DGAP-CMS: Drägerwerk AG & Co. KGaA: Release of a capital market information

        Print
| Source: EQS Group AG
Drägerwerk AG & Co. KGaA  / Notification pursuant to Sec. 4 (2) of Commission
Regulation (EC) No 2273/2003 

06.05.2013 16:06

Dissemination of a Post-admission Duties announcement, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------


Notification pursuant to Sec. 4 (2) of Commission Regulation (EC) No
2273/2003

The share buyback announced by Drägerwerk AG & Co. KGaA ('Dräger') in its
ad hoc report dated May 3, 2013 will begin on May 6, 2013. Dräger intends
to buy back a total of 6,847 own preferred shares in the period ending June
3, 2013.

The share buyback serves to implement the employee participation 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 capital stock held in the
form of own shares.

A bank will be tasked with the buyback. The bank will make its decisions
concerning the time of purchase of the preferred shares independently of
Dräger and free of its influence. The right of Dräger to terminate its
contract with the bank early and assign the task to a different bank
remains unaffected.

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 '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 made 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 share buyback may be suspended and resumed at any time in accordance
with the relevant legal guidelines.

The transactions will be announced by the end of the seventh trading day
after their conclusion at the latest in a method in accordance with the
requirements set forth in Sec. 4 (4) of the safe-harbor rules.

Dräger will report on the course of the buyback program in accordance with
the legal provisions on the Company's website (www.draeger.de) in the
Investor Relations section.

Lübeck, Germany, May 6, 2013

Executive Board
Drägerwerk Verwaltungs AG, acting as the general partner of
Drägerwerk AG & Co. KGaA

Moislinger Allee 53-55
23558 Lübeck, Germany
www.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.



06.05.2013 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
Internet:     www.draeger.com
 
End of Announcement                             DGAP News-Service
 
---------------------------------------------------------------------------