EQS-Adhoc 185 0 Kommentare Deutsche Bank AG: Deutsche Bank updates on Postbank takeover litigation matter

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Higher Regional Court of Cologne may find validity in claims of former Postbank shareholders for higher offer price in Deutsche Bank's takeover.
Deutsche Bank to make legal provision in Q2 2024, impacting profitability and capital ratios, estimated at approximately 1.3 billion euros.
Pro forma impact on CET1 ratio estimated at 20 basis points and Leverage Ratio at 4.42% as of March 31, 2024. Management to continue analysis.

Foto: Hauke-Christian Dittrich - dpa

EQS-Ad-hoc: Deutsche Bank AG / Key word(s): Legal Matter
Deutsche Bank AG: Deutsche Bank updates on Postbank takeover litigation matter

26-Apr-2024 / 21:52 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

In a hearing on April 26, 2024, the Higher Regional Court of Cologne assessed the claims of certain former Postbank shareholders that a higher offer price in connection with Deutsche Bank's voluntary takeover offer of October 7, 2010, should have been paid. During the hearing, the Court indicated that it may find elements of these claims valid in a later ruling.

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While Deutsche Bank continues to disagree stronglywith this assessment, the court's statements will impact Deutsche Bank's estimation of the probability of a future outflow, resulting in a legal provision in the second quarter of 2024. This provision will impact Deutsche Bank’s second quarter and full-year profitability and capital ratios.The estimate of the full amount of all claims, including cumulative interest, is approximately 1.3 billion euros.

On a pro forma basisas of March 31, 2024, the impact of the full provision on the bank’s Common Equity Tier 1 (CET1) ratio is estimated to be approximately 20 basis points, with a resulting pro-forma CET1 ratioof 13.25%. On the same basis, the Leverage Ratio would be 4.42% as of March 31, 2024.

Given the complexity of the legal issues and recency of the court's statements, Deutsche Bank's management will continue its analysis of the legal arguments and the potential financial statement impact. Generally, management does not expect a significant impact on the bank's strategic plans or financial targets.

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26-Apr-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language:	English
Company:	Deutsche Bank AG
	Taunusanlage 12
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EQS News ID:	1891087