DGAP-CMS: Announcement pursuant to Art. 5(1) lit. a) of Regulation (EU) No 596/2014 and Art. 2(1) of Delegated Regulation (EU) 2016/1052 / Share Buy-Back Programme

2019. március 01., péntek, 14:43





DGAP Post-admission Duties announcement: Allianz SE / Release of a capital market information


Announcement pursuant to Art. 5(1) lit. a) of Regulation (EU) No 596/2014 and Art. 2(1) of Delegated Regulation (EU) 2016/1052 / Share Buy-Back Programme


01.03.2019 / 14:43


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.



Munich, March 1, 2019

On February 14, 2019, the Board of Management of Allianz SE has resolved to
carry out a share buy-back programme with a volume of up to 35,000,000
shares of Allianz SE (ISIN: DE 000 840 400 5) for a total purchase price
(excluding incidental costs) of up to EUR 1.5 billion ("Share Buy-Back
Programme"). The buy-back via the Xetra-trading system of the Frankfurt
stock exchange will begin on March 4, 2019 and will be conducted for a
period up to December 31, 2019. The repurchased shares of Allianz SE will
be redeemed without reduction of the share capital.
The Share Buy-Back Programme will be carried out based on the authorization
of the Annual General Meeting of Allianz SE on May 9, 2018. Under this
authorization, Allianz SE is authorized to acquire until May 8, 2023
treasury shares in an amount of up to 10% of the capital stock of Allianz
SE at the time of the resolution on the authorization. If the shares are
repurchased over a stock exchange, the purchase price per share (excluding
incidental costs) shall not exceed by more than 10%, and not fall short of
by more than 10%, the opening auction price on the trading day in Frankfurt
am Main in the Xetra-trading system (or any comparable successor system).
The purchase of treasury shares by way of the Share Buy-Back Programme will
be carried out by instructing one or several credit institutions. To the
extent it is intended to repurchase shares of Allianz SE during a closed
period within the meaning of Art. 19(11) of Regulation (EU) No 596/2014 of
the European Parliament and the Council of April 16, 2014 or during a
period in which Allianz SE has decided to delay the public disclosure of
inside information in accordance with Art. 17(4) of Regulation (EU) No
596/2014 of the European Parliament and the Council of April 16, 2014,
Allianz SE will instruct a credit institution to execute such repurchases.
The credit institution will make its trading decisions concerning the
timing of the purchases of the shares of Allianz SE independently of and
without any influence from Allianz SE within the meaning of Art. 4(2) lit.
b) of Delegated Regulation (EU) 2016/1052 of the Commission of March 8,
2016. Insofar, Allianz SE will not exercise any influence over the credit
institution"s decisions.

Allianz SE will carry out the purchases in accordance with Art. 5 of
Regulation (EU) No 596/2014 of the European Parliament and the Council of
April 16, 2014 as well as the provisions of Delegated Regulation (EU)
2016/1052 of the Commission of March 8, 2016 and on the basis of the
aforementioned authorization by the Annual General Meeting of Allianz SE on
May 9, 2018. To the extent Allianz SE will instruct one or several credit
institutions to purchase the shares of Allianz SE, Allianz SE will obligate
these credit institutions accordingly.

The shares of Allianz SE will be purchased at market prices in accordance
with the conditions for trading pursuant to Art. 3 of Delegated Regulation
(EU) 2016/1052 of the Commission of March 8, 2016. In particular, the
shares of Allianz SE will not be purchased at a price higher than the
higher of the price of the last independent trade and the highest current
independent purchase bid on the trading venue where the purchase is carried
out. In addition, Allianz SE will not purchase on any trading day more than
25% of the average daily volume of the shares on the trading venue on which
the purchase is carried out. The average daily volume is calculated based
on the average daily volume traded during the 20 trading days preceding the
date of the respective purchase.

To the extent required and legally permissible, the Share Buy-Back
Programme can be suspended and also resumed at any time.
Independently of the Share Buy-Back Programme, companies of the Allianz
group have the possibility to buy and sell own shares or derivatives on own
shares, inter alia, for the "Employee Share Purchase Plan (ESPP)" of
Allianz or to hedge stock appreciation rights under the programme "Allianz
Equity Incentive (AEI)". In doing so, they comply with the provisions of
the authorisation granted by the Annual General Meeting of Allianz SE on
May 9, 2018.

Information on the transactions relating to the Share Buy-Back Programme
will be adequately disclosed no later than by the end of the seventh daily
market session following the date of execution of such transactions in a
detailed form and in an aggregated form. In addition, Allianz SE will post
on its website (www.allianz.com) under section "Investor Relations" the
transactions disclosed and keep that information available for the public
for at least a 5-year period from the date of public disclosure.















01.03.2019 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language: English
Company: Allianz SE

Königinstr. 28

80802 München

Germany
Internet: www.allianz.com





 
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782833  01.03.2019 



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