DGAP-News

aap Implantate AG: First-time shareholder participation in the form of a share buyback following the sale of aap Biomaterials GmbH in financial year 2016

DGAP-News: aap Implantate AG / Key word(s): Share Buyback/Corporate Action aap Implantate AG: First-time shareholder participation in the form of a share buyback following the sale of aap Biomaterials GmbH in financial year 2016 15.06.2017 / 11:25 The issuer is solely responsible for the content of this announcement. aap Implantate AG ("aap") announces that the stated partial distribution of proceeds to shareholders from last year's sale of the subsidiary aap Biomaterials GmbH shall be implemented in form of a share buyback. Overall, the company intends to purchase up to 2.25 million aap shares by means of a voluntary public share buyback offer at an offer price of EUR 1.52 per aap share. The maximum total purchase price (including incidental costs), and thereby the amount which shall be distributed among shareholders, will accordingly be up to EUR 3.5 million. aap plans to redeem the shares acquired following the acceptance period.

With the divestments of its subsidiary aap Biomaterials GmbH and the remaining stake in aap Joints GmbH in financial year 2016 aap has successfully completed the transformation into a pure player in trauma. The company now has a comprehensive IP-protected product and technology portfolio, as well as a strong liquidity position, and can take even better advantage of the growing global trauma market with its focused business model. As previously announced, aap will use part of the proceeds from the sale of aap Biomaterials GmbH to finance further growth and to distribute part of them to its shareholders. In the course of the transaction the company reported a total cash inflow of around EUR 34 million at 31 December 2016. After careful examination and consideration of the different options to distribute proceeds taking into account the company's growth plans for the years ahead the Management Board and Supervisory Board have decided to distribute to aap shareholders up to EUR 3.5 million (including incidental costs) by means of a public share buyback. From the company's viewpoint a public share buyback offer is a shareholder-friendly measure that does justice to the nature of an one-off special payout most likely. At the same time a share buyback followed by redeeming the shares takes into account the reduced size of the company and lower revenue streams following the recent divestments.