Deutsche Post AG Expands Share Buyback Program

Deutsche Post AG, based in Bonn, Germany, announced an expansion of its share buyback program. Since the program's initiation in February 2022, the Board of Management progressively increased the scope of shares repurchased. Initially, it was set for up to 50 million shares at a cost of €2 billion. Subsequent resolutions in 2023 and 2024 expanded this to 130 million shares, costing up to €4 billion.

The purpose of the repurchased shares includes retirement, servicing executive remuneration, future employee share offerings, or fulfilling obligations under a convertible bond due in 2025. The company has conducted the program across several tranches, all adhering to strict regulatory requirements and stock exchange rules. The most recent tranche, amounting up to €600 million, marks around 1.3% of share capital and is set to continue until December 2024.