Themen:
Media Release
July 12, 2024
Deutsche Bank (XETRA: DBKGn.DE / NYSE: DB) today confirmed the successful completion of its € 675 million share buyback program announced on March 1, 2024. Between March 4 and July 11, 2024, 46.4 million shares, or 2.33% of the bank’s share capital, were repurchased at a volume weighted average price of € 14.53 per share.
Together with dividends of € 0.45 per share or € 0.9 billion distributed in May 2024, total distributions to shareholders have amounted to € 1.6 billion in 2024 to date. Cumulative distributions to shareholders from 2022 to 2024 to date have been € 3.3 billion. Management’s goal is to distribute in excess of € 8 billion to shareholders through dividends and share repurchases in respect of the financial years 2021 – 2025.
About Deutsche Bank
Deutsche Bank provides retail and private banking, corporate and transaction banking, lending, asset and wealth management products and services as well as focused investment banking to private individuals, small and medium-sized companies, corporations, governments and institutional investors. Deutsche Bank is the leading bank in Germany with strong European roots and a global network.
Forward-looking statements
This release contains forward-looking statements. Forward-looking statements are statements that are not historical facts; they include statements about our beliefs and expectations and the assumptions underlying them. These statements are based on plans, estimates and projections as they are currently available to the management of Deutsche Bank. Forward-looking statements therefore speak only as of the date they are made, and we undertake no obligation to update publicly any of them in light of new information or future events.
By their very nature, forward-looking statements involve risks and uncertainties. A number of important factors could therefore cause actual results to differ materially from those contained in any forward-looking statement.
Such factors include the conditions in the financial markets in Germany, in Europe, in the United States and elsewhere from which we derive a substantial portion of our revenues and in which we hold a substantial portion of our assets, the development of asset prices and market volatility, potential defaults of borrowers or trading counterparties, the implementation of our strategic initiatives, the reliability of our risk management policies, procedures and methods, and other risks referenced in our filings with the U.S. Securities and Exchange Commission.
Such factors are described in detail in our SEC Form 20-F of 14 March 2024 under the heading “Risk Factors”. Copies of this document are readily available upon request or can be downloaded from www.db.com/ir.
Further links on the topic
Deutsche Bank commences share buyback program with a volume of up to € 675 million
Deutsche Bank completes € 450 million share buyback program
Deutsche Bank completes € 300 million share buyback.
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