DGAP-Ad-hoc: Westag & Getalit AG / Key word(s): Share Buyback Westag & Getalit AG: Westag & Getalit AG continues to buy back own shares; Notification in accordance with article 5 para. 1 of Regulation (EU) No. 596/2014 in conjunction with article 2 para. 1 of Commission Delegated Regulation (EU) 2016/1052 15-Dec-2016 / 17:31 CET/CEST Disclosure of an inside information acc. to Article 17 MAR, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- The Management Board of Westag & Getalit AG decided today, with the approval of the Supervisory Board, to continue the current share buyback program in 2017. In doing so, the Company builds upon the resolution of May 3, 2016, and will continue the buyback of own preference shares representing up to 10% of the current share capital beyond December 31, 2016, to December 31, 2017. At no time may the purchased shares, together with other own shares, constitute more than 10% of the share capital. The Management Board is thus exercising the authorization 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). The shares are to be acquired on the stock exchange. The purchase price (excluding ancillary acquisition costs) must not be more than 10% higher or lower than the average closing prices of the preference shares on the Frankfurt Stock Exchange (XETRA) on the three days preceding each purchase. The repurchased shares may be used for all legally permissible purposes covered by the authorisation granted by the Annual General Meeting. The buyback will be executed by a bank commissioned by the Company and in accordance with the provisions of law. The Management Board may suspend the share buyback program at any time and resume in compliance with statutory provisions. The share buyback shall be conducted in accordance with articles 5, 14 and 15 of Regulation (EU) No. 596/2014 in conjunction with Commission Delegated Regulation (EU) 2016/1052, with the exception of article 2 para. 1 a). The daily buyback limit is based on the average daily share turnover which is calculated on the basis of the average daily trading volume during the 20 trading days preceding each purchase. All purchases will be published on the Company's website at www.westag-getalit.de/aktienrueckkauf. This press release and further information about Westag & Getalit are available online at www.westag-getalit.de. Contact: Thomas Sudhoff PR and Financial Communication Tel.: +49 5242 / 17-5176 E-Mail: [email protected] --------------------------------------------------------------------------- 15-Dec-2016 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at 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: [email protected] 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, Tradegate Exchange End of Announcement DGAP News Service --------------------------------------------------------------------------- 530315 15-Dec-2016 CET/CEST