Deutsche Bank completes € 450 million share buyback program

Deutsche Bank (XETRA: DBGn.DB / NYSE: DB) today confirmed the successful completion of its € 450 million share buyback program announced on July 25, 2023. Between August 2 and December 8, 2023, 45.5 million shares, or 2.23% of the bank’s share capital, were repurchased at a volume weighted average price of € 9.88 per share.

Together with dividends of € 0.6 billion distributed in May 2023, total distributions to shareholders exceeded € 1 billion in 2023. Total distributions to shareholders during 2022 and 2023 were € 1.766 billion.

These distributions represent progress towards management’s goal to distribute around € 8 billion to shareholders in respect of the financial years 2021 - 2025. Upon publication of its third quarter results on October 25, 2023, Deutsche Bank raised its capital outlook, having identified potential to free up approximately € 3 billion of additional capital by the end of 2025, providing scope for accelerated and expanded distributions and further business investment.

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