DGAP-Ad-hoc: EDAG Engineering Group AG: * ATON informs EDAG Engineering Group AG of intended share purchases * Partial repayment of shareholder loan agreed

EDAG Engineering Group AG / Key word(s): Financing
23.08.2016 18:39

Disclosure of an inside information according to Article 17 MAR, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Public disclosure of inside information pursuant to Article 17 MAR, distributed by DGAP - a service of EQS Group AG. The issuer is responsible for the contents of this announcement.

- ATON informs EDAG Engineering Group AG of intended share purchases
  - Partial repayment of shareholder loan agreed

Arbon, 23 August 2016. On 23 August 2016, EDAG Engineering Group AG (EDAG or the Company), ISIN CH0303692047, was informed by its shareholder, ATON that it intends to purchase additional shares of the Company.
ATON has informed the Company that it intends to make on-exchange shares purchases during the period until 29 May 2017. Up to 1,000,000 shares of the Company (representing approx. 4% of the share capital of EDAG Engineering Group AG) shall be bought during this period. The closing price of the EDAG share in Xetra trading on the Frankfurt Stock Exchange was EUR 14.00 on 23 August 2016.

The purchase of the Company's shares is to be carried out in analogous application of the provisions of Article 5 of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 and in accordance with the Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016 regarding share buybacks of issuers (excluding the provisions regarding the disclosure of executed transactions) and in accordance with all other applicable law.

The share purchase is intended to be implemented in a manner limiting the impact on the share price via those trading venues on which the EDAG shares are admitted to trading or on which they are traded. The purchase price per share to be paid by ATON (excluding incidental acquisition cost) is not, according to ATON, to exceed or fall short of the stock market price by more than 5%. The relevant stock market price for such purpose is the average of the closing prices in Xetra trading on the Frankfurt Stock Exchange on the five trading days immediately preceding the respective acquisition. Moreover, the shares shall not be acquired at a price in excess of that determined pursuant to Article 3 (2) of the Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016. Share purchase orders will only be placed during continuous trading and not during auction phases, and orders placed before the start of an auction phase shall not be modified during that phase.

The volume of the shares to be acquired on any given day is not to exceed 25% of the respective average daily trading volume in Xetra trading at the Frankfurt Stock Exchange. The average daily trading volume of the respective trading segment shall be based on the average daily trading volume during the 20 trading days preceding the respective date of purchase.

ATON intends to commission a bank to carry out the share purchases. Such bank will make its decisions in relation to the timing of the purchases of the shares independently of, and without influence from, ATON. ATON stated that it preserves the right to terminate the bank's appointment and to commission another bank. Subject to applicable law, the share purchases may be suspended and resumed at any time. There will be no disclosure of individual transactions executed. ATON's disclosure obligations pursuant to the German Securities Trading Act remain unaffected.
Furthermore, the Company announces that it has agreed with ATON Group Finance GmbH as lender on a partial early repayment of the shareholder loan granted by ATON Group Finance GmbH. The shareholder loan granted in 2013 matures on 6 November 2018 and has an interest rate of 5% per annum. The currently outstanding loan amount is approximately EUR 133 million. Pursuant to the agreement now reached, the Company will make an extraordinary repayment instalment in the amount of EUR 20 million on 31 August 2016. This measure is intended to optimize the financing structure of the EDAG Group.

23.08.2016 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language:     English
Company:      EDAG Engineering Group AG
              Schlossgasse 2
              9320 Arbon
Phone:        +41 71 54433-0
E-mail:       ir@edag-group.ag
Internet:     www.edag.com
ISIN:         CH0303692047
WKN:          A143NB  
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart  
End of Announcement DGAP News-Service