PIERER Mobility AG: Sale of shares in MV Agusta Freitag, 31. Januar 2025 - 19:04

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

Ad hoc announcement pursuant to Art. 53 LR

Wels, January 31, 2025

 

PIERER Mobility AG: Sale of shares in MV Agusta

 

• Sale of all shares in MV Agusta to the minority shareholder Art of Mobility S.A.

 

In November 2022, KTM AG, a subsidiary of PIERER Mobility AG, acquired 25.1% of MV Agusta Motor S.p.A., based in Varese (Italy), by way of a capital increase and increased its shareholding to 50.1% in spring 2024.

 

KTM AG has reached an agreement to sell its majority stake in MV Agusta to the minority shareholder Art of Mobility S.A. for an enterprise value in the mid double-digit million range. The transaction is subject to the approval or non-prohibition of committees and authorities. The transaction is expected to be finalized in the first half of 2025.

 

 

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; Swiss Valor Number (Switzerland): 41860974; Ticker Symbol: PKTM; Bloomberg: PKTM SW, PKTM AV; Reuters: PKTM.S, PKTM.VI