JOST Werke SE: Release according to Article 40, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution
January 18, 2024 at 09:31 am EST
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EQS Voting Rights Announcement: JOST Werke SE
JOST Werke SE: Release according to Article 40, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution
18.01.2024 / 15:30 CET/CEST
Dissemination of a Voting Rights Announcement transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
On January 17, 2024, Kai Möhrle notified JOST Werke SE in accordance with Section 43 WpHG in connection with reaching or exceeding the 20% threshold pursuant to the voting rights notification dated January 17, 2024, of the following:
Notification pursuant to Section 43 WpHG
With the voting rights notification sent by Kai Möhrle, the PMF Vermögensverwaltungs GmbH & Co. KG, the associated company PMF Vermögensverwaltungs GmbH, the PMF Holding GmbH & Co. KG, Peter Möhrle Holding GmbH & Co. KG, and the Vierunddreißigste PMB Management GmbH (hereinafter the Notifying Parties) dated January 17, 2024, JOST Werke SE was informed that the Notifying Parties have exceeded the 20% threshold of the JOST Werke SE’s voting rights. Pursuant to Section 43 of the German Securities Trading Act (WpHG), the Notifying Parties disclose the following:
Objectives of the acquisition of voting rights (Sec. 43 (1) Sentence 3 WpHG)
The acquisition of the voting rights in JOST Werke SE by the Notifying Parties took place (indirectly) through the Vierunddreißigste PMB Management GmbH. The investment is regarded as a long-term strategic investment.
Depending on the stock market price and the general economic situation of JOST Werke SE, the Notifying Parties intend to acquire further voting rights in the Company within the next twelve months, if applicable.
The Notifying Parties aim to have at least one candidate supported by the Peter Möhrle Group elected to the Supervisory Board of JOST Werke SE. The Notifying Parties do not currently seek to exert any further influence on the composition of the administrative, executive and supervisory bodies.
In principle, the Notifying Parties currently do not seek any material change in the capital structure of the JOST Werke SE. With regard to the dividend policy, however, the Notifying Parties support the approach of primarily maintaining and further improving the financial flexibility and strengthening of the financial power of JOST Werke SE to finance further growth, and to pursue the goal of the highest possible distributions only as a subordinate priority.
Origin of the funds used to purchase the voting rights (Sec. 43 (1) Sentence 4 WpHG)
The Notifying Parties (with the exception of the Vierunddreißigste PMB Management GmbH) did not use any own or third-party funds to indirectly acquire the voting rights. The Vierunddreißigste PMB Management GmbH exclusively used funds of the Peter Möhrle Group to acquire the voting rights.
18.01.2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.eqs-news.com
JOST Werke AG is a Germany-based company that manufactures truck and commercial vehicle components. The Company provides a wide range of products, such as fifth wheel couplings, telescopic landing gears and accessories for semi trailers, ball bearing turntables, king pins, and container locks and components for alternating systems; towing hitches and drawbar eyes for both transporters and trucks, as well as for use in the agricultural industry; and towing drawbars for both road and agricultural use. The Company's products clustered in three systems: Vehicle Interface (focusing on products required to operate a commercial vehicle combination of trucks and trailers such as fifth wheels and landing gears), Handling Solutions (including container technology and hydraulic cylinders products) and Maneuvering (focusing on truck and trailer axles and forced steering).
JOST Werke SE: Release according to Article 40, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution
JOST WERKE SE 
