DGAP-Adhoc: Drägerwerk AG & Co. KGaA: Dräger invites holders of the series D participation certificates (Genussscheine) to tender their participation certificates for purchase by Dräger

DGAP-Ad-hoc: Drägerwerk AG & Co. KGaA / Key word(s): Corporate Action
Drägerwerk AG & Co. KGaA: Dräger invites holders of the series D participation certificates (Genussscheine) to tender
their participation certificates for purchase by Dräger
01-March-2021 / 10:00 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, CANADA,
AUSTRALIA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL.
Ad-hoc notification in accordance to Article 17 MAR

Drägerwerk AG & Co. KGaA: Dräger invites holders of the series D participation certificates (Genussscheine) to tender
their participation certificates for purchase by Dräger

Drägerwerk AG & Co. KGaA invites the holders of the series D participation certificates (ISIN DE0005550719, WKN 555071)
to tender their participation certificates for purchase by Dräger at a price of 542.00 euros each.
All 566,819 series D participation certificates were terminated on March 24, 2020 in accordance with section 6 (3) of
the terms and conditions of the participation certificates, subject to a notice period of 24 months to the end of the
calendar year 2022. The participation certificates are due for redemption on January 2, 2023 at a price of 546.20 euros
each. Holders of the participation certificates have the opportunity to offer their participation certificates to
Dräger for repurchase ahead of schedule at a price of 542.00 euros. The offer price is therefore around 9 euros higher
than the closing price of the series D participation certificates on the Frankfurt Stock Exchange on the last trading
day before the offer was published.
The offer period starts on March 1, 2021 (inclusive) and ends on March 19, 2021 at 17:00 (CET). Holders of the
participation certificates will receive a notification from their depository bank in the coming days regarding the
individual procedure for submitting an offer to sell. The results of this offer will be published shortly after the end
of the offer period. Dräger plans to spend an amount of up to 100 million euros to repurchase the participation
certificates, although this amount is at Dräger's discretion and can be increased. Dräger will finance this amount
using existing liquidity.
With the buyback the Management Board of Drägerwerk Verwaltungs AG as the general partner intends to simplify and
improve the capital structure of Drägerwerk AG & Co. KGaA already in this financial year, as the participation
certificates have largely lost their function as an equity instrument and stand in the way of an optimal equity
financing of Drägerwerk AG & Co. KGaA through shares.
The offer is not made to any U.S. Person (as defined in Regulation S under the United States Securities Act of 1933, as
amended) or person located or resident in the U.S.A. The solicitation will be operated pursuant to the terms and
conditions set out in the Tender Offer Memorandum dated March 1, 2021 and is subject to further restrictions and
conditions as contained therein.
Drägerwerk AG & Co. KGaA
Moislinger Allee 53-55
23558 Lübeck, Deutschland
www.draeger.com
Investor Relations:
Thomas Fischler
Tel. +49 451 882-2685
thomas.fischler@draeger.com
Corporate Communications:
Melanie Kamann
Tel. +49 451 882-3998
melanie.kamann@draeger.com
01-March-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and
Press Releases.
Archive at 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: Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime Standard), Hamburg, Hanover, Munich; Regulated
Unofficial Market in Stuttgart, Tradegate Exchange
EQS News ID: 1171848

End of Announcement DGAP News Service

1171848 01-March-2021 CET/CEST

END) Dow Jones Newswires

March 01, 2021 04:03 ET ( 09:03 GMT)