Siemens Aktiengesellschaft Provides Third Interim Update on Share Buyback Program, Purchasing 305,750 Shares in Week Ending 19 July 2026

Siemens Share Buyback Program: Execution Details and Regulatory Compliance

Siemens Aktiengesellschaft announced its share buyback program in accordance with Article 5, paragraph 1, letter (b), paragraph 3 of EU Regulation No. 596/2014 (Market Abuse Regulation) and Article 2, paragraph 1 of the delegated regulation governing share repurchase programs. The buyback commenced on 1 July 2026, with the initial disclosure issued the same day. This third interim report fulfills regulatory requirements, underscoring Siemens' dedication to transparent capital market communication and compliance with European securities legislation.

The repurchases are executed by a bank commissioned by Siemens Aktiengesellschaft, with all transactions conducted solely on Xetra, the Frankfurt Stock Exchange’s electronic trading platform—Germany’s leading stock exchange and one of Europe’s largest equity markets. This approach ensures fair market pricing and regulatory oversight. Siemens publishes detailed transaction records on its dedicated webpage at www.siemens.com/sharebuyback2026-31, providing investors and market participants with comprehensive information on purchase dates, volumes, and prices.

Weekly Share Buyback Volumes and Weighted Average Prices from 13 to 19 July 2026

In the week spanning 13 to 19 July 2026, Siemens repurchased shares across five consecutive trading days, reflecting steady execution of its buyback strategy. On 13 July, 58,150 shares were acquired at a weighted average price of 270.98965 euros per share. The following day, 14 July, saw 58,100 shares bought at a slightly higher weighted average price of 271.44888 euros. The largest single-day purchase occurred on 15 July, with 70,900 shares acquired at a weighted average price of 271.22204 euros.

Market conditions shifted later in the week. On 16 July, Siemens purchased 58,700 shares at a weighted average price of 268.59484 euros, reflecting a modest price decline. On 17 July, 59,900 shares were acquired at the week’s lowest weighted average price of 263.22102 euros. The price variations across the week mirror normal market fluctuations and the execution strategy employed by the commissioned bank, which spreads purchases to minimize market impact.

Total Repurchase Activity: 815,350 Shares Acquired Since 1 July 2026

Since the program’s launch on 1 July 2026, Siemens Aktiengesellschaft has repurchased a cumulative 815,350 shares during the first nineteen days of July. This total includes all shares bought through the end of the third reporting week. The buyback program has progressed steadily, averaging approximately 272,450 shares acquired weekly. Siemens’ strategy of distributing purchases over multiple trading days aligns with market best practices for large-scale repurchase programs, aiming to minimize price disruption and regulatory scrutiny.

The substantial cumulative repurchase volume highlights Siemens’ commitment to returning capital to shareholders while maintaining operational flexibility. As a global leader in diversified technology and industrial manufacturing, Siemens operates across various business segments and geographic regions, generating significant cash flows that support capital allocation initiatives such as share buybacks. The steady repurchase pace indicates the company is balancing shareholder returns with prudent capital management and ongoing investments in research, development, and operations.

Siemens Aktiengesellschaft: A Global Leader in Industrial Technology and Digitalization

Headquartered in Munich, Germany, Siemens Aktiengesellschaft is a global powerhouse in electrical engineering, electronics, and industrial automation. The company serves customers worldwide across manufacturing, energy, healthcare, transportation, and smart infrastructure sectors. Siemens operates extensively across Europe, North America, Asia-Pacific, and emerging markets, employing hundreds of thousands globally and generating significant annual revenues from industrial products, automation systems, digital solutions, and integrated technology services.

Siemens’ business model integrates manufacturing of physical industrial equipment with growing software, digitalization, and services revenues. Positioned as a leader in Industry 4.0, the Internet of Things, and industrial digital transformation, Siemens benefits from long-term structural trends driving demand across developed and developing markets. This diversified revenue base and global footprint underpin the company’s capital allocation strategies, including shareholder dividends and share repurchase programs.

Regulatory Transparency and Compliance in Capital Market Reporting

Siemens Aktiengesellschaft’s third interim buyback report complies with stringent regulatory requirements set by the European Securities and Markets Authority (ESMA) and German financial regulators. The announcement cites adherence to Article 5, paragraph 1, letter (b), paragraph 3 of EU Regulation No. 596/2014, mandating interim reporting for share repurchase programs. Published on 20 July 2026 at 10:43 CET/CEST via EQS News, an approved regulatory news service, the disclosure ensures timely and accurate market communication.

