EQS-Ad-hoc: PIERER Mobility AG / Key word(s): AGM/EGM/Financing
PIERER Mobility AG: Postponement of the Annual Financial Report 2024,
announcement of publishing additional preliminary figures for the 2024
financial year, modification to the agenda of the GM
22-Apr-2025 / 21:51 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.
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Ad hoc notification pursuant to Article 17 of Regulation (EU) No 596/2014
(MAR)
Ad hoc announcement pursuant to Art. 53 KR
Wels, April 22, 2025
PIERER Mobility AG: Postponement of the Annual Financial Report 2024,
announcement of publishing additional preliminary figures for the 2024
financial year, modification to the agenda of the General Meeting
• Investor process for financing the restructuring proceedings of the
KTM Group still ongoing
• Postponement of the publication of the annual financial report for the
2024 financial year
• Additional preliminary key figures will be published by the end of
April 2025
• Modification to the agenda for the Extraordinary General Meeting on
April 25, 2025
Investor process for financing the restructuring proceedings of the KTM
entities still ongoing
On February 25, 2025, the creditors of KTM AG, KTM Components GmbH and KTM
Forschungs & Entwicklungs GmbH approved a restructuring plan quota of 30%,
payable by May 23, 2025. PIERER Mobility AG is currently in the
finalisation phase of negotiations with equity and debt investors with the
aim of securing financing for these restructuring plans totalling around
EUR 600 million.
The positive conclusion of the investor process is, among other things, a
prerequisite for the restructuring of KTM AG and thus for the continued
existence of the group.
The main accounting issue is confirmation of the going concern assumption.
The binding financing commitments of the investors from this investor
process are a prerequisite for accounting at going concern values and the
corresponding confirmation of the annual financial report. If the investor
process fails, which the Executive Board does not currently expect, the
company would have to apply liquidation values for accounting and prepare
a new annual financial report due to the lack of a positive going concern
forecast.
Postponement of the publication of the annual financial report for the
2024 financial year
PIERER Mobility AG is therefore postponing the publication of the annual
financial report for the 2024 financial year scheduled for the end of
April 2025 and is aiming to publish it by May 30, 2025.
Notwithstanding the delay in the publication of the 2024 annual financial
report, PIERER Mobility AG will publish additional preliminary key
financial figures for the 2024 financial year by the end of April 2025.
Modification to the agenda for the upcoming Extraordinary General Meeting
In the ongoing financing discussions, it has become clear that the capital
measures proposed by the Executive Board and Supervisory Board to the
Extraordinary General Meeting cannot be implemented under the proposed
conditions and within the given time frame. Due to these changed
circumstances, the Executive Board and the Supervisory Board of PIERER
Mobility AG have decided today to remove the ordinary increase in share
capital in the form of a cash capital increase (agenda item 2) and the
non-cash capital increase (agenda item 3) from the announced agenda for
the Extraordinary General Meeting on April 25, 2025. The company is
working with the core shareholder on an alternative to raise the amount of
equity required to fulfil the restructuring plan quotas.
Resolutions on any capital measures are to be passed at a General Meeting
to be announced at a later date.
Legal notice
THIS ANNOUNCEMENT DOES NEITHER CONSTITUTE AN OFFER TO SELL NOR AN
INTIMATION 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.
For further information:
Investor Relations
Hans Lang & Melinda Busáné Bellér
Tel: +43 676 4140945 or +43 676 4093711
Email: (1)ir@pierermobility.com
Website:(2) https://www.pierermobility.com
ISIN: AT0000KTMI02; Swiss Valor Number (Switzerland): 41860974; Ticker
Symbol: PKTM; Bloomberg: PKTM SW, PKTM AV; Reuters: PKTM.S, PKTM.VI
End of Inside Information
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22-Apr-2025 CET/CEST News transmitted by EQS Group. www.eqs.com
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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: SIX, Vienna Stock Exchange
EQS News ID: 2121788
Valorennummer (Schweiz): 41860974 Wertpapierkürzel: PKTM Bloomberg: PKTM
SW; PKTM AV Reuters: PKTM.S; PKTM.VI
End of Announcement EQS News Service
2121788 22-Apr-2025 CET/CEST
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