DGAP-Adhoc: Munich Re continues share buy-backs

 | Source: EQS Group AG EQS Group AG 

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München / Corporate Action/Share Buyback

07.05.2010 07:34 

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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Munich Re intends to buy back up to 15 million shares for a maximum
purchase price of EUR1bn by the 2011 Annual General Meeting.

On the basis of the authorisation granted by the Annual General Meeting on
28 April 2010, Munich Reinsurance Company's Board of Management has
resolved to buy back up to 15 million shares for a maximum total purchase
price of EUR1bn (excluding incidental expenses) in the period between 7 May
2010 and, at the latest, the next Annual General Meeting on 20 April 2011.
On the basis of the current share price (status: 5 May 2010), this would
amount to around 5% of the share capital. The repurchased shares are to be
retired in order to optimise the Company's capital structure.


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Information and Explaination of the Issuer to this News:

This announcement contains forward-looking statements that are based on
current assumptions and forecasts of the management of Munich Re. Known and
unknown risks, uncertainties and other factors could lead to material
differences between the forward-looking statements given here and the
actual development, in particular the results, financial situation and
performance of our Company. The Company assumes no liability to update
these forward-looking statements or to conform them to future events or
developments.

07.05.2010 07:34 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv at |[![CDATA[|[a href="http://www.dgap-medientreff.de"|]www.dgap-medientreff.de|[/a|]]]|] and |[![CDATA[|[a href="http://www.dgap.de"|]www.dgap.de|[/a|]]]|]

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Language:     English
Company:      Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München
              Königinstraße 107
              80802 München
              Deutschland
Phone:        +49(0) 89 3891-0
Fax:          +49(0) 89 399 056
E-mail:       shareholder@munichre.com
Internet:     www.munichre.com
ISIN:         DE0008430026, DE0008430026
WKN:          843002, 843002
Indices:      DAX, EURO STOXX 50
Listed:       Regulierter Markt in Frankfurt (Prime Standard), München;
              Freiverkehr in Berlin, Düsseldorf, Hannover, Stuttgart,
              Hamburg; Terminbörse EUREX; Foreign Exchange(s) Mailand
 
End of News                                     DGAP News-Service
 
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