VOLKSWAGEN AKTIENGESELLSCHAFT: The Management Board and the Supervisory Board are dealing with a possible announcement of an Initial Public Offering (IPO) of Dr. Ing. h.c. F. Porsche AG
September 03, 2022 at 04:48 am EDT
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DGAP-Ad-hoc: VOLKSWAGEN AKTIENGESELLSCHAFT / Key word(s): IPO/Letter of Intent
VOLKSWAGEN AKTIENGESELLSCHAFT: The Management Board and the Supervisory Board are dealing with a possible announcement of an Initial Public Offering (IPO) of Dr. Ing. h.c. F. Porsche AG
03-Sep-2022 / 10:45 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.
The Management Board and the Supervisory Board are dealing with a possible announcement of an Initial Public Offering (IPO) of Dr. Ing. h.c. F. Porsche AG
On 24 February 2022, Volkswagen AG had announced that it would examine the feasibility of a potential IPO of Dr. Ing. h.c. F. Porsche AG. Based on the results of this review, it is intended that the Board of Management and the Supervisory Board of Volkswagen AG will in their meetings on 5 September 2022 deal, among other things, with the question whether a potential IPO of preferred shares in Dr. Ing. h.c. F. Porsche AG at the end of September/beginning of October 2022 should be pursued. In addition, a decision is also to be taken on Volkswagen’s approval of the sale of 25% and one share of the ordinary shares of Dr. Ing. h.c. F. Porsche AG to Porsche Automobil Holding SE. The implementation of a possible initial public offering of the preferred shares and the sale of the ordinary shares is subject to the approval of the Board of Management as well as the Supervisory Board of Volkswagen AG. A final decision has not yet been taken.
Rolf Woller
Head of Group Treasury and Investor Relations
03-Sep-2022 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
Language:
English
Company:
VOLKSWAGEN AKTIENGESELLSCHAFT
Berliner Ring 2
38440 Wolfsburg
Germany
Phone:
+49 (0)5361 9 - 49015
Fax:
+49 (0)5361 9 - 30411
E-mail:
julian.krell@volkswagen.de
Internet:
www.volkswagenag.com/ir
ISIN:
DE0007664039, DE0007664005
WKN:
766403, 766400
Indices:
DAX, Euro Stoxx 50
Listed:
Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime Standard), Hamburg, Hanover, Munich, Stuttgart; Regulated Unofficial Market in Tradegate Exchange
Volkswagen AG is a Germany-based Company, which manufactures and sells vehicles. The Company operates through four segments: Passenger Cars, which covers the development of vehicles and engines, the production and sale of passenger cars, and the corresponding genuine parts business; Commercial vehicles, which comprises the development, production and sale of light commercial vehicles, trucks and buses, the genuine parts business and related services; Power Engineering, which consists of the development and production of diesel engines, turbo compressors, industrial turbines and chemical reactor systems, the production of gear units, propulsion components and testing systems, and Financial Services, which comprises dealer and customer financing, leasing, banking and insurance activities, fleet management and mobility services. It's brand portfolio includes Volkswagen, Audi, SEAT, SKODA, Bentley, Bugatti, Lamborghini, Porsche, Ducati, Volkswagen Commercial Vehicles, Scania and MAN.
VOLKSWAGEN AKTIENGESELLSCHAFT: The Management Board and the Supervisory Board are dealing with a possible announcement of an Initial Public Offering (IPO) of Dr. Ing. h.c. F. Porsche AG
VOLKSWAGEN AG 
