Brief: Pierer Mobility Carries Out Simplification Of Shareholding Structure With Bajaj

Bajaj Mobility AG

29/09/2021 16:49

Sept 29 (Reuters) - PIERER Mobility AG  PMAG.VI :
    * SIMPLIFICATION OF THE SHAREHOLDING STRUCTURE WITH BAJAJ
WILL BE
EXECUTED
    * BAJAJ CONTRIBUTES 46.5% STAKE IN KTM AG INTO LISTED PIERER
MOBILITY AG
    * MANAGEMENT BOARD RESOLVES A CAPITAL INCREASE IN AMOUNT OF
EUR
895 MILLION
    * PIERER MOBILITY AG INCREASES ITS SHARE IN OPERATIONALLY
ACTIVE
KTM AG FROM 51.7% TO 98.2%
    * INDIAN BAJAJ GROUP AND AUSTRIAN PIERER GROUP SIMPLIFY
SHAREHOLDING STRUCTURE IN OPERATING KTM AG
    * 11,257,861 SHARES WILL BE ISSUED AT AN ISSUE PRICE OF EUR
79.50
PER SHARE
    * CAPITAL INCREASE WILL BE EXECUTED, SUBJECT TO APPROVAL OF
SUPERVISORY BOARD, IN SECOND HALF OF OCTOBER

Source text for Eikon:  ID:nEQqpmlBa 
Further company coverage:  PMAG.VI 

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