authorisation granted by the Annual General Meeting on 25 April 2018, Munich Reinsurance Company’s Board of Management has resolved to buy back shares for a maximum total purchase price of €1bn (excluding incidental expenses) in the period between 2 May 2019 and, at the latest, the Annual General Meeting on 29 April 2020. On the basis of the current share price (status: 18 March 2019), this would amount to around 3.1% of the share capital and would correspond to around 4.6 million shares. The own shares acquired under the 2018/2019 share buy-back programme in the period from 25 April 2018 to no later than the Company's Annual General Meeting on 30 April 2019 are to be retired.
Aktiengesellschaft in München
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.