PTA-CMS: Bayerische Motoren Werke Aktiengesellschaft: Information on the Share Buy-Back Programme 2022/2023

Thursday, 30. June 2022 13:00

Announcement according to article 2 of the Regulation (EU) 2016/1052

Munich (pta041/30.06.2022/13:00) - Announcement pursuant to art. 5 para. 1 lit. a) of Regulation (EU) no 596/2014 and art. 2 para. 1 of Commission Delegated Regulation (EU) 2016/1052

Bayerische Motoren Werke Aktiengesellschaft (BMW AG, the "Company") has approved a share buy-back programme based on the authorisation granted by the Annual General Meeting on 11 May 2022. The programme has a volume of up to EUR 2.0 bn (total purchase price excluding ancillary costs). Of this amount, a volume of up to EUR 1.85 bn is attributed to ordinary shares and a volume of up to EUR 0.15 bn to preferred shares of the Company. A maximum of 60,199,520 ordinary shares and 5,940,430 preferred shares may be purchased. The programme is scheduled to start in July 2022 and be completed no later than 31 December 2023.

The share buy-back programme has the purpose of redeeming shares with a corresponding reduction in share capital and may also be used to transfer shares to employees of the Company or a Group company within the framework of an employee share programme.

The share buy-back is carried out in accordance with the safe harbour rules set out in art. 5 of the EU Market Abuse Regulation (Regulation (EU) no. 596/2014) in conjunction with the provisions of the Commission Delegated Regulation (Regulation (EU) 2016/1052, "Share Buy-Back Regulation").

One or more independent banks are commissioned to carry out the buy-back or individual parts of it. They make their decisions about the date of acquisition of the shares independently and without being influenced by the Company. The Company's right to terminate the mandate of one or all banks early and/or to transfer the mandate to one or more other banks remains unaffected. The share buy-back can be suspended, interrupted and, if necessary, resumed in accordance with the legal requirements to be observed.

The shares are purchased on the stock exchange. The price per share paid by the Company (excluding ancillary costs) may not exceed or fall below the price of the share of the respective class determined by the opening auction in Xetra trading (or a comparable successor system) on the Frankfurt Stock Exchange on the trading day by more than 10%.

Mandated banks are obliged to comply with trading conditions set out in art. 3 of the Share Buy-Back Regulation. All transactions under the share buy-back programme will be announced in a manner corresponding to the requirements of art. 2 para. 3 of the Share Buy-Back Regulation no later than the end of the seventh trading day after their execution. In addition, the Company will publish the transactions on its website at and ensure that the information remains publicly available there for at least five years from the date of disclosure.

The share buy-back will be carried out in a first tranche with a volume of up to EUR 700 million for ordinary shares and up to EUR 55 million for preferred shares in the period from 1 July 2022 to 1 December 2022 at the latest. The upper limit of 60,199,520 ordinary shares and 5,940,430 preferred shares will be adhered to.

Bayerische Motoren Werke Aktiengesellschaft

The Board of Management


emitter: Bayerische Motoren Werke Aktiengesellschaft
address: Petuelring 130, 80788 München
country: Germany
contact person: Veronika Rösler, Leiterin Investor Relations
phone: +49 89 382-25387

ISIN(s): DE0005190003 (share), DE0005190037 (share)
stock exchanges: regulated market in Frankfurt, Munich; free market in Stuttgart, free market in Hamburg, free market in Dusseldorf, free market in Hannover; open market in Berlin, Tradegate
other stock exchanges: Aquis Exchange Europe

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Related Links: BMW AGBMW AG