Deutsche Bank treasury stock inventory below 3 per cent
Deutsche Bank (XETRA: DBKGn.DE / NYSE: DB) today announced in the form of a compulsory notification pursuant to the German Securities Trading Act that on 10 November 2008 the holdings of its own shares fell below the threshold of 3 per cent and is now 2.9 per cent.
This development is attributable to the sale of treasury shares.
Stefan Krause, Chief Financial Officer of Deutsche Bank AG, said: ”With this initiative we continue to pursue our stated strategy of further strengthening our capital base, and the objective of sustaining a BIS Tier 1 ratio of over 10 per cent in volatile and uncertain markets.”
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This release contains forward-looking statements. Forward-looking statements are statements that are not historical facts; they include statements about our beliefs and expectations and the assumptions underlying them. These statements are based on plans, estimates and projections as they are currently available to the management of Deutsche Bank. Forward-looking statements therefore speak only as of the date they are made, and we undertake no obligation to update publicly any of them in light of new information or future events.
By their very nature, forward-looking statements involve risks and uncertainties. A number of important factors could therefore cause actual results to differ materially from those contained in any forward-looking statement. Such factors include the conditions in the financial markets in Germany, in Europe, in the United States and elsewhere from which we derive a substantial portion of our trading revenues, potential defaults of borrowers or trading counterparties, the implementation of our management agenda, the reliability of our risk management policies, procedures and methods, and other risks referenced in our filings with the U.S. Securities and Exchange Commission. Such factors are described in detail in our SEC Form 20-F of 26 March 2008 under the heading "Risk Factors." Copies of this document are readily available upon request or can be downloaded from www.deutsche-bank.com/ir.