KWS SAAT SE: Release of a capital market information
Disclosure in accordance with Article 5 paragraph 1 a) of Regulation (EU) 596/2014 and Article 2 paragraph 1 of Delegated Regulation (EU) 2016/1052
On October 23, 2017, the Executive Board of KWS SAAT SE (ISIN DE0007074007) adopted a resolution to acquire shares in its own company for its Employee Stock Program in accordance with Section 71 (1) No. 2 of the German Stock Corporation Law (AktG). The sole purpose of acquiring the shares is to fulfill obligations from the Employee Stock Program within the meaning of Art. 5 paragraph 2 c) of Regulation (EU) No. 596/2014.
The shares will be bought back in accordance with the safe harbor regulations of Article 5 of Regulation (EU) 596/2014 in conjunction with Commission Delegated Regulation (EU) 2016/1052.
The buy-back program is to be conducted in the period January 10, 2018, to February 28, 2018, the subscription period for employees will end on January 30, 2018. The maximum number of shares to be bought back will be determined by the number actually needed to issue shares to employees and is limited to 500 shares per employee. No more than a total of 25,000 own shares are to be bought back. In addition, the total purchase price for the shares to be acquired under the share buy-back program is limited to 9.3 million euros (excluding incidental costs).
The buy-back program is to be conducted by a bank, which will decide on the precise time at which shares in the company are acquired within the abovestated period, independently and uninfluenced by the company. Among other things, the bank will also undertake toward the company to comply with the conditions for trading specified in Article 3 of Delegated Regulation (EU) 2016/1052 of 8 March 2016.
Information on the transactions relating to the buy-back program will be adequately disclosed publicly in a manner complying with the requirements of Article 2 paragraph 3 sentence 1 in conjunction with paragraph 2 of Delegated Regulation (EU) 2016/1052 of 8 March 2016 no later than the end of the seventh daily market session following the date of execution of such transactions.
In accordance with Article 2 paragraph 3 sentence 2 of Delegated Regulation (EU) 2016/1052 of 8 March 2016, the company will also post the disclosed transactions on its website (www.kws.de) in the section 'Investor Relations' and keep that information available to the public for at least a 5-year period from the date of adequate public disclosure.
19.12.2017 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.deLanguage: English Company: KWS SAAT SE Grimsehlstraße 31 37555 Einbeck
Germany Internet: www.kws.de End of News DGAP News Service