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Mercedes-Benz Group AG / Key word(s): Share Buyback Mercedes-Benz Group AG resolves share buyback programme Today, the Board of Management and the Supervisory Board of Mercedes-Benz Group AG have resolved to conduct a share buyback programme. Beginning March 2023, own shares worth up to EUR 4 billion (not including incidental costs) are intended to be acquired on the stock exchange over a period of up to two years and shall subsequently be cancelled. The share buyback programme will be based on the authorization by the Annual General Meeting of Mercedes-Benz Group AG on July 8, 2020, authorizing the Board of Management to acquire, with the approval of the Supervisory Board, own shares up to a maximum of ten percent of the share capital until July 7, 2025. Mercedes-Benz Group AG has separately agreed with its shareholders Beijing Automotive Group Co Ltd (BAIC) and Geely Group that they will each keep their shareholdings in Mercedes-Benz Group AG below ten percent by divesting their shares on a pro-rata basis concurrently with the share buyback. Contact: Edward Taylor Tel.: +49 176 30941776 E-Mail: edward.taylor@mercedes-benz.com
16-Feb-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | Mercedes-Benz Group AG |
| Mercedesstrasse 120 | |
| 70372 Stuttgart | |
| Germany | |
| Phone: | +49 (0)711 17-0 |
| Fax: | +49 (0)711 179 40 75 |
| E-mail: | ir.mbg@mercedes-benz.com |
| Internet: | https://group.mercedes-benz.com |
| ISIN: | DE0007100000 |
| WKN: | 710000 |
| Indices: | DAX, EURO STOXX 50 |
| Listed: | Regulated Market in Frankfurt (Prime Standard), Stuttgart; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Tradegate Exchange |
| EQS News ID: | 1562193 |
| End of Announcement | EQS News Service |