Invitation to Annual General Meeting of Commerzbank on 30 April 2024 - Seite 2

Authorisation to execute share buybacks (items 7 and 8)
The Bank aims to continue a combination of share buybacks and dividend payments when it comes to capital return. In order to be able to further use share buybacks, the Bank is to be given the opportunity to acquire own shares in a volume of up to 10% of the value of the share capital by 29 April 2029. The acquisition is to be made via the stock exchange or by means of a public purchase offer addressed to all shareholders. The Bank also plans to acquire its own shares through multilateral trading systems and by using derivatives. The Annual General Meeting last approved the authorisation to repurchase its own shares in 2020, under which the Bank carried out two share buybacks totalling around 5.45% of the share capital. The new authorisation replaces it.

Further information is available in the convocation of the Annual General Meeting published today at www.commerzbank.com/agm.

 

Press contact
Svea Junge  [phone]
Kathrin Jones  [phone]

Investors’ contact
Jutta Madjlessi  [phone]
Ute Sandner  [phone]

 

About Commerzbank
Commerzbank is the leading bank for the German Mittelstand and a strong partner for around 25,500 corporate client groups and almost 11 million private and small-business customers in Germany. The Bank’s two Business Segments – Private and Small-Business Customers and Corporate Clients – offer a comprehensive portfolio of financial services. Commerzbank transacts approximately 30 per cent of Germany’s foreign trade and is present internationally in more than 40 countries in the corporate clients’ business. The Bank focusses on the German Mittelstand, large corporates, and institutional clients. As part of its international business, Commerzbank supports clients with a business relationship to Germany, Austria, or Switzerland and companies operating in selected future-oriented industries. In the Private and Small-Business Customers segment, the Bank is at the side of its customers with its brands Commerzbank and comdirect: online and mobile, in the advisory centre, and personally in its branches. Its Polish subsidiary mBank S.A. is an innovative digital bank that serves approximately 5.8 million private and corporate customers, predominantly in Poland, as well as in the Czech Republic and Slovakia.