Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Xetra  >  JOST Werke AG    JST   DE000JST4000

JOST WERKE AG

(JST)
  Report  
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector news

JOST Werke AG: Release according to Article 40, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution

share with twitter share with LinkedIn share with facebook
share via e-mail
0
10/22/2019 | 09:10am EST

DGAP Voting Rights Announcement: JOST Werke AG
JOST Werke AG: Release according to Article 40, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution

22.10.2019 / 15:05
Dissemination of a Voting Rights Announcement transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


On October 21, 2019, Allianz Global Investors GmbH, Frankfurt am Main, Germany, notified JOST Werke AG in accordance with Section 43 (1) WpHG in connection with reaching or exceeding the 10% threshold pursuant to the voting rights notification dated September 25, 2019, of the following:


Ladies and Gentlemen,

We refer to our notification of voting rights pursuant to Sections 33, 34 WpHG on September 25, 2019, with regard to JOST Werke AG (the 'Company').

With regard to the objectives pursued with the acquisition of the voting rights, we hereby announce pursuant to Section 43 (1) Sentences 1 and 3 WpHG that
  1. we do not directly hold any voting rights in the company. All voting rights are fully allocated through funds managed by us (the 'Funds'), which in turn hold the voting rights;
     
  2. the participation of the Funds in the Company serves to generate trading profits;
     
  3. Depending on the stock market price and the general economic situation of the Company, we may intend to acquire additional voting rights for one or more funds within the next twelve months by way of purchase or by other means;
     
  4. we aim to exert influence on the composition of the company's administrative, management and supervisory bodies by expressing opinions, providing advice and making recommendations. We do not seek to participate in the relevant corporate bodies or in the active management of the Company itself (not even via affiliated third parties), nor do we seek to have any legal or factual authority to issue directives;
     
  5. At present, we do not intend to significantly change the Company's capital structure, in particular regarding the ratio of equity and debt financing. With regard to the dividend policy, we expressly support the Company's approach as described in the 2018 Annual Report to ensure that financial management provides the necessary financial flexibility for further growth in order to facilitate any acquisition opportunities. To this end, we generally consider it more important to improve the Company's financial strength than to pursue a constant distribution policy.

Furthermore, in accordance with Section 43 (1) sentences 1 and 4 WpHG, we notify you of the following with regard to the origin of the funds used to acquire the voting rights:

The voting rights were acquired through funds managed by us. Therefore, we have not raised any equity or borrowed funds for the acquisition of the voting rights.


22.10.2019 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: JOST Werke AG
Siemensstraße 2
63263 Neu-Isenburg
Germany
Internet: www.jost-world.com

 
End of News DGAP News Service

894247  22.10.2019 

fncls.ssp?fn=show_t_gif&application_id=894247&application_name=news&site_id=zonebourse

© EQS 2019
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on JOST WERKE AG
06:21aJOST WERKE : acquires Ålö Holding AB
PU
02:01aJOST WERKE : Altor to divest Ålö to JOST
AQ
12/12JOST WERKE AG : ???????JOST acquires Ålö Holding AB, one of the world's leading ..
EQ
12/12JOST WERKE AG : ???????JOST acquires Ålö Holding AB, one of the world's leading ..
EQ
12/02JOST WERKE AG : Release according to Article 40, Section 1 of the WpHG [the Germ..
EQ
11/21JOST WERKE AG : ???????JOST increases net earnings by 3.1 % in the first nine mo..
EQ
11/07JOST WERKE AG : JOST publishes preliminary interim results and adjusts forecast ..
EQ
11/06ROCKINGER : Innovative trailer technology at Agritechnica 2019
PU
10/24JOST WERKE AG : Release according to Article 40, Section 1 of the WpHG [the Germ..
EQ
10/22JOST WERKE AG : Release according to Article 40, Section 1 of the WpHG [the Germ..
EQ
More news
Financials (EUR)
Sales 2019 744 M
EBIT 2019 73,6 M
Net income 2019 36,2 M
Debt 2019 63,0 M
Yield 2019 3,16%
P/E ratio 2019 13,8x
P/E ratio 2020 16,7x
EV / Sales2019 0,75x
EV / Sales2020 0,73x
Capitalization 498 M
Chart JOST WERKE AG
Duration : Period :
JOST Werke AG Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends JOST WERKE AG
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 9
Average target price 35,73  €
Last Close Price 33,45  €
Spread / Highest target 58,4%
Spread / Average Target 6,83%
Spread / Lowest Target -19,3%
EPS Revisions
Managers
NameTitle
Joachim Durr Chairman-Executive Board
Manfred Heinrich Wennemer Chairman-Supervisory Board
Ralf Eichler Chief Operating Officer
Christian Terlinde Chief Financial Officer
Jürgen Schaubel Member-Supervisory Board
Sector and Competitors
1st jan.Capitalization (M$)
JOST WERKE AG26.70%554
DENSO CORPORATION5.79%35 667
CONTINENTAL AG-1.60%26 426
APTIV55.61%24 459
HYUNDAI MOBIS CO., LTD.--.--%20 446
MAGNA INTERNATIONAL INC.17.33%16 857