PIERER Mobility AG: Several financing offers received from investors

PIERER Mobility AG / Key word(s): Financing
PIERER Mobility AG: Several financing offers received from investors

23-Jan-2025 / 21:10 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group.
The issuer is solely responsible for the content of this announcement.


Ad hoc notification pursuant to Article 17 of Regulation (EU) No 596/2014 (MAR)

Ad hoc announcement pursuant to Art. 53 LR

 

Wels, January 23, 2025

 

PIERER Mobility AG: Several financing offers received from investors

 

Until today PIERER Mobility AG has received several offers from investors as part of the investor process structured by Citigroup Global Markets Europe AG. With these offers, investors have declared that they will make financial resources available to the PIERER Group. The funds will either be made available to PIERER Mobility AG for onward transfer to subsidiaries, in particular to KTM AG, or will flow directly to KTM AG or its subsidiaries.

 

Based on the available offers, financing at the level of PIERER Mobility AG supplemented by debt instruments at the level of KTM AG or its subsidiaries is also a possibility.

 

With the financial resources offered, the quota from the restructuring plans of KTM AG and its insolvent subsidiaries can be financed at least to the statutory extent of 30 per cent.

 

The company will enter into discussions with the investors who have submitted offers in order to define the detailed structure of the investments.

 

Legal Notice

THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF SECURITIES FOR SALE OR A SOLICITATION OF AN OFFER TO PURCHASE SECURITIES OF PIERER MOBILITY AG. IT IS NOT FOR DISTRIBUTION, TRANSMISSION OR PUBLICATION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OF THIS ANNOUNCEMENT WOULD BE UNLAWFUL.

 

For further information:

Investor Relations

Hans Lang & Melinda Busáné-Bellér

Tel: +43 676 4140945 or +43 676 4093711

Email: ir@pierermobility.com

Website: https://www.pierermobility.com

 

ISIN: AT0000KTMI02; security number (Switzerland): 41860974; securities code: PKTM; Bloomberg: PKTM SW, PKTM AV; Reuters: PKTM.S, PKTM.VI



End of Inside Information

23-Jan-2025 CET/CEST News transmitted by EQS Group. www.eqs.com



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