Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München /
Key word(s): Corporate Action/Share Buyback
11.03.2015 07:43
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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In the period commencing after the 2015 Annual General Meeting and
extending up to the 2016 Annual General Meeting, Munich Re intends to buy
back up to 11 million shares for a maximum purchase price of EUR1bn.
On the basis of the authorisation granted by the Annual General Meeting on
30 April 2014 or a future authorisation, Munich Reinsurance Company's Board
of Management has resolved to buy back up to 11 million shares for a
maximum total purchase price of EUR1bn (excluding incidental expenses) in
the period between 24 April 2015 and, at the latest, the Annual General
Meeting on 27 April 2016. On the basis of the current share price (status:
10 March 2015), this would amount to around 3,1% of the share capital. The
own shares acquired under the 2014/2015 share buy-back program in the
period from 14 May 2014 to no later than the Company's Annual General
Meeting on 23 April 2015 are to be retired.
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Information and Explaination of the Issuer to this News:
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.
11.03.2015 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in
München
KöniginstraÃe 107
80802 München
Germany
Phone: +49(0) 89 3891-0
Fax: +49(0) 89 399 056
E-mail: shareholder@munichre.com
Internet: www.munichre.com
ISIN: DE0008430026, DE0008430026
WKN: 843002, 843002
Indices: DAX, EURO STOXX 50
Listed: Regulated Market in Frankfurt (Prime Standard), Munich;
Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg,
Hanover, Stuttgart; Terminbörse EUREX; Mailand
End of Announcement DGAP News-Service
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DGAP-Adhoc: Munich Re resolves share buy-back
| Source: EQS Group AG