Siemens has started the share buyback announced on Nov. 12, 2015 and plans to buy back shares in an amount of up to €3 billion euro until Nov. 15, 2018 at the latest. In addition, 31 million treasury shares will be retired. This will reduce the capital stock of 881 million to 850 million shares.
"With this new share buyback we ensure that our shareholders, in addition to our attractive dividend, will participate continuously in the success of the company," says CFO Ralf P. Thomas.
The execution of the share buyback will be accomplished under the authorizations granted by the Annual Shareholders' Meeting on Jan. 27, 2015. The share buyback serves the sole purposes of retirement, of issuing shares to employees, board members of any of Siemens' affiliated companies and members of the Managing Board of Siemens AG as well as of servicing/securing the obligations or rights to acquire Siemens shares arising particularly from or in connection with convertible bonds or warrant bonds.
