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DRAGERWERK AG & CO. KGAA (FRA:DRW8) Drägerwerk AG & Co. KGaA: Share buyback for employee stock ownership program

Directive transparence : information réglementée

03/05/2013 20:52
Drägerwerk AG & Co. KGaA / Key word(s): Transaction in Own Shares 03.05.2013 20:52 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Ad hoc report in accordance with Sec. 15 (1) WpHG (Wertpapierhandelsgesetz ? German Securities Trading Act) Drägerwerk AG & Co. KGaA: Share buyback for employee stock ownership program The Executive Board of Drägerwerk Verwaltungs AG, as general partner of Drägerwerk AG & Co. KGaA ('Dräger'), today resolved to acquire up to 6,847 of its own preferred shares to implement the employee stock ownership program resolved on February 11, 2013. The share buyback principally complies with rules and regulations set forth in Sec. 71 (1) Sentence 1 No. 2 AktG (Aktiengesetz ? German Stock Corporation Act). The buyback of preferred shares held by persons not employed by the Company or any associated company, neither at the present time nor in the past, will take place in accordance with the authorization issued by the Company's annual shareholders' meeting dated May 4, 2012, which permits the buyback of up to 10 percent of its capital stock in the form of own shares. In both cases, the buyback complies with the so-called safe-harbor rules set forth in Secs. 14 (2) and 20a (3) WpHG (Wertpapierhandelsgesetz ? German Securities Trading Act) in conjunction with the Commission Regulation (EC) No 2273/2003 implementing Directive 2003/6/EC of the European Parliament and of the Council as regards exemptions for buy-back programs and stabilization of financial instruments. The buyback will be carried out on the stock exchange. The purchase price will comply with the requirements set forth in the safe-harbor rules. In addition, the purchase price per preferred share (excluding acquisition charges) of those preferred shares to be acquired on the basis of the authorization issued by the annual shareholders' meeting may not exceed or fall below the price of the preferred shares in the opening auction in XETRA trading on the Frankfurt Stock Exchange on the trading day in question by more than 10 percent. The buyback will be managed by the mandated bank and take place within one month of the annual shareholders' meeting to be held on May 3, 2013. Dräger may extend the buyback period if necessary. The bank has sole power to decide on the specific time of purchase of the preferred shares. Dräger will report on the course of the buyback program in accordance with the legal provisions on the Company's website (www.drager.com) in the Investor Relations section. Drägerwerk AG & Co. KGaA Moislinger Allee 53-55 23558 Lübeck, Germany www.draeger.com Investor Relations: Thomas Fischler Phone: +49 451 882-2685 thomas.fischler@draeger.com Corporate Communications: Melanie Kamann Phone: +49 451 882-3998 melanie.kamann@draeger.com Disclaimer This ad hoc report contains statements on the future development of Dräger Group. These forward-looking statements are based on the current expectations, presumptions, and forecasts of the Executive Board as well as the information available to date. They were compiled to the best of the company's knowledge. Dräger does not provide any warranty nor assume any responsibility for the future developments and results described above. These are dependent on a number of factors. They entail various risks and contingencies outside of the company's influence and are based on assumptions which could prove to be incorrect. Dräger does not assume any responsibility for updating the forward-looking statements contained in this report. This does not infringe any legal stipulations on the adjustment of forecasts. Please go to Investoren / Finanzkalender at www.draeger.com for information on all important financial dates. 03.05.2013 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Drägerwerk AG & Co. KGaA Moislinger Allee 53-55 23542 Lübeck Germany Phone: +49 (0)451 882-0 Fax: +49 (0)451 882-2080 E-mail: info@draeger.com Internet: www.draeger.com ISIN: DE0005550602, DE 000 555 063 6, DE 000 555 065 1, DE 000 555 067 7, DE 000 555 071 9 WKN: 555060, 555063 Vorzüge, 555065 Genussschein A, 555067 Genussschein K, 555071 Genussschein D Indices: TecDAX Listed: Regulierter Markt in Berlin, Düsseldorf, Frankfurt (Prime Standard), Hamburg, Hannover, München; Freiverkehr in Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------