The share buyback will be carried out under the authorization granted at the Annual Shareholders' Meeting on January 25, 2011. The share buyback serves exclusively for the purpose of retiring shares and reducing capital, for issuing shares to employees, board members of affiliated companies and members of the Managing Board, and for meeting obligations under convertible and/or warrant bonds.
In the framework of 'One Siemens', the company has set the goal of reaching a ratio of adjusted industrial net debt to EBITDA of 0.5 to 1. At the close of fiscal 2013, the ratio was roughly at 0.3.
Additional information is available at: www.siemens.com/pressconference