The report’s structured format, including daily purchase volumes and weighted average prices, allows institutional investors, retail shareholders, analysts, and regulators to verify program execution. Siemens’ publication of detailed transaction records on its dedicated website provides comprehensive audit trails for price discovery and execution quality assessment. This transparency aligns with regulatory demands and corporate governance best practices, reinforcing investor confidence in Siemens’ capital market activities. Regular interim reports highlight Siemens’ commitment to keeping markets informed of material capital allocation developments.

Market Execution via Xetra and Bank Commissioning

Siemens’ exclusive use of Xetra, the Frankfurt Stock Exchange’s electronic trading platform, for share repurchases reflects regulatory compliance and market best practice. Xetra, operated by Deutsche Börse AG, is Germany’s primary stock exchange and one of Europe’s largest, offering transparent price discovery, high liquidity, and robust regulatory oversight. The electronic platform ensures accurate transaction recording, audit trail creation, and real-time trade data dissemination.

Siemens appointed an external bank to execute share purchases on its behalf, a common practice for large multinational corporations conducting significant buyback programs. This arrangement safeguards company management from conflicts of interest or regulatory concerns related to insider trading or market manipulation. The commissioned bank operates independently, executing trades within predetermined parameters and market conditions while adhering to market conduct rules. This delegation underscores Siemens’ dedication to regulatory compliance and operational excellence in managing shareholder capital transactions.

Frankfurt Stock Exchange and German Securities Regulation Context

Siemens Aktiengesellschaft operates under German securities laws, including the Securities Trading Act (Wertpapierhandelsgesetz, WpHG) and Capital Markets Act (Kapitalmarktgesetz, KapMG), alongside applicable European regulations. Its shares trade on the Frankfurt Stock Exchange (Frankfurter Wertpapierbörse), one of the world’s largest stock markets by capitalization and volume. As a listed issuer, Siemens is subject to post-admission disclosure obligations, supervision by the German Federal Financial Supervisory Authority (BaFin), and oversight from the European Securities and Markets Authority.

The announcement references Siemens’ Legal Entity Identifier (LEI) code W38RGI023J3WT1HWRP32, a unique identifier assigned for regulatory tracking. The Munich headquarters at Werner-von-Siemens-Strasse 1, 80333 Munich, Germany, reflects the company’s significant Bavarian presence and industrial heritage. The disclosure’s structured format and references to EU Regulation No. 596/2014 demonstrate Siemens’ integration into the harmonized European capital markets regulatory framework applicable across EU member states.

Capital Allocation and Shareholder Return Strategy via Buybacks

Share repurchase programs are a key tool for multinational corporations like Siemens to return capital to shareholders. Unlike dividends, which distribute cash proportionally, buybacks reduce outstanding shares, potentially increasing earnings per share assuming stable or growing profits. This capital allocation reflects management’s evaluation of investment opportunities, company valuation, and the balance between reinvestment and shareholder returns. The July 2026 buyback launch indicates Siemens’ management views current share prices as attractive.

The ongoing buyback, with purchases spread over several weeks and regular interim reports, reflects a measured approach rather than aggressive buying. This strategy minimizes adverse share price impacts from large concentrated purchases while signaling management’s confidence in shareholder value creation. The program complements Siemens’ broader capital management, balancing buybacks with dividends, debt reduction, R&D investment, and strategic acquisitions. For investors, systematic repurchases demonstrate management’s confidence in long-term business prospects and disciplined capital allocation.

Investor Insights and Market Monitoring

The third interim buyback report offers investors transparent, timely insight into Siemens’ capital allocation and execution quality. Weighted average prices during 13–19 July 2026 (263.22 to 271.45 euros per share) provide market participants with context on trading valuations during early to mid-July. Investors can assess whether repurchases occur at attractive prices and gauge management’s confidence in long-term value. Consistent daily purchase volumes (58,100 to 70,900 shares) indicate disciplined, non-aggressive execution.

For current and potential shareholders, the buyback program forms part of Siemens’ overall shareholder return strategy. The eventual impact on earnings per share depends on net income, total shares repurchased, and broader market conditions. Investors should monitor future interim reports for cumulative repurchase volumes, pricing trends, and any program adjustments. Cross-referencing buyback activity with dividend, debt, and capital expenditure announcements can provide a holistic view of Siemens’ capital allocation approach.