A share buy-back with a volume of 750 million euros was executed in the period from March 9, 2020 until April 28, 2020.
4,879,731 shares have been cancelled, effective on November 16, 2020. The number of issued shares was thereby reduced from 417,172,859 to 412,293,128 shares.
Note: This program initially had an intended volume of up to 1.5 billion euros and was scheduled to be finalized by December 31, 2020 at the latest. Taking into account the uncertainties caused by the corona pandemic, the Board of Management of Allianz SE decided in April 2020 to suspend the originally planned second tranche of the share buy-back program V (2020) with a volume of 750 million euros. The resumption of the program was to be considered when the financial and economic impact of the corona pandemic start to become clearer.
Due to the ongoing economic uncertainties related to the corona pandemic, the Board of Management of Allianz SE has decided and announced within the context of the release of the results for the third quarter of 2020 on November 6 to no longer execute the outstanding part of the share buy-back program V (2020) amounting to 750 million euros.