The share buyback resolved today by Siemens Energy AG (hereinafter also referred to as "Company") will commence on 24 September 2026. In the time period until 31 March 2027 at the longest, treasury shares of the Company with a maximum value of EUR 2 billion (excluding incidental transaction charges) shall be acquired, in total, however, no more than 50,000,000 no par-value shares. The share buyback serves solely the following purposes: (i) in connection with share-based remuneration programs and employee stock programs issuing shares to current and former employees of the Company and members of the Executive Board of the Company and current and former employees and members of the representative bodies of the Company’s group companies and (ii) cancellation of acquired shares. The Executive Board thereby exercises the authorization granted by the Shareholders' Meeting of the Company on 26 February 2024 to acquire treasury shares pursuant to section 71 para. 1 no. 8 of the German Stock Corporation Act (Aktiengesetz, AktG). If the share buyback reaches the end of the validity period or the acquisition limits of this authorization, it can be continued under a new authorization, subject to the granting of such new authorization to be approved by the Shareholders' Meeting for the acquisition and use of treasury shares.
The full announcement can be found here.
