GLADE MICHEL WIRTZ advises Mercedes-Benz Group AG on share buyback policy and further share buyback

GLADE MICHEL WIRTZ advises Mercedes-Benz Group AG in connection with a new share buyback policy that was announced by the group yesterday. Based on such policy, the future Free Cash Flow from the industrial business (as available post potential small-scale M&A) generated beyond the approx. 40 percent dividend payout ratio of Group Net Income shall be used to fund share buybacks with the purpose of redeeming shares.

In this context, Mercedes-Benz Group AG has resolved to conduct a further share buyback programme which is expected to commence immediately after the conclusion of the ongoing share buyback programme. Through the new share buyback programme it is intended to repurchase own shares worth up to EUR 3 billion (not including incidental costs) on the stock exchange and subsequently cancel them.

As already in connection with the ongoing share buyback programme, through which it is intended to acquire own shares worth up to EUR 4 billion (not including incidental costs) and subsequently cancel them, GLADE MICHEL WIRTZ advises Mercedes-Benz Group AG also in connection with the new share buyback programme.