Mercedes-Benz Group AG announces a new share buyback program

Mercedes-Benz Group AG has announced the implementation of a share buyback policy along with a new program in this regard. The decision, made public on February 21, 2024, involves using the company's available cash flows, beyond a dividend distribution ratio of approximately 40% of the Group's net profit, to fund the repurchase and cancellation of shares.

The planned share buyback program for an amount of up to 3 billion euros (excluding incidental costs) is based on an authorization from the General Meeting of July 8, 2020, allowing the management board, with the approval of the supervisory board, to acquire up to 10% of the share capital until July 7, 2025. This program is expected to start immediately after the conclusion of the ongoing program announced on February 16, 2023, and its completion is scheduled before the expiration of the aforementioned authorization.

Future share buyback programs remain subject to approval by the company's governance bodies for each case. For further information, Edward Taylor can be contacted at the following email address: edward.taylor@mercedes-benz.com.