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
---------------------------------------------------------------------------
13/01/2021 19:22
14/07/2014 20:19
03/05/2013 20:52
11/02/2013 20:39
22/01/2013 19:36
22/03/2012 07:50
15/02/2012 07:31
19/07/2011 09:53
14/01/2011 16:39
13/10/2010 09:45