EQS-Adhoc: PALFINGER AG: Start to the concrete evaluation for the sale of treasury shares through an accelerated private placement process
EQS-Ad-hoc: Palfinger AG / Key word(s): Miscellaneous
PALFINGER AG: Start to the concrete evaluation for the sale of treasury
shares through an accelerated private placement process
01-Apr-2025 / 18:08 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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PALFINGER AG: Start to the concrete evaluation for the sale of treasury
shares through an accelerated private placement process
Bergheim, on April 1, 2025
Based on the valid sale and authorization for use of treasury shares dated
April 7, 2021, and the proposed renewal of this authorization by the
Executive Board and Supervisory Board at the upcoming 37th Annual General
Meeting of PALFINGER AG (FN 33393 h), the Executive Board decided today to
start the concrete evaluation for a possible sale of treasury shares
through an accelerated private placement process (accelerated bookbuild)
excluding the right to purchase (subscription right) of existing
shareholders.
Based on this, and in accordance with legal requirements, the company
plans to publish a report in April 2025 via an electronically operated
information dissemination system and on its website registered in the
commercial register, concerning the exclusion of the right to purchase
(subscription right) in connection with the possible sale of treasury
shares.
The actual implementation of a possible transaction, as well as its exact
timing, the concrete volume of treasury shares to be sold and the
conditions depend in particular on an attractive capital market
environment, the development in price of PALFINGER AG’s share on the
Vienna Stock Exchange, the interest of potential investors in buying, and
the approval of the Supervisory Board of PALFINGER AG, which may be issued
two weeks after publication of the above report at the earliest. PALFINGER
AG currently holds 2,826,516 treasury shares.
Sales proceeds from a possible transaction could be used, among other
things, to expand service structures and make use of growth opportunities,
particularly in North America.
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ABOUT PALFINGER AG
PALFINGER is an international technology and mechanical engineering
company and the world’s leading producer and provider of innovative crane
and lifting solutions. With around 12,350 employees (without contract
workers), 30 manufacturing sites and a worldwide sales and service
network, PALFINGER creates added value from the challenges of its
customers. PALFINGER is consistently continuing on its course as a
provider of innovative, complete solutions that deliver increased
efficiency and better operability, while leveraging the potential of
digitalization along the entire production and value chain.
PALFINGER AG has been listed on the Vienna stock exchange since 1999 and
in 2024 achieved a revenue of EUR 2.36 billion.
For further information please contact:
Hannes Roither | Group spokesperson | PALFINGER AG
T +43 662 2281-81100 | [1]h.roither@palfinger.com
End of Inside Information
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Information and Explanation of the Issuer to this announcement:
Legal notice
This document does not constitute an offer to sell or an encouragement to
buy the shares referred to in this document in any legal jurisdiction,
including the United States of America, Australia, Canada, or Japan. This
document has been created exclusively for the purpose of complying with
mandatory legislation. The information it contains may not be distributed
in jurisdictions where such distribution is prohibited, and all recipients
are requested to find out about any such restrictions and ensure that they
comply with them. Any sale of the shares mentioned in this document by
Palfinger AG will take place only in accordance with all applicable
corporate and securities law regulations, including the expiry of the
legal period for excluding the right of purchase for existing shareholders
and obtaining of the necessary corporate approvals. In the event of the
implementation of a possible transaction, the shares mentioned in this
document will only be offered or sold subject to exceptions from the
obligation to provide a prospectus as well as registration requirements in
all jurisdictions, including the European Union and the United States of
America.
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01-Apr-2025 CET/CEST News transmitted by EQS Group. www.eqs.com
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Language: English
Company: Palfinger AG
Lamprechtshausener Bundesstraße 8
5020 Salzburg
Austria
Phone: +43 (0)662/2281-81101
Fax: +43 (0)662/2281-81070
E-mail: ir@palfinger.com
Internet: www.palfinger.ag
ISIN: AT0000758305
Listed: Vienna Stock Exchange (Official Market)
EQS News ID: 2110092
End of Announcement EQS News Service
2110092 01-Apr-2025 CET/CEST
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References
Visible links
1. h.roither@palfinger.com
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