Shareholders at the Annual General Meeting authorized the bank to purchase own shares of a volume equivalent to up to 10 % of the share capital by April 30, 2018, thereby replacing the authorization from 2012. In total, Deutsche Bank repurchased 34.2 million shares (2012: 17.4 million) worth € 1.12 billion over the course of 2013. All of these shares were used to fulfill obligations from equity-based compensation plans. As of December 31, 2013, the number of shares held in Treasury was below one million. Deutsche Bank did not cancel or resell any shares. The ratio of shares in Treasury did not exceed the reporting threshold of 3 % during the course of the year.
From the start of our first share buyback program in mid-2002 up to December 31, 2013, we repurchased a total of 353 million Deutsche Bank shares worth € 19.8 billion, resold 16.3 million shares on the market worth € 0.5 billion and cancelled 118 million shares with a value of approximately € 7.2 billion.