Deutsche Telekom AG / DE0005557508

04.06.2024 - 07:00:05

EQS-CMS: Deutsche Telekom AG: Release of a capital market information

EQS Post-admission Duties announcement: Deutsche Telekom AG / Disclosure in accordance with Art. 5 (1) lit. a) of Regulation (EU) No. 596/2014 and Art. 2 (1) of Commission Delegated Regulation (EU) No. 2016/1052
Deutsche Telekom AG: Release of a capital market information

04.06.2024 / 07:00 CET/CEST
Dissemination of a Post-admission Duties announcement transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Bonn, June 4, 2024
Disclosure in accordance with Art. 5 (1) lit. a) of Regulation (EU) No. 596/2014 and Art. 2 (1) of Commission Delegated Regulation (EU) No. 2016/1052
Deutsche Telekom AG (‘DTAG’) announced in an ad hoc announcement dated November 2, 2023, inter alia to buy back DTAG shares (ISIN: DE0005557508) for a total purchase price (excluding transaction costs) of up to 2 billion euros under a share buy-back program (‘2024 share buy-back program’). The buy-back commenced on January 3, 2024 and will take place over the period ending on December 31, 2024. The purpose of the share buy-back is to recoup part of the dilution effect from DTAG’s 2021 capital increase. DTAG’s repurchased shares will therefore be canceled.
Shares are to be purchased in several tranches under the share buy-back program.
A second tranche, with a purchase price (excluding transaction costs) of up to 700 million euros, is currently being carried out in the period from May 20, 2024 to no later than August 30, 2024 exclusively through Xetra trading on the Frankfurt Stock Exchange.
The maximum total volume of up to 700 million euros of the second tranche will be increased by 600 million euros to 1.3 billion euros as of June 4, 2024. Based on the closing price on Xetra trading on the Frankfurt Stock Exchange on June 3, 2024 of 22.64 euros, this corresponds to a total of up to 57,420,494 shares. The term of the second tranche remains unchanged, ending on August 30, 2024. In addition to Xetra trading on the Frankfurt Stock Exchange, the buy-back program now might additionally be carried out through selected MTFs (CBOE-DXE, Turquoise Europe).
The 2024 share buy-back program will be based on the resolution of the DTAG shareholders’ meeting on April 1, 2021, under which the DTAG Board of Management has been authorized until March 31, 2026 to purchase shares with the amount of share capital accounted for by these shares totaling up to 1,218,933,400.57 euros. This corresponds to 10 percent of DTAG’s share capital on the date of the resolution on the authorization. The maximum number of shares that DTAG may purchase under the existing authorization is therefore 476,145,859 shares. The consideration per share paid (excluding transaction costs) may not be more than 10 percent above or 20 percent below the market price of the shares determined by the opening auction on the trading day on which the contractual transaction was concluded in the Xetra trading system of Deutsche Börse AG (or a successor system).
DTAG will purchase own shares observing the principle of equal treatment of shareholders (§ 53a of the German Stock Corporation Act (Aktiengesetz – AktG)) and commissioning one or several credit institutions. Each credit institution commissioned is to make its decision on the timing of the purchase of DTAG shares in accordance with Art. 4 (2) lit. b) of Commission Delegated Regulation (EU) 2016/1052 from March 8, 2016 independently from and uninfluenced by DTAG. As such, DTAG will not influence the decisions of the respective credit institution in any way.
Own shares will be purchased in accordance with Art. 5 of Regulation (EU) No. 596/2014 of the European Parliament and of the Council of April 16, 2014 as well as the provisions of the Commission Delegated Regulation (EU) 2016/1052 of March 8, 2016. The DTAG shares will be purchased at market price in accordance with the conditions for trading pursuant to Art. 3 of the Commission Delegated Regulation (EU) 2016/1052 of March 8, 2016. In particular, the DTAG shares will not be purchased at a price higher than the higher of the price of the last independent trade and the highest current independent bid on the trading venue where the purchase is carried out. Furthermore, DTAG will not purchase on any trading day more than 25 percent of the average daily volume of the shares on the trading venue where the purchase is carried out. The average daily volume is based on the average daily volume traded during the 20 trading days preceding the date of purchase. DTAG will obligate every credit institution commissioned with the purchase of own shares under the 2024 share buy-back program to act accordingly.
The 2024 share buy-back program can be suspended and resumed again at any time if necessary and legally permitted.
Information on transactions relating to the 2024 share buy-back program will be publicly disclosed appropriately in detail and in aggregate form no later than by the end of the seventh daily market session following the date of execution of such transactions. In addition, DTAG will publish the disclosed transactions on its website (www.telekom.com) under Investor Relations, and will ensure that the information remains publicly available for at least five years from the date of disclosure.

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