Pankl Racing Systems AG
  • Publication of results in accordance with § 19 para 2 Austrian Takeover Act in relation to the voluntary public takeover offer of Pierer Industrie AG to the shareholders of Pankl Racing Systems AG (ISIN AT0000800800)

Kapfenberg, 19 December 2016

On 20 September 2016 Pierer Industrie AG ("Offeror") has announced its intention to submit a voluntary public offer pursuant to Sections 4 et seq. Austrian Takeover Act to all shareholders of Pankl Racing Systems AG ("Target Company") in the course of the intended change of the trading segment from the mid market to the standard market auction of the Vienna Stock Exchange. The offer price amounted to EUR 31 cum dividend 2016 per non-par-value bearer share of the target company. The offer document has been published on 20 October 2016 in accordance with § 11 para 1a Austrian Takeover Act. The acceptance period started on 20 October 2016 and ended on 15 December 2016 (5:00 pm - Vienna time) (the "Acceptance Period").

Until the end of the Acceptance Period on 15 December 2016 (5:00 pm - Vienna time) UniCredit Bank Austria AG as acceptance and paying agent has received a total of 21,406 shares of Pankl Racing Systems AG; this equals to approximately 0.68 per cent. of the share capital of Pankl Racing Systems AG.

With parallel acquisitions during the Acceptance Period, which have been notified to the Takeover Commission on 15 November 2016 pursuant to Section 16 para 5 Austrian Takeover Act, the Offeror has acquired additional 37,500 shares of Pankl Racing Systems AG at a price of EUR 31 per share; this equals to approximately 1.19 per cent. of the share capital of Pankl Racing Systems AG.

As of the transfer of the shares for which the offer has been accepted, the Offeror - together with the companies with which the Offeror is acting in concert - will hold 2,977,681 shares of Pankl Racing Systems AG; this equals to approximately 94.53 per cent. of the share capital of Pankl Racing Systems AG.

The offer price in the amount of EUR 31 per share will be paid to the shareholders which have accepted the offer in due time at the latest on 30 December 2016 through UniCredit Bank Austria AG as acceptance and paying agent against delivery of the shares.

For further information:

Investor Relations

Tel.: +43 3862 33 999 815

e-mail: ir@pankl.com Website: www.pankl.com

Pankl Racing Systems AG

Industriestraße West 4, 8605 Kapfenberg, Austria

T: +43 (0) 3862 33999 0 F: +43 (0) 3862 33999 181

Vorstand: Mag. Wolfgang Plasser, DI (FH) Christoph Prattes, DI Stefan Seidel

FN 143981 m, UID-Nr: ATU46295209, Landesgericht Leoben www.pankl.com

Pankl Racing Systems AG published this content on 19 December 2016 and is solely responsible for the information contained herein.
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