DGAP-Adhoc: Drägerwerk AG & Co. KGaA: Share buyback for the employee participation program

Drägerwerk AG & Co. KGaA  / Key word(s): Transaction in Own Shares

10.03.2015 18:01

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Ad hoc report in accordance with Sec. 15 of the German Securities Trading
Act (Wertpapierhandelsgesetz - WpHG)

Drägerwerk AG & Co. KGaA: Share buyback for
the employee participation program

The Executive Board of Drägerwerk Verwaltungs AG, as general partner of
Drägerwerk AG & Co. KGaA ("Dräger"), resolved to acquire up to 237,600 of
its own preferred shares in order to implement the employee participation
program. The actual number of preferred shares that are to be purchased
depends on the level of employee participation.

For every three Dräger preferred shares (investment shares) employees
purchase, they will be given an additional Dräger preferred share as a
bonus share. A total of roughly 6,600 employees are eligible to
participate. The number of investment shares is restricted to 27 preferred
shares per employee. All preferred shares acquired within the scope of the
program are subject to a holding period of two years.

In the last employee participation program in 2013, 18.6 percent of
eligible employees took part, acquiring an average of 17.8 investment
shares. If the level of participation is the same in 2015, Dräger will
acquire roughly 29,135 preferred shares for the employee participation
program on the capital market.

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 intended for 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.
 
In both cases, the buyback complies with the so-called safe-harbor rules
set forth in Secs. 14 (2) and 20a (3) WpHG 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 take place on the stock exchange. The purchase price will
be in accordance 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 performed by the mandated bank within a period of two
weeks from March 12, 2015. Dräger may extend the buyback period if
necessary. The bank alone will 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.draeger.com) in the
Investor Relations section.

[March 10, 2015]

Drägerwerk AG & Co. KGaA 
Moislinger Allee 53-55 
23558 Lübeck, Germany 
www.draeger.com


10.03.2015 The DGAP 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:      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:       Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime
              Standard), Hamburg, Hanover, Munich; Regulated Unofficial
              Market in Stuttgart
 
End of Announcement                             DGAP News-Service
 
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