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Share Buyback Program
At the Annual General Meeting (AGM) on May 29 2008, Deutsche Bank’s shareholders renewed the authorization to buy back up to 10% of shares issued, i.e. up to 53,053,143 shares until October 31, 2009, replacing last year’s AGM authorization. At the same time, the Management Board decided to conclude the current program. It has not yet been determined when the new share buyback authorization will be initiated.
Within the concluded share buyback program, which was launched on May 30, 2007, a total of 7,155,200 shares, or 1.4 per cent of the share capital as at the AGM in 2007, had been repurchased at an average price of EUR 101.14, for a total consideration of EUR 724 million. Thereof 200,000 shares had been repurchased by selling put options. The inventory in own shares within the buyback program as of May 29, 2008 amounted to 24.9 million shares, or 4.7 per cent of shares issued. This inventory is a result of the 23.3 million shares held at the time of the AGM in 2007 plus the repurchases of the concluded program. Thereof, roughly 5.5 million shares were used to hedge share awards. Deutsche Bank has not cancelled any shares since the AGM 2007.
Overview of all Deutsche Bank share buyback programs until May 29, 2008:
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Reports
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Share Buyback Program 2007/8: Final Report
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Share Buyback Program 2006/7: Final Report
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Share Buyback Program 2005/6: Final Report
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Share Buyback Program 2004/5: Final Report
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Share Buyback Program 2003/4: Final Report
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Share Buyback Program 2002/3: Final Report
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Concluded Share Buyback Programs
For information on share buyback programs which are already concluded, please click
[here]
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