Deutsche Post AG Announces New Share Buyback Programme

Deutsche Post AG has officially launched a new share buyback initiative, aimed exclusively at its executives partaking in the global share matching plan. This new programme, declared on March 7th, 2024, follows the share buyback decision made in February 2022, marking another phase in the company's strategic financial maneuvers. As per the announcement, the company intends to repurchase up to 3 million shares, with a total purchase value earmarked at EUR 150 million, excluding incidental costs. This repurchase activity is set to commence on March 8th, 2024, and will conclude by April 19th, 2024 at the latest.

The share buyback authorization stems from the Annual General Meeting held on May 4th, 2023, granting Deutsche Post AG the capacity to buy back shares amounting to up to 10% of its share capital. The buyback price will be aligned with the average share price, adhering to specified regulatory conditions to ensure compliance and fairness. An independent financial service provider, bound by a definitive arrangement, will execute the buyback, ensuring adherence to the EU's market abuse regulations and delegated regulations applicable to buyback programmes and stabilisation measures.

This strategic financial move underscores Deutsche Post AG's ongoing commitment to optimizing shareholder value and reflects its confidence in the company's long-term growth prospects.