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    PMAG   AT0000KTMI02

PIERER MOBILITY AG

(PMAG)
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PIERER Mobility AG: Simplification of the shareholding structure with Bajaj will be executed

09/29/2021 | 11:46am EST

DGAP-Ad-hoc: PIERER Mobility AG / Key word(s): Strategic Company Decision/Capital Increase PIERER Mobility AG: Simplification of the shareholding structure with Bajaj will be executed 29-Sep-2021 / 17:45 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.

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Ad hoc announcement pursuant to article 17 Regulation (EU) No 596/2014 (MAR) Ad hoc announcement pursuant to article 53 LR

29 September 2021

PIERER Mobility AG: Simplification of the shareholding structure with Bajaj will be executed . Bajaj contributes 46.5% stake in KTM AG into listed PIERER Mobility AG . The Management Board resolves a capital increase in the amount of EUR 895 million . PIERER Mobility AG increases its share in the operationally active KTM AG from 51.7% to 98.2%

Pierer and Bajaj sign contracts to simplify the shareholding structure

As announced on 26 July 2021, the Indian Bajaj Group and the Austrian Pierer Group simplify the shareholding structure in the operating KTM AG. Today, Bajaj Auto Ltd. (India) and its subsidiary Bajaj Auto International Holdings B.V. (Netherlands, "BAIHBV") and the Pierer Group signed the corresponding contracts.

Contribution of the shares held by Bajaj in KTM AG to PTW Holding AG

In a first step, BAIHBV has today contributed 46.5% out of its approx. 48% shares currently held in KTM AG to PTW Holding AG (the majority shareholder of PIERER Mobility AG), owned by the Pierer Group. In return, BAIHBV has been granted a 49.9% stake in PTW Holding AG.

EUR 895 mio. capital increase of PIERER Mobility AG

In a second step, the 46.5% KTM shares now held by PTW Holding AG will be contributed to PIERER Mobility AG against the granting of new shares in the context of a capital increase through contributions in kind. To this end, the Management Board of PIERER Mobility AG has resolved today to execute a capital increase against contribution in kind in the total amount of EUR 895 mio., corresponding to 49.9% the the existing share capital, by making use of the authorised capital. In this context 11,257,861 shares will be issued at an issue price of EUR 79.50 per share, which is higher than the current stock market price. The capital increase will be carried out exclusively against contribution in kind of KTM-shares by PTW Holding AG and under exclusion of subscription rights of the other shareholders. The capital increase will be executed, subject to the approval of the supervisory board, in the second half of October.

Following the execution of this transaction, the shareholding of PIERER Mobility AG in the operating KTM AG will increase from currently around 51.7% to around 98.2%. The Pierer Group will continue to retain sole control over PIERER Mobility AG.

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. Contact: Investor Relations Mag. Michaela Friepeß Tel.: +43 (0)7242 / 69402 Email: ir@pierermobility.com Website: www.pierermobility.com

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29-Sep-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

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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 
EQS News ID:  1236892 
Valorennummer (Schweiz): 41860974 Wertpapierkürzel: PMAG, Bloomberg: PMAG SE, PMAG GY Reuters: PMAG.S 
 
End of Announcement  DGAP News Service 
=------------ 

1236892 29-Sep-2021 CET/CEST

Image link: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1236892&application_name=news

(END) Dow Jones Newswires

September 29, 2021 11:45 ET (15:45 GMT)

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Sales 2021 2 047 M 2 314 M 2 314 M
Net income 2021 92,7 M 105 M 105 M
Net Debt 2021 263 M 297 M 297 M
P/E ratio 2021 31,3x
Yield 2021 0,37%
Capitalization 2 775 M 3 138 M 3 137 M
EV / Sales 2021 1,48x
EV / Sales 2022 1,43x
Nbr of Employees 4 888
Free-Float 23,3%
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Number of Analysts 0
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Managers and Directors
Stefan Pierer Chairman-Management Board & CEO
Friedrich Roithner Chief Financial Officer
Josef Blazicek Chairman-Supervisory Board
Klaus Rinnerberger Member-Supervisory Board
Ernst Chalupsky Vice Chairman-Supervisory Board
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