08.06.2017 – 14:27

EDAG Engineering Group AG

DGAP-Adhoc: EDAG Engineering Group AG: ATON informs EDAG Engineering Group AG about the status and the continuation of share purchases announced on 23 August 2016

DGAP-Ad-hoc: EDAG Engineering Group AG / Key word(s): Miscellaneous
EDAG Engineering Group AG: ATON informs EDAG Engineering Group AG about the
status and the continuation of share purchases announced on 23 August 2016

08-Jun-2017 / 14:25 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR, transmitted by DGAP
- a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Arbon, 8 June 2017. On 23 August 2016, EDAG Engineering Group AG (EDAGor
theCompany), ISIN CH0303692047, had been informed by its shareholder, ATON, that
it intended to purchase up to 1,000,000 shares of EDAG during the period ending
on 29 May 2017.
ATON now has informed the Company that it has acquired 652,029 shares in total
to date and within the scope of the announced share purchase programme and that
it intends to make further on-exchange shares purchases during the period until
29 May 2018. According to ATON, up to 347,971 shares of the Company
(representing approx. 1.4% of the share capital of EDAG Engineering Group AG)
shall be bought during this period.

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 14 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.
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Language: English

Company:  EDAG Engineering Group AG

          Schlossgasse 2

          9320 Arbon

          Switzerland

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

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581623  08-Jun-2017 CET/CEST