Drägerwerk AG & Co. KGaA: Dräger redeems last participation certificates – streamlining of capital structure completed
EQS-News: Drägerwerk AG & Co. KGaA / Key word(s): Corporate Action
Dräger redeems last participation certificates – streamlining of capital structure completed
Lübeck—Yesterday, Drägerwerk AG & Co. KGaA redeemed all 382,289 remaining series D profit participation certificates as planned in return for a payment of EUR 546.20 per participation certificate. This completes the redemption of all outstanding participation certificates. The series D participation certificates that have now been redeemed remain entitled to the dividend for the last time for the 2022 financial year. The dividend will be paid out after the annual general meeting, which will be held on May 6, 2023.
Stefan Dräger, Chairman of the Executive Board of Drägerwerk Verwaltungs AG: “With the redemption of the last participation certificates, an era that began with the issue of the first Dräger participation certificates 40 years ago has come to an end. The redemption streamlines our capital structure and thus strengthens our position on the capital market. In the future, the profit will exclusively benefit the shareholders.”
Since 1983, Dräger participation certificates have been issued in three series. In 2020, Dräger had terminated all outstanding participation certificates, divided into series A, K and D. The participation certificates of series A and K were already redeemed at the beginning of 2021 in accordance with the terms and conditions of the participation certificates. Now, Dräger has repaid and redeemed all remaining participation certificates of series D.
03.01.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
Drägerwerk AG & Co. KGaA
Moislinger Allee 53-55
+49 (0)451 882-0
+49 (0)451 882-2080
DE0005550602, DE 000 555 063 6, DE 000 555 071 9
555060, 555063 Vorzüge, 555071 Genussschein D
Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Stuttgart, Tradegate Exchange
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