Deutsche Bank AG
ISIN: DE0005140008
WKN: 514000
23 November 2023 10:43AM

EQS-News: Deutsche Bank AG Announces Tender Offer Results for Trust Preferred Securities issued by Deutsche Postbank Funding Trust I and issued by Deutsche Postbank Funding Trust III

Deutsche Bank AG · ISIN: DE0005140008 · EQS - Company News
Country: Germany · Primary market: Germany · EQS NID: 1780431

EQS-News: Deutsche Bank AG / Key word(s): Bond/Tender Offer
Deutsche Bank AG Announces Tender Offer Results for Trust Preferred Securities issued by Deutsche Postbank Funding Trust I and issued by Deutsche Postbank Funding Trust III

23.11.2023 / 10:43 CET/CEST
The issuer is solely responsible for the content of this announcement.


NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES, ITS TERRITORIES AND POSSESSIONS (INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA ISLANDS), ANY STATE OF THE UNITED STATES OR THE DISTRICT OF COLUMBIA (the United States) OR IN OR INTO ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT

THIS ANNOUNCEMENT RELATES TO THE DISCLOSURE OF INFORMATION THAT QUALIFIED OR MAY HAVE QUALIFIED AS INSIDE INFORMATION WITHIN THE MEANING OF ARTICLE 7(1) OF THE MARKET ABUSE REGULATION (EU) 596/2014

23 November 2023. Deutsche Bank Aktiengesellschaft (in its capacity as the entity making the Offers, the Offeror) announces today the results of its invitations to holders of the outstanding series of Trust Preferred Securities described below (each a Series and together the Trust Preferred Securities) to tender any and all of their Trust Preferred Securities for purchase by the Offeror for cash (each such invitation an Offer and together the Offers). The Offers were made on the terms and subject to the conditions contained in the Tender Offer Memorandum dated 9 November 2023 (the Tender Offer Memorandum) prepared by the Offeror.  Capitalised terms used in this announcement but not defined have the meanings given to them in the Tender Offer Memorandum.

Details of the Trust Preferred Securities and Results

As at the Expiration Deadline, the Offeror had received valid tenders of (i) €148,002,000 in aggregate Liquidation Preference Amount of the DPFT I Trust Preferred Securities; and (ii) €144,077,000 in aggregate Liquidation Preference Amount of the DPFT III Trust Preferred Securities. The Offeror announces that it has decided to accept for purchase all Trust Preferred Securities validly tendered pursuant to the Offers.

The Offeror will pay a Purchase Price for those Trust Preferred Securities accepted for purchase pursuant to the relevant Offer equal to: (i) in the case of the DPFT I Trust Preferred Securities, 77.00 per cent. of the Liquidation Preference Amount of the relevant DPFT I Trust Preferred Securities; and (ii) in the case of the DPFT III Trust Preferred Securities, 77.00 per cent. of the Liquidation Preference Amount of the relevant DPFT III Trust Preferred Securities.

The Offeror will also pay an Accrued Capital Payment Amount in respect of any Trust Preferred Securities accepted for purchase pursuant to the Offers.

A summary of the final results for the Offers appears below.
 
Description of the Trust Preferred Securities ISIN /
Common Code / Fonds Code / WKN
Purchase Price* Amount accepted pursuant to the relevant Offer
€300,000,000 Noncumulative Trust Preferred Securities issued by Deutsche Postbank Funding Trust I (the DPFT I Trust Preferred Securities) DE000A0DEN75 / 020467568 / 11648 / A0DEN7 77.00 per cent. €148,002,000
€300,000,000 Noncumulative Trust Preferred Securities issued by Deutsche Postbank Funding Trust III (the DPFT III Trust Preferred Securities) DE000A0D24Z1 / 021988391 / 11709 / A0D24Z 77.00 per cent. €144,077,000
*            As a percentage of the Liquidation Preference Amount of the relevant Trust Preferred Securities.













General
The expected Settlement Date for the Offers is 29 November 2023.

Deutsche Bank Aktiengesellschaft is acting as Dealer Manager (Telephone: +44 20 7545 8011; Attention: Liability Management Group) and Kroll Issuer Services Limited is acting as Tender Agent (Telephone: +44 20 7704 0880; Attention: Arlind Bytyqi / Jacek Kusion; Email: db@is.kroll.com; Tender Offer Website : https://deals.is.kroll.com/deutschepostbank).

DISCLAIMER This announcement must be read in conjunction with the Tender Offer Memorandum.  No offer or invitation to acquire any securities is being made pursuant to this announcement.  The distribution of this announcement and the Tender Offer Memorandum in certain jurisdictions may be restricted by law.  Persons into whose possession this announcement and/or the Tender Offer Memorandum comes are required by the Offeror, the Dealer Manager and the Tender Agent to inform themselves about, and to observe, any such restrictions.

