Deutsche Bank AG (XETRA: DBKGn.DE / NYSE: DB) today announced in the form of a compulsory notification pursuant to the German Securities Trading Act that on 5 January 2007 the holdings of its own shares exceeded the threshold of 5 per cent and is now 5.006 per cent.
The reason for the reporting limit being exceeded is the ongoing execution of the current share buyback program. By 5 January 2007, Deutsche Bank had bought back under this program 9.3 million shares, or 1.8 per cent of shares issued. The difference between this buyback volume and the current holdings is primarily driven by the previous inventory before program start in June 2006.
A detailed update on the progress of the current share buyback program will be provided, as usual, with the release of Deutsche Bank’s 4Q2006 results on 1 February 2007.