Commerzbank Schedules Virtual Annual General Meeting for April 2024 with Dividend Proposal

Commerzbank AG has announced it will host its Annual General Meeting (AGM) on 30 April 2024, maintaining a virtual format for the second consecutive year. This decision follows a substantial approval from the previous year's AGM, allowing for digital participation without physical attendance of shareholders or their proxies. The AGM aims to foster active online engagement, including live questioning and speaking rights. Key highlights and speeches by CEO Manfred Knof and Supervisory Board Chairman Jens Weidmann will be accessible live for registered shareholders on the bank's official website.

The agenda features significant discussions, including a proposed dividend of €0.35 per share for the financial year 2023, supplementing a substantial share buyback completed in March 2024. Moreover, the board seeks approval for new share buyback authorizations up to 10% of the share capital by April 2029, aiming to balance dividends and share buybacks as part of its capital return strategy. This initiative follows after two successful share buybacks totaling approximately 5.45% of the share capital under previous authorizations.