This announcement is released by Deutsche Bank Aktiengesellschaft and contains information that qualified or may have qualified as inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 (MAR), encompassing information relating to the Offer described above. For the purposes of MAR and Article 2 of Commission Implementing Regulation (EU) 2016/1055, this announcement is made by Christian Streckert, Director at Deutsche Bank Aktiengesellschaft.


23.11.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com


Language: English
Company: Deutsche Bank AG
Taunusanlage 12
60325 Frankfurt a. M.
Germany
Phone: +49 (0)69 910-00
E-mail: db.media@db.com
Internet: www.db.com
ISIN: DE0005140008
WKN: 514000
Indices: DAX, EURO STOXX 50
Listed: Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime Standard), Hamburg, Hanover, Munich, Stuttgart; Regulated Unofficial Market in Tradegate Exchange; NYSE
EQS News ID: 1780431

 
End of News EQS News Service

1780431  23.11.2023 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=1780431&application_name=news&site_id=boersengefluester_html

Boersengefluester.de (BGFL) provides an overview of the key figures on sales, earnings, cash flow and dividends to help you better assess the fundamental development of the respective companies. All information is entered manually in our database - the source is the respective annual reports. All estimates for future figures are provided by BGFL.

The most important financial data at a glance
  2018 2019 2020 2021 2022 2023 2024e
Sales1 25.316,00 23.165,00 24.028,00 25.410,00 27.210,00 28.879,00 0,00
EBITDA1,2 1.330,00 -2.634,00 1.021,00 3.390,00 5.594,00 5.678,00 0,00
EBITDA-Margin3 5,25 -11,37 4,25 13,34 20,56 19,66 0,00
EBIT1,4 1.330,00 -2.634,00 1.021,00 3.390,00 5.594,00 5.678,00 0,00
EBIT-Margin5 5,25 -11,37 4,25 13,34 20,56 19,66 0,00
Net Profit (Loss)1 341,00 -5.265,00 624,00 2.510,00 5.659,00 4.892,00 0,00
Net-Margin6 1,35 -22,73 2,60 9,88 20,80 16,94 0,00
Cashflow1,7 -54.066,00 -40.449,00 30.736,00 -2.952,00 -2.113,00 5.606,00 0,00
Earnings per share8 -0,01 -2,71 0,07 0,93 2,37 2,03 1,53
Dividend per share8 0,11 0,00 0,00 0,20 0,30 0,45 0,70
Quelle: boersengefluester.de and Company information
Explanation

1 in Mio. Euro; 2 EBITDA = Earnings before interest, taxes, depreciation and amortisation; 3 EBITDA in relation to sales; 4 EBIT = Earnings before interest and taxes; 5 EBIT in relation to sales; 6 Net profit (-loss) in relation to sales; 7 Cashflow from operations; 8 in Euro; Source: boersengefluester.de

Auditor: Ernst & Young

All relevant valuation ratios, dates and other investor information on your share at a glance. Good to know: All data comes from boersengefluester.de and is updated daily. This means you are always up to date. You can get brief explanations of the key figures by moving the cursor or mouse over the relevant field.

INVESTOR-INFORMATION
©boersengefluester.de
Deutsche Bank
WKN ISIN Legal Type Marketcap IPO Recommendation Plus Code
514000 DE0005140008 AG 32.413,90 Mio € 10.05.1948 Kaufen 9F2C4M79+GC
* * *
PE 2025e PE 10Y-Ø BGFL-Ratio Shiller-PE PB PCF KUV
10,16 8,26 1,23 16,87 0,51 5,78 1,12
Dividends
Dividend '2022
in €
Dividend '2023
in €
Dividend '2024e
in €
Div.-Yield '2024e
in %
0,30 0,45 0,70 4,31%
Financial calendar
Annual General Meeting Q1-figures Q2-figures Q3-figures Annual press conference
22.05.2025 29.04.2025 24.07.2024 23.10.2024 13.03.2025
Performance
Distance 60-days-line Distance 200-days-line Performance YtD Performance 52 weeks IPO
Last Price (EoD)
-2,04%
16,25 €
ATH 108,14 €
+0,94% +6,87% +31,43% +31,26% +0,00%

Advertising is an important revenue channel for us. But we understand, that sometimes it becomes annoying. If you want to reduce the number of shown ADs just simply login to your useraccount and manage the settings from there. As registered user you get even more benefits.
          Qualitätsjournalismus · Made in Germany © 2024          
The news manufactory

Good luck with all your investments

Founded in 2013 by Gereon Kruse, the financial portal boersengefluester.de is all about German shares - with a clear focus on second-line stocks. In addition to traditional editorial articles, the site stands out in particular thanks to a large number of self-developed analysis tools. All tools are based on a completely self-maintained database for more than 650 shares. As a result, boersengefluester.de produces Germany's largest profit and dividend forecast.

Contact

Idea & concept: 3R Technologies   
boersengefluester.de GmbH Copyright © 2024 by Gereon Kruse #BGFL