Ad hoc: Deutsche Post DHL Group announces to buy back shares up to a total of EUR 1bn
The share buyback programme starting in March 2016 is restricted to a duration of one year and a notional amount of up to EUR 1bn. The execution of the share buyback is based on the authorisation of the AGM on May 27th, 2014. The purchased shares will either be cancelled, used to service long term management incentive programmes or to meet possible obligations arising from valid exercises under the convertible bond 2012 / 2019.
Deutsche Post DHL Group will keep the capital market informed about the progress of the share buyback programme on its web site.
The decision to initiate a share buyback program is in line with the group's corporate finance policy and is to be seen against the background of the strong free cash flow generation amounting to EUR 1.7bn for FY 2015, meeting the EBIT guidance for FY 2015 and the reconfirmation of the targets for 2016 and 2020.
Additional details pertaining to Q4 and FY 2015 results will be published on March 9th 2016 at 7:00h CET.