DGAP-CMS: MÃ¼nchener RÃ¼ckversicherungs-Gesellschaft

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News Desk 2018

Aug 8, 2014 at 7:45 AM

DGAP-CMS: MÃ¼nchener RÃ¼ckversicherungs-Gesellschaft Aktiengesellschaft in MÃ¼nchen: Release of a capital market information

MÃ¼nchener RÃ¼ckversicherungs-Gesellschaft Aktiengesellschaft in MÃ¼nchen / Share buy-back 08.08.2014 13:39 Dissemination of a Post-admission Duties announcement, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- MÃ¼nchener RÃ¼ckversicherungs-Gesellschaft Aktiengesellschaft in MÃ¼nchen WKN 843002 ISIN DE0008430026 Disclosure according to Section 4 para. 2 of Regulation (EC) No. 2273/2003 The Board of Management of MÃ¼nchener RÃ¼ckversicherungs-Gesellschaft Aktiengesellschaft in MÃ¼nchen ('Munich Re') resolved on 20 March 2014 that up to 13,000,000 Munich Re shares (ISIN DE0008430026) will be acquired for a maximum total purchase price (excluding incidental expenses) of EUR 1 bn via the stock exchange at the conditions stated below in the period between 1 May 2014 and, at the latest, the Annual General Meeting on 23 April 2015. The shares may be also be acquired using derivatives in the form of put options, call options or a combination of both in accordance with the authorisation granted by the Annual General Meeting on 30 April 2014. The Company may acquire own shares up to a maximum of 5% of the share capital at the time of the authorisation (30 April 2014) using options. If shares are bought back using options, the purchase price to be paid shall be the option exercise price (excluding incidental expenses). The Board of Management is thus availing itself of the authorisation to buy back shares granted by the Annual General Meeting on 30 April 2014. The buy-back for a maximum total purchase price (excluding incidental expenses) of EUR 1 bn shall be carried out in several tranches. A first tranche will be carried out until 08 August 2014. A second tranche with a maximum total purchase price (excluding incidental expenses) of EUR 300 mio. will be carried out in the period between 11 August and 07 November 2014. The buy-back will be carried out in accordance with Section 14 para. 2 and Section 20 a para. 3 of the German Securities Trading Act in conjunction with the rules of Commission Regulation (EC) No. 2273/2003 of 22 December 2003 implementing Directive 2003/6/EC of the European Parliament and of the Council as regards exemptions for buy-back programmes and stabilisation of financial instruments (hereinafter: EC Regulation 2273/2003), with the exception of Section 3 of EC Regulation 2273/2003. The buy-back may be carried out on behalf of and for the account of Munich Re using one or more independent banks. The banks are obliged to carry out the acquisition of Munich Re shares in keeping with the above-mentioned rules and to comply with the provisions of the Annual General Meeting au-thorisation of 30 April 2014. The banks will make their decisions regarding the timing of share acquisitions independently of and without influence by Munich Re, according to Article 6 para. 3 b) of EC Regulation 2273/2003. Munich Re will thus not exercise control over the banks' decisions in this respect. The Board of Management may stop the share buy-back programme and - subject to the in-sider trading rules of the German Securities Trading Act - resume it at any time. In particular, the banks are obliged to observe the trading conditions of Article 5 of EC Regula-tion 2273/2003 and the conditions of this share buy-back programme. The own shares acquired may be used for all legally admissible purposes authorised by the Annual General Meeting on 30 April 2014. Independent of the present share buy-back programme, companies of the Munich Re Group buy and sell own shares to a minor extent on an ongoing basis for employee share pro-grammes and to safeguard stock appreciation rights from the long-term incentive plan for the Board of Management and top executives. In so doing, they comply with the conditions of the authorisation granted by the Annual General Meeting on 30 April 2014. The transactions will be published according to EU Regulation 2273/2003; Munich Re will provide regular information on the progress of the share buy-back programme at www.munichre.com. Munich, 08 August 2014 The Board of Management 08.08.2014 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: MÃ¼nchener RÃ¼ckversicherungs-Gesellschaft Aktiengesellschaft in MÃ¼nchen KÃ¶niginstraÃe 107 80802 MÃ¼nchen Germany Internet: www.munichre.com End of Announcement DGAP News-Service ---------------------------------------------------------------------------

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