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Wednesday 23 October, 2019

Talanx Aktiengesellschaft

Release of a capital market information

DGAP Post-admission Duties announcement: Talanx Aktiengesellschaft / Capital markets information
Talanx Aktiengesellschaft: Release of a capital market information

23.10.2019 / 13:12
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.


Talanx resolves on share buyback for the employee share programme


Hannover, 23 Oktober 2019

The Board of Management of Talanx AG (ISIN DE000TLX1005) has resolved to buy back 108,676 own shares of the company pursuant to Section 71 para. 1 no. 2 of the German Stock Corporation Act for the purpose of offering the shares to participating employees under the Talanx employee share programme 2019. The volume of the share buyback is limited to approx. 0.04% of the outstanding shares of the company.

The purpose of the buyback is to meet obligations in connection with a share option programme for employees according to Art. 5 para 2c of the Regulation (EU) No. 596/2014 of the European Parliament and the Council of 16 April 2014 ('MAR').

The share buyback will not commence before 28 October 2019 and will be completed by 20 November 2019.

The share buyback will be carried out in accordance with Art. 5 para 1 MAR as well as the provisions of the Delegated Regulation (EU) 2016/1052 of the Commission of March 8, 2016 ('Delegated Regulation') in a manner that minimizes any impact on the share price. The share buyback will be conducted by a credit institution, which shall make its decisions regarding the date of the acquisition of the shares and the respective volume of the shares to be bought back independently and without influence by the company. The total volume of the share buyback will not exceed a maximum of EUR 5,000,000.

Information on the transactions relating to the buyback programme will be disclosed in an adequate manner in accordance with Art. 2 para. 2 and 3 of the Delegated Regulation no later than by the end of the seventh daily market session following the date of the execution of the transaction. Further, the company in accordance with Art. 2 para. 3 of the Delegated Regulation will publish all disclosed transactions on its website www.talanx.com under https://www.talanx.com/investor-relations/share/sharebuyback.aspx?sc_lang=en and will keep that information available to the public for at least a 5-year period from the date of public disclosure.

Contact:
Carsten Werle
Head of Investor Relations
HDI-Platz 1
30659 Hannover
Phone: +49 511 3747 2231



23.10.2019 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: Talanx Aktiengesellschaft
HDI-Platz 1
30659 Hannover
Germany
Internet: www.talanx.com

 
End of News DGAP News Service

894947  23.10.2019 

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