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PIERER Mobility AG
Pre-Annual General Meeting Information • Apr 22, 2025
801_iss_2025-04-22_73a51f9a-0e92-4b11-91d7-1e8381203afa.pdf
Pre-Annual General Meeting Information
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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.
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: [email protected]
ISIN: AT0000KTMI02; Swiss Valor Number (Switzerland): 41860974; Ticker Symbol: PKTM; Bloomberg: PKTM SW, PKTM AV; Reuters: PKTM.S, PKTM.VI
End of Inside Information
22-Apr-2025 CET/CEST News transmitted by EQS Group. www.eqs.com
| Language: | English |
|---|---|
| Company: | PIERER Mobility AG |
| Edisonstrasse 1 4600 Wels |
|
| Austria | |
| Phone: | +43 (0) 7242 69 402 |
| E-mail: | [email protected] |
| 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