Dräger buys back 41.1 percent of participation certificates

Thursday, 22. March 2012 08:20
Drägerwerk AG & Co. KGaA /
Dräger buys back 41.1 percent of participation certificates
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The issuer is solely responsible for the content of this announcement.

Lübeck - Drägerwerk AG & Co. KGaA has bought back 41.1 percent of its issued
participation certificates and now intends to redeem the purchased participation
certificates. The participation certificates bought back have a total purchase
price of EUR 122.1 million. This transaction decreases the equity ratio by about
three percentage points; earnings per share on imputed actual full distribution
will improve by 19 percent (based on the consolidated group financial statement
2011).

Improved capital structure
"Thanks to the successful buy-back, we have come a great deal closer to our goal
of improving our capital structure. As such, we would like to thank all
participation certificate holders that have accepted our offer," says Stefan
Dräger, Chairman of the Executive Board of Drägerwerk Verwaltungs AG.

Premium for participation certificate holders was 26 percent
On February 15, 2012, Dräger requested that holders of participation certificate
series A, K and D (series A: ISIN DE0005550651, WKN 555065; series K: ISIN
DE0005550677, WKN 555067; series D: ISIN DE0005550719, WKN 555071) offer Dräger
their participation certificates at a price of EUR 210 per share. The buy-back
price named by Dräger corresponded to a premium of 26 percent on the average
participation certificate price in the three months prior to the offer on
February 15, 2012.



Disclaimer
This press release 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 it to date and have been prepared to the best of its knowledge and
belief. No guarantee or liability for the occurrence of the future developments
and results specified can be assumed in respect of such forward-looking
statements. Rather, the future developments and results are dependent on a
number of factors. They entail risks and uncertainties beyond the Company's
control and are based on assumptions which could prove to be incorrect.
Notwithstanding any legal requirements to adjust forecasts, Dräger does not
assume any obligation to update the forward-looking statements contained in this
report. Please go to Investor Relations / Financial Calendar at www.draeger.com
for information on all important financial dates.



Contact

Corporate Communications:
Melanie Kamann
Tel. +49 451 882-3998
melanie.kamann@draeger.com

Investor Relations:
Vanina Hoffmann
Tel. +49 451 882-2685
vanina.hoffmann@draeger.com



Drägerwerk AG & Co. KgaA
Moislinger Allee 53-55
23542 Lübeck, Germany
www.draeger.com


--- End of Message ---

Drägerwerk AG & Co. KGaA
Moislinger Allee 53-55 Lübeck Germany


Listed: Freiverkehr in Börse Stuttgart,
Prime Standard in Frankfurter Wertpapierbörse,
Regulierter Markt in Frankfurter Wertpapierbörse,
Regulierter Markt in Bayerische Börse München,
Regulierter Markt in Börse Berlin,
Regulierter Markt in Hanseatische Wertpapierbörse zu Hamburg,
Regulierter Markt in Börse Düsseldorf,
Regulierter Markt in Niedersächsische Börse zu Hannover;


Press release (PDF):
http://hugin.info/135701/R/1596398/502944.pdf



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Source: Drägerwerk AG & Co. KGaA via Thomson Reuters ONE
[HUG#1596398]
Related Links: Drägerwerk AG & Co. KGaA
Author:
Hugin
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