Brief: Deutsche Balaton: Positive Effect From Possible Repurchase Of Dräger Participation Certificates

Deutsche Balaton AG

16/04/2020 10:13

April 16 (Reuters) - Deutsche Balaton Ag  BBHKk.F :
    * FURTHER POSITIVE EFFECT FROM THE POSSIBLE REPURCHASE OF
DRÄGER
PARTICIPATION CERTIFICATES
    * EFFECT IN THE SEPARATE FINANCIAL STATEMENTS IS EXPECTED TO
BE
AROUND EUR 23 MILLION (BEFORE TAXES), THE EFFECT ON
SHAREHOLDERS' EQUITY IS EXPECTED TO BE AROUND EUR 25 MILLION
    * EXPECTS DRÄGER PARTICIPATION CERTIFICATES FOR REMAINING A
AND K
SERIES TO BE TERMINATED AT END OF 2020
    * THIS IS EXPECTED TO HAVE A FURTHER POSITIVE EFFECT ON THE
EQUITY
OF DEUTSCHE BALATON AG AND THE GROUP EQUITY
    * EFFECT IN FINANCIAL STATEMENTS OF DEUTSCHE BALATON AG TO
BE
AROUND EUR 13 MILLION (BEFORE TAXES)
    * EFFECT ON SHAREHOLDERS' EQUITY OF DEUTSCHE BALATON AG IS
EXPECTED TO BE AROUND EUR 14 MILLION (BEFORE TAXES)
    * RESERVES THE RIGHT TO SELL THE PARTICIPATION CERTIFICATES
HELD
EVEN BEFORE THE RESPECTIVE REPURCHASES HAVE BEEN COMPLETED, IF
OPPORTUNITIES ARISE

Source text for Eikon:  ID:nPexwqXlra 
Further company coverage:  BBHKk.F 

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