DGAP-Ad hoc: Westag & Getalit AG (St.)

DGAP-Adhoc: Westag & Getalit AG: Westag & Getalit AG starts buying back own shares

Westag & Getalit AG / Key word(s): Share Buyback

03.05.2016 16:27

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.

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The Management Board of Westag & Getalit AG today decided, with the consent of the Supervisory Board, to purchase own preference shares representing up to 10% of the current share capital between May 9, 2016 and December 31, 2016; at no time may the purchased shares, together with other own shares, represent more than 10% of the share capital. The Management Board thus exercises the authorisation granted by the ordinary Annual General Meeting dated August 18, 2015 to acquire own shares in accordance with section 71 para. 1 No. 8 of the German Stock Corporation Act (AktG). As a result of the purchases made up to December 31, 2012, the company currently holds 310,828 own preference shares.

The shares are to be acquired via the stock exchange. The purchase price (excl. ancillary expenses) must not be more than 10% higher or lower than the average of the closing prices of the preference shares at the Frankfurt Stock Exchange (XETRA) on the three days preceding the purchase. The repurchased shares may be used for all legally permissible purposes covered by the authorisation granted by the Annual General Meeting.

The share buyback is to be executed by a bank commissioned by the company and in accordance with Art. 4 to 6 of Directive (EC) No. 2273/2003 of the Commission dated December 22, 2003. The daily upper volume limit for the buyback is subject to the average daily turnover in the stock which will be calculated on the basis of the average daily trading volume during the 20 trading days preceding each purchase.

All purchases will be disclosed on the company's website at www.westag-getalit.de/aktienrueckkauf.

The above release and further information on Westag & Getalit are available on the Internet at www.westag-getalit.de.

Contact: Thomas Sudhoff PR and Financial Communication Tel.: +49 5242 / 17-5176 E-Mail: ir@westag-getalit.de

03.05.2016 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de

--------------------------------------------------------------------------- Language: English Company: Westag & Getalit AG Hellweg 15 33378 Rheda-Wiedenbrück Germany Phone: +49 (0)5242 17 - 0 Fax: +49 (0)5242 17 - 5603 E-mail: zentral@westag-getalit.de Internet: www.westag-getalit.de ISIN: DE0007775207, DE0007775231 WKN: 777520, 777523 Listed: Regulated Market in Dusseldorf, Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Hamburg, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------