BMW AGM 2022
ITEM 8 - PROPOSED BMW SHARE BUYBACK AUTHORISATION.
STRINGENT CAPITAL MANAGEMENT AND SUSTAINED BUSINESS FOCUS
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BMW's Board of Management and Supervisory Board will seek an authorisation for a share buyback via the stock exchange at the AGM 2022
creating, amongst other topics, the option to improve its capital structure.
The profitable business development in recent years resulted in a strong balance sheet, which reveals a healthy equity ratio and a solid level of net
financial assets for the automotive segment.
At the same time the BMW Group will continue to strategically invest in the transformation of its business, particularly in the further ramp-up of
emissions-free mobility and digitalization thanks to its strong potential for further organic growth.
Key parameters of
authorisation
Usage options
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Allows to buyback BMW shares (BMW ordinary and/or BMW preferred shares) via the stock exchange up to 10% of the share
capital over a 5-year period (authorisation will end 10th May 2027).
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Can be exercised in its entirety or in several parts, once or several times, and in pursuit of one or several objectives.
The BMW Group may repurchase and use either ordinary shares or preference shares or shares of both categories for the objectives
granted.
The purchase price paid (excluding ancillary costs) must not exceed or be less than 10% of the opening price at the XETRA
trading system or a comparable successor system at the Frankfurt stock exchange at the purchase date.
Cancellation of repurchased BMW shares, which would result in a reduction of the issued share capital and a relative
improvement of certain KPIs, most importantly earnings per share (EPS).
Re-issue of repurchased BMW shares to its employees as part of the BMW employee stock program.
Usage of repurchased shares as consideration in-kind in case of company mergers, acquisitions of companies or equity
investments.
Repurchased BMW shares can be resold via the stock exchange or to all shareholders. In both cases an equal treatment of
shareholders is guaranteed.
BMW - Annual General Meeting 2022 - Investor presentation | April 2022
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