March 24, 2020 / 4:29 PM / in 5 days

BRIEF-Sparta AG Expects Positive Effect On Equity

March 24 (Reuters) - Sparta AG:

* DRÄGERWERK AG & CO. KGAA ANNOUNCED TODAY THAT IT WILL TERMINATE ALL 566,819 SERIES D PARTICIPATION CERTIFICATES AT THE END OF THE 2022 CALENDAR YEAR.

* PROFIT PARTICIPATION CERTIFICATE CONCERNED IS CURRENTLY THE SECOND LARGEST ASSET ITEM AT SPARTA AG

* REPURCHASE IS LIKELY TO RESULT IN A SIGNIFICANT INCREASE IN SPARTA AG’S EQUITY OR NAVN IN THREE YEARS AT THE LATEST IN COMPARISON TO THE KEY FIGURES PUBLISHED ON MARCH 18, 2020

* POSITIVE EFFECT ON EQUITY OR NAV (BEFORE TAXES) IS EXPECTED TO BE APPROX. 12 MILLION EUROS. Source text for Eikon: Further company coverage: (Gdansk Newsroom)

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