DGAP-Ad-hoc: EDAG Engineering Group AG / Key word(s): Financing EDAG Engineering Group AG: EDAG decides to prematurely waive the drawdown as well as terminate the KfW loan 23-Jun-2021 / 14:37 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. =---------------------------------------------------------------------------------------------------------------------- EDAG Engineering Group AG: EDAG decides to prematurely waive the drawdown as well as terminate the KfW loan Arbon, June 23, 2021. The Management of EDAG Engineering GmbH, a subsidiary of EDAG Engineering Group AG (EDAG), has decided today, to prematurely terminate the KfW loan in the amount of 60 million Euros, which has been contractually agreed in November 2020. With the premature termination of the loan, the prohibition on dividend payments also ceases to apply. The overall market recovery and the positive effects of the performance improvement measures implemented in the previous year mean that the complementary funding of the KfW loan is no longer necessary. The company has thus overcome the economic effects of the Corona pandemic faster and better than assumed in November. Contact: Sebastian Lehmann Head of Investor Relations EDAG Engineering Group AG Schlossgasse 2 9320 Arbon Switzerland Tel.: +41 (0)71 544 33 - 11 Fax: +41 (0)71 544 33 - 10 ir@edag-group.ag ir.edag.com Contact in Germany: EDAG Engineering GmbH Kreuzberger Ring 40 65205 Wiesbaden Tel.: +49-611-7375-168 Mobile: +49-175-8020226 Email: Sebastian.Lehmann@edag.com legal@edag.de www.edag.com =---------------------------------------------------------------------------------------------------------------------- 23-Jun-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de =---------------------------------------------------------------------------------------------------------------------- Language: English Company: EDAG Engineering Group AG Schlossgasse 2 9320 Arbon Switzerland Phone: +41 71 54433-0 E-mail: ir@edag-group.ag Internet: www.edag.com ISIN: CH0303692047 WKN: A143NB Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart EQS News ID: 1211234 End of Announcement DGAP News Service =------------
1211234 23-Jun-2021 CET/CEST
Image link:
https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1211234&application_name=news
(END) Dow Jones Newswires
June 23, 2021 08:38 ET (12:38 GMT)