On February 15, 2023, Commerzbank AG has announced inter alia, that a share buyback program is planned for the Fiscal Year 2023 subject to the required approval. After having received the approval, on June 6, 2023 the Board of Management of Commerzbank AG has resolved to carry out a buyback program of shares of Commerzbank AG (ISIN: DE000CBK1001) for a total purchase price of up to EUR 122 million.
The buyback via the Xetra-trading system of the Frankfurt stock exchange was carried out from June 7 through June 23, 2023. The total number of own shares purchased amounts to 12,134,305. This corresponds to a share of 0,97% of the Banks’s share capital. The average price paid at the stock exchange was 10.05 EURO per share.
The purpose of the share buyback is the reduction of the share capital of Commerzbank AG. The repurchased shares of Commerzbank AG will be redeemed.