Drägerwerk AG & Co. KGaA Announces Upcoming Share Buyback Program

On September 2, 2024, Drägerwerk AG & Co. KGaA's Executive Board approved an employee participation program. As part of this initiative, Dräger will repurchase its preferred shares on the stock exchange between October 7 and November 18, 2024. These shares will be held in employee accounts for a two-year lock-up period.

In the previous year's program, Dräger repurchased 80,460 of a targeted 692,872 shares. This year, the company may buy back up to 676,000 shares, contingent on full participation from eligible employees. However, the Executive Board will not partake due to new regulations requiring them to convert 40% of their variable remuneration into virtual shares locked for five years.

The buyback will adhere to the rules of the German Stock Corporation Act and safe-harbor guidelines under EU regulations. A bank, acting independently of Dräger, will handle the buyback. Transactions will be disclosed within seven trading days as mandated.