DGAP-Adhoc: PULSION Medical Systems AG resolves public share buy-back offer

 | Source: EQS Group AG EQS Group AG 

PULSION Medical Systems AG  / Key word(s): Share Buyback

22.03.2011 13:41

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.

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Munich, 22 March 2011 - On the basis of the resolution taken by
shareholders at the Annual General Meeting of Pulsion Medical Systems AG on
18 May 2010 and with the approval of the Company's Supervisory Board, on 21
March 2011 the Management Board of Pulsion Medical Systems AG, Munich, ISIN
DE0005487904 // WKN 548790, resolved to acquire up to 250,000 treasury
shares of Pulsion Medical Systems AG (corresponding to approximately 2.61%
of the Company's share capital) in conjunction with a voluntary public
share buy-back offer. In the event of over-subscription, the Company
reserves the right to buy back a higher number of shares.

The offer period begins on Friday, 25 March 2011 and ends at 24:00 hours
(CET) on Thursday, 14 April 2011. During this period, Pulsion shareholders
may offer their shares in Pulsion Medical Systems AG to the Company at a
price (excluding transaction costs) of EUR 5.00 per bearer share.

This offer price represents a premium of approximately 5.33% over the
reference price of EUR 4.747, determined as the arithmetical average of the
XETRA closing rate on the four trading days (16-21 March 2011) immediately
prior to the offer announcement and a premium of 2,27% over the closing
price of EUR 4.889 on 21 March 2011.

The public offer to buy back shares is intended to give shareholders an
opportunity to sell shares at a time when the low level of liquidity of the
PULSION share in regular stock exchange trading may make a sale difficult.
The Company currently holds 588,839 shares (buy-back programme of December
2010) and 32,098 shares (open market programme) for a total volume of
620,937 treasury shares, equivalent to approx. 6.48% of the share capital.
If the share buy-back offer is completed in full, Pulsion Medical Systems
AG will hold 250,000 treasury shares (subject to an increase in the number
of acquired shares). This would be equivalent to approx. 9.09% of the
Company's share capital.

The share buy-back is being carried out with the intention of withdrawing
the acquired shares from circulation, either in full or in part, or
re-issuing them to service share options awarded or not yet awarded on the
basis of shareholder authorizations at the Annual General Meetings on 27
June 2002 and 22 June 2006.

The Company will publish details of the offer at short notice, in all
likelihood on 24 March 2011, in the Electronic Federal Gazette and on its
website at http://www.pulsion.com.

Baader Bank AG has been instructed to execute the buy-back offer.



Contact:

Investor Relations
PULSION Medical Systems AG 
Ralph Schäfer
Director Legal Affairs 
Tel.: +49 (0)89 / 459914 211 
Fax: +49 (0)89 / 459914 481 
E-mail: schaefer@pulsion.com





22.03.2011 DGAP's Distribution Services include Regulatory Announcements, 
Financial/Corporate News and Press Releases. 
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language:     English
Company:      PULSION Medical Systems AG
              Joseph-Wild-Strasse 20
              81829 München
              Deutschland
Phone:        +49 (0)89 4599 14-0
Fax:          +49 (0)89 4599 14-18
E-mail:       info@pulsion.com
Internet:     www.pulsion.com
ISIN:         DE0005487904
WKN:          548790
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Düsseldorf, Hamburg, München, Stuttgart
 
End of Announcement                             DGAP News-Service
 
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