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Deutsche Börse AG initiates €300m share buyback under new 'Horizon 2026' strategy

EditorRachael Rajan
Published 2023/11/06, 21:18
© Reuters.

Deutsche Börse AG has announced the initiation of a €300 million share buyback program as part of its "Horizon 2026" strategy. The move represents the first step under the company's refined capital management approach, aiming to boost future growth and shareholder value. The specifics of the program, set to commence in Q1 2024, will be determined by the board separately.

The "Horizon 2026" strategy aims to foster future growth following a successful past capital management framework. As part of this plan, Deutsche Börse AG intends to distribute 30-40% of adjusted net profit as dividends to shareholders, supplemented by share buybacks in situations of excess liquidity. For fiscal year 2023, the company plans a dividend distribution ratio of around 40% of net profit, indicating an increase in dividend per share.

This announcement aligns with the company's objective to enhance shareholder returns and maintain a strong balance sheet. The executive board has greenlit this initiative, marking a significant step forward in Deutsche Börse AG's strategic journey towards 2026.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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