Vienna Insurance Group: New share buyback approved by the general meeting!

Vienna Insurance Group: New share buyback approved by the general meeting!

On May 23, 2025, VIENNA INSURANCE GROUP AG published the results of its general meeting. A central point of the meeting was the resolution to repurchase treasury shares in accordance with Section 65 of the German Stock Corporation Act. This resolution is of significant financial interest and demonstrates the Company's commitment to supporting its shareholders over the long term.

The new resolution revoked the Board of Management's authorization to acquire treasury shares, which was previously granted on May 26, 2023. The Board of Directors is now authorized to acquire up to 10% of the share capital in the form of its own common shares. The validity of this authorization is 30 months from the date of the resolution.

Details about the repurchase

The provisions for repurchase are clearly defined. The repurchase price may be a maximum of 50% below and a maximum of 10% above the average closing price of the last ten trading days. The shares can be acquired either via the stock exchange, through a public offer or in another legally permissible manner.

The Board of Directors is also authorized to use the acquired shares for various purposes, including issuing them to employees and executives and servicing convertible bonds. Furthermore, sales can take place in other legally permissible ways.

The decision was taken in Vienna, which underlines the importance of the event for the local economy. The shareholders of VIENNA INSURANCE GROUP AG can look to the future with optimism as the company is actively working on measures that could increase the value of their investments.

For further information on this topic, the official documents can be found on the websites of boerse.de and wienerberger.com can be viewed.