Deutsche Beteiligungs AG resolves upon 20 million euros share buyback programme – shareholders to benefit from value creation

Deutsche Beteiligungs AG (DBAG) has announced a new share buyback programme. The related mandatory ad hoc release was published on 22 February 2024, with the share buyback programme also being presented to DBAG’s shareholders and their representatives at the 2024 Annual General Meeting, where the Company reported on the financial year 2022/2023. This strategic move is in line with DBAG's recently adopted and updated distribution policy, which provides for a stable dividend of at least 1.00 euro for each DBAG share entitled to dividends, aiming to have shareholders participate to a greater degree in the Company's development.

The share buyback programme is limited to a total volume of 20 million euros (excluding incidental acquisition cost) and a maximum of 800,000 shares, which is about 4.25 per cent of DBAG’s share capital. Purchase price per share will be at least ten per cent below the net asset value per share as valued in the respective and most recent quarterly statement. The programme carries a term of up to one year and will be implemented via the stock exchange by a bank specifically mandated for this purpose.

In conducting this share buyback programme, DBAG is demonstrating new evidence of their commitment to long-term value creation for shareholders. Previous share buyback programmes were implemented in the 2004/2005, 2005/2006 and 2007/2008 financial years. The new programme is a further clear indication of the Company's trust in the strength of its own business model and its long-term growth strategy. It also showcases DBAG’s confidence in the value of its shares and offers an attractive opportunity for investors to participate in the Company’s success. A key benefit of the programme is the additional value created for DBAG's shareholders, in addition to the dividend, provided that the total volume is utilised. This underlines DBAG’s commitment to create long-term value for its shareholders.

¹ Dividend for each DBAG share entitled to dividends for the 2022/2023 financial year
² 1.00 euro for each voting share plus capital distribution per share if the programme’s total volume is taken up