Commerzbank Announces Virtual Annual General Meeting Scheduled for 30 April 2024

Commerzbank Aktiengesellschaft (CZB) has officially announced its Annual General Meeting (AGM) to take place virtually on 30 April 2024, continuing its practice from previous years. The decision to hold the meeting virtually comes after obtaining a majority approval in the preceding year's AGM, ensuring shareholders can participate live, with options to speak and ask questions during the event.

Key agenda points include discussions on a €0.35 per share dividend proposal and the authorization for share buybacks. Posted on the bank's website, the announcement also includes details on the €600 million share buyback completed as of 5 March 2024, aiming for a total return of about €1 billion to shareholders for the 2023 financial year.

The AGM will feature live broadcasts, including speeches from CEO Manfred Knof and Jens Weidmann, Chairman of the Supervisory Board, focusing on the bank's strategy and performance. Further, advancements in shareholder engagement and corporate governance are evident in the opportunity for shareholders to pre-engage via online platforms.

Commerzbank continues to emphasize its strategic focus on digital engagement and responsible governance. With resolutions on distributable profits and the authorization for further share buyback programs, the meeting aims to outline the future outlook and financial redistributions.