RWE Announces EUR 1.5 Billion Share Buyback Program

RWE Aktiengesellschaft has unveiled a significant share buyback program valued at up to EUR 1.5 billion. Initiated by the company's Executive Board, the program is set to commence this year and target completion within 18 months. Its execution depends on new authorization by RWE's Annual General Meeting scheduled for 30 April 2025.

The buyback intends to cancel the repurchased shares, aligning with the current authorization from the Annual General Meeting on 4 May 2023. This allows RWE to acquire shares amounting to up to 10% of the share capital until 3 May 2025. The program will utilize the 'safe harbour' exemption, as per Article 5 of the Market Abuse Regulation.