Raiffeisen Bank International AG Announces Share Buyback and Alienation Program

Raiffeisen Bank International AG (RBI) disclosed resolutions from its Annual General Meeting held on April 4, 2024, regarding the alienation and acquisition of its own shares. This initiative is set within the legal framework of the Stock Corporation Act and the Stock Exchange Act, aligning with the Disclosure Regulation 2018 requirements.

The bank has been granted permission to acquire up to 10% of its share capital by October 4, 2026. The acquisition pricing is bounded with a minimum of EUR 3.05 per share and a cap not exceeding 10% above the stock's average closing price prior to the purchase. Additionally, the RBI's Management Board is authorized to dispose of these shares off-exchange, including using them as consideration for mergerable acquisitions or for fulfilling convertible bonds’ conversion obligations.

This strategic move allows the RBI management considerable flexibility in enhancing shareholder value through potential corporate acquisitions or financial structuring. Shareholders’ rights to subscription can be partially or entirely waived, particularly for in-kind contributions involving company acquisitions. The authorization for these transactions extends to March 31, 2027, superseding previous permissions granted in 2022.

RBI plans to adhere to transparency obligations by making relevant disclosures through its official website, ensuring stakeholders are informed about any repurchase or resale programs initiated under this authorization.