on Drägerwerk AG & Co. KGaA (ETR:DRW8)
Drägerwerk AG Initiates New Employee Share Buyback Program
Drägerwerk AG & Co. KGaA announced a new employee participation program, following a resolution from its Executive Board. Starting July 1, 2026, Dräger will repurchase its preferred shares from the stock exchange, continuing through to November 18, 2026. These shares will remain with the participating employees during a two-year lock-up period.
The planned buyback could reach up to 676,000 shares, adhering fully to the regulatory guidelines of the German Stock Corporation Act and EU regulations. A bank, operating independently from Dräger, will handle the share purchases. Dräger retains the right to replace the bank if necessary.
Transactions will align with the safe-harbor provisions of EU regulations, with share prices staying within specified limits relative to the Frankfurt Stock Exchange's opening prices. The company will communicate transaction details promptly on their website.
R. P.
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