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EQS-Adhoc: Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München: Munich Re plans dividend of €15 per share for 2023 and resolves share buy-back with volume of up to €1.5bn

EQS-Ad-hoc: Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München / Key word(s): Dividend/Share Buyback
Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München: Munich Re plans dividend of €15 per share for 2023 and resolves share buy-back with volume of up to €1.5bn

26-Feb-2024 / 18:52 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.


The Board of Management of Munich Reinsurance Company intends to propose to the Annual General Meeting a dividend of €15.00 per share for the 2023 financial year (consensus: €12.49). The Supervisory Board is to decide on the Board of Management’s dividend planning once the final business figures are available for 2023. The dividend payment is subject to the resolution of the Annual General Meeting.

In addition, the Board of Management has resolved to purchase own shares amounting to a maximum value of €1.5bn (excluding incidental expenses) in the period from 26 April 2024 until the Annual General Meeting on 30 April 2025 at the latest. The repurchased shares are to be retired. The share buy-back programme is subject to the approval of the Praesidium and Sustainability Committee of the Supervisory Board.

Munich Re’s capital repatriation thus totals €3.5bn.

 


Contact:
Dr. Stefan Gehring
General Counsel & Group Chief Compliance Officer


End of Inside Information

26-Feb-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com


Language:English
Company:Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München
Königinstraße 107
80802 München
Germany
Phone:+49(0) 89 3891-0
Fax:+49(0) 89 399 056
E-mail:shareholder@munichre.com
Internet:www.munichre.com
ISIN:DE0008430026, DE0008430026
WKN:843002, 843002
Indices:DAX, EURO STOXX 50
Listed:Regulated Market in Frankfurt (Prime Standard), Munich; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Stuttgart, Tradegate Exchange; Mailand
EQS News ID:1845471

 
End of AnnouncementEQS News Service

1845471  26-Feb-2024 CET/CEST

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