March 24, 2020 / 2:28 PM / 16 days ago

BRIEF-Draegerwerk Terminates Series D Participation Certificates

March 24 (Reuters) - Draegerwerk AG & Co KGaA:

* DRÄGERWERK AG & CO. KGAA: DRÄGER TERMINATES SERIES D PARTICIPATION CERTIFICATES

* TERMINATION WILL BE PUBLISHED IN NEXT FEW DAYS

* TO TERMINATE ALL 566,819 SERIES D PARTICIPATION CERTIFICATES

* BUYBACK VALUE AMOUNTS TO APPROXIMATELY EUR 310 MILLION

* PAYMENT OF BUYBACK VALUE TO HOLDERS OF PARTICIPATION CERTIFICATES WILL BE MADE IN JANUARY 2023 IN ACCORDANCE WITH SECTION 6 (7) OF TERMS AND CONDITIONS

* PLANNING PAYMENT FROM EXISTING LIQUIDITY. IT HAS SUFFICIENT CREDIT LINES IF REQUIRED Source text for Eikon: Further company coverage: (Gdansk Newsroom)

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