DGAP-Ad hoc: technotrans AG

DGAP-Adhoc: technotrans Group successfully completes private placement of treasury shares

technotrans AG / Key word(s): Miscellaneous

03.11.2016 19:32

Disclosure of an inside information according to Article 17 MAR, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.

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Disclosure of inside information in accordance with Article 17 of MAR

Ad hoc information from technotrans AG (ISIN: DE000A0XYGA7)

Sassenberg, November 3, 2016, 7.00 pm - technotrans AG has successfully completed the placement of its holding of 374,915 treasury shares, with the involvement of Bankhaus Lampe, Düsseldorf. All treasury shares held (equivalent to around 5.43 % of the share capital) have been disposed of to long-term investors in Germany and other European countries. The total gross proceeds of the disposal amount to EUR 8,154,401.25.

The proceeds from the placement of the treasury shares will increase the company's financial flexibility, partly for general business purposes but also to offset the financing of the majority interest acquired in gwk Gesellschaft Wärme Kältetechnik mbH.

Bankhaus Lampe acted as financial advisor for the placement.

Contact: technotrans AG, Investor Relations, Katharina Arens, tel. +49 (0)2 5 83301-1890, email: katharina.arens@technotrans.de

End of ad hoc information

03.11.2016 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

--------------------------------------------------------------------------- Language: English Company: technotrans AG Robert-Linnemann-Str. 17 48336 Sassenberg Germany Phone: +49 (0)2583 - 301 - 1000 Fax: +49 (0)2583 - 301 - 1030 E-mail: info@technotrans.de Internet: http://www.technotrans.de ISIN: DE000A0XYGA7 WKN: A0XYGA Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange End of Announcement DGAP News-Service ---------------------------------------------------------------------------