EQS-Adhoc: PIERER Mobility AG: Further funds secured for the resumption of production at KTM
EQS-Ad-hoc: PIERER Mobility AG / Key word(s): Financing
PIERER Mobility AG: Further funds secured for the resumption of production
at KTM
01-Apr-2025 / 06:59 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 LR
Wels, April 1, 2025
PIERER Mobility AG: Further funds secured for the resumption of production
at KTM
• Allegations made by a major Austrian credit institution in the media
are incorrect
The company announces that KTM AG has already secured another EUR 50
million to finance the ramp-up of the production. As planned, the
production resumed on March 17, 2025.
As reported by online media, a credit institution has called an amount of
around EUR 65 million from comfort letters issued by PIERER Mobility AG
for the KTM Group and demanded payment of this amount.
Under the comfort letters, the company has no obligation to provide funds
for the benefit of the credit institution and firmly rejects the alleged
claims. The allegation that money is being abstracted from creditors is
incorrect.
On February 25, 2025, the creditors of KTM AG approved a restructuring
plan quota of 30%. The investor process to finance this restructuring plan
quota and the further operating business of KTM Group continues. The cash
quota, including procedural costs, of approximately EUR 600 million must
be paid to the restructuring administrator by May 23, 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: [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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01-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: 2109536
Valorennummer (Schweiz): 41860974 Wertpapierkürzel: PKTM Bloomberg: PKTM
SW; PKTM AV Reuters: PKTM.S; PKTM.VI
End of Announcement EQS News Service
2109536 01-Apr-2025 CET/CEST
https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=2109536&application_name=news&site_id=apa_ots_austria~~
References
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