PIERER Mobility AG: Capital increase of EUR 895 million successfully completed
October 22, 2021 at 01:02 am EDT
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DGAP-News: PIERER Mobility AG
/ Key word(s): Capital Increase
PIERER Mobility AG: Capital increase of EUR 895 million successfully completed
22.10.2021 / 07:00
The issuer is solely responsible for the content of this announcement.
Corporate News
22 October 2021
PIERER Mobility AG: Capital increase of EUR 895 million successfully completed
Shareholding in KTM AG increased to 98.2 percent
The capital increase against contributions in kind in the amount of EUR 895 million was successfully completed and registered in the commercial register today, 22 October 2021. As announced in the ad-hoc release of 29 September 2021, the listed company PIERER Mobility AG has issued 11,257,861 new shares by means of a capital increase against contribution in kind. Only PTW Holding AG was admitted to subscribe, who in return contributed its 46.5% stake in KTM AG to PIERER Mobility AG as a contribution in kind. As a result of the transaction, the direct shareholding of PIERER Mobility AG in the operating KTM AG increased from approximately 51.7% to approximately 98.2%.
The share capital of PIERER Mobility AG increased by EUR 11,257,861 from EUR 22,538,674 to EUR 33,796,535.
Legal Disclaimer
THIS ANNOUNCEMENT DOES NEITHER CONSTITUTE AN OFFER TO SELL NOR AN /INVITATION TO SUBMIT A PROPOSAL FOR THE ACQUISITION OF SECURITIES OF PIERER MOBILITY AG. THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, INTO OR WITHIN THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT.
22.10.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.
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Language:
English
Company:
PIERER Mobility AG
Edisonstrasse 1
4600 Wels
Austria
Phone:
+43 (0) 7242 69 402
E-mail:
ir@pierermobility.com
Internet:
www.pierermobility.com
ISIN:
AT0000KTMI02
WKN:
A2JKHY
Listed:
Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange; SIX
PIERER Mobility AG is an Austria-based company, engaged in the manufacturing of motorcycles. The Company focuses primarily on sport motorcycles and electric mobility. It offers a broad selection of brands, including performance motorcycle brands such as KTM, Husqvarna Motorcycles and GASGAS. PIERER Mobility develops a range of e-bike and bicycle products through the Husqvarna E-Bicycles, GASGAS Bicycles, FELT Bicycles and R Raymon brands. The Company produces components under the WP brand, manufactures and distributes sports cars via its KTM X-BOW division.