Siemens plans to buy back shares in an amount of up to €3 billion euro until November 15, 2018

  • Decision on the retirement of 31 million treasury shares

MUNICH, 03-Feb-2016 — /EuropaWire/ — Today (2016-Feb-02), Siemens has started the share buyback announced on November 12, 2015 and plans to buy back shares in an amount of up to €3 billion euro until November 15, 2018 at the latest. In addition, 31 million treasury shares will be retired. This will reduce the capital stock of 881 million to 850 million shares. “With this new share buyback we ensure that our shareholders, in addition to our attractive dividend, will participate continuously in the success of the company,” says CFO Ralf P. Thomas.

The execution of the share buyback will be accomplished under the authorizations granted by the Annual Shareholders’ Meeting on January 27, 2015. The share buyback serves the sole purposes of retirement, of issuing shares to employees, board members of any of Siemens’ affiliated companies and members of the Managing Board of Siemens AG as well as of servicing/securing the obligations or rights to acquire Siemens shares arising particularly from or in connection with convertible bonds or warrant bonds.

Siemens AG (Berlin and Munich) is a global technology powerhouse that has stood for engineering excellence, innovation, quality, reliability and internationality for more than 165 years. The company is active in more than 200 countries, focusing on the areas of electrification, automation and digitalization. One of the world’s largest producers of energy-efficient, resource-saving technologies, Siemens is No. 1 in offshore wind turbine construction, a leading supplier of gas and steam turbines for power generation, a major provider of power transmission solutions and a pioneer in infrastructure solutions as well as automation, drive and software solutions for industry. The company is also a leading provider of medical imaging equipment – such as computed tomography and magnetic resonance imaging systems – and a leader in laboratory diagnostics as well as clinical IT. In fiscal 2015, which ended on September 30, 2015, Siemens generated revenue of €75.6 billion and net income of €7.4 billion. At the end of September 2015, the company had around 348,000 employees worldwide. Further information is available on the Internet at www.siemens.com.

This document contains statements related to our future business and financial performance and future events or developments involving Siemens that may constitute forward-looking statements. These statements may be identified by words such as “expect,” “look forward to,” “anticipate” “intend,” “plan,” “believe,” “seek,” “estimate,” “will,” “project” or words of similar meaning. We may also make forward-looking statements in other reports, in presentations, in material delivered to shareholders and in press releases. In addition, our representatives may from time to time make oral forward-looking statements. Such statements are based on the current expectations and certain assumptions of Siemens’ management, of which many are beyond Siemens’ control. These are subject to a number of risks, uncertainties and factors, including, but not limited to those described in disclosures, in particular in the chapter Risks in the Annual Report. Should one or more of these risks or uncertainties materialize, or should underlying expectations not occur or assumptions prove incorrect, actual results, performance or achievements of Siemens may (negatively or positively) vary materially from those described explicitly or implicitly in the relevant forward-looking statement. Siemens neither intends, nor assumes any obligation, to update or revise these forward-looking statements in light of developments which differ from those anticipated.

Contact

Mr. Alexander Becker
Siemens AG
Wittelsbacherplatz 2
80333 Munich
Germany
Tel: +49 (89) 636-36558
becker.alexander​@siemens.com

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