Ad hoc: Deutsche Post AG announces to buy back shares up to a total of EUR 1bn
In light ofthe positive business trend and in honoring the finance policy of the group themanagement board and the supervisory board decided on a share buyback programof up to EUR 1bn and on the use of repurchased shares. The share buybackprogram starting in March 2021 is restricted to a duration of one year. Theexecution of the share buyback is based on the AGM authorisations. Thepurchased shares will either be cancelled or used to service long termmanagement incentive programs.
DeutschePost DHL Group will keep the capital market informed about the progress of theshare buyback program on its web site.
Thedecision to initiate a share buyback program is in line with the group'scorporate finance policy and is to be seen against the background of the strongfree cash flow generation amounting to EUR 2.5bn for FY 2020 and the positivefurther outlook.
Furthermore Management and Supervisory Board willpropose to the AGM on May 6th, 2021 a dividend of EUR 1.35 per share for FY2020. Additional details pertaining to Q4 and FY 2020 results will be publishedon March 9th 2021 at 7:00h CET.
Explanations on these financial indicators are available in the 2019 DeutschePost DHL Group Annual Report (see page 14f) which is published on thecompany's website at the link below: