DGAP-Adhoc

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.

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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

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Language: English
Company: EDAG Engineering Group AG
Schlossgasse 2
9320 Arbon
Switzerland
Phone: [phone]
Fax:
E-mail: [e-mail]
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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