Pierer Mobility invades the general meeting after loss of half capital capital – Diepresse.com
In a first step, a bar capital increase of 150 million euros is planned. The share capital is to be increased to around 2.4 times.
The stumbling Pierer Mobility has announced bad news today: the loss of half the share capital makes an extraordinary general meeting necessary on April 25th. Equity will probably be significantly negative at 31, 12.2524. As part of the measures for the fulfillment of the 30 percent restructuring plan rates of the KTM Group, capital measures are to be decided in the Annual General Meeting (HV).
For this purpose, the board and the supervisory board of the Annual General Meeting will propose to decide on capital measures at an issue price of EUR 7.50 per share, said Pierer Mobility Friday morning. In a first step, the Annual General Meeting should vote on a bar capital increase to the extent of EUR 150 million. « All stocks for which the subscription right is not exercised can be taken up by Pierer Bajaj AG, » said the group.
Pierer Bajaj AG will draw non -cash capital increase
In addition, a second step is to be decided in a second step, to the exclusion of the statutory subscription right to the extent of EUR 200 million, which can be carried out after the KTM Group’s restructuring procedures have been successfully completed. The main shareholder Pierer Bajaj AG is only admitted to draw this benefit increase.
This intends to bring in the loans made available so far of EUR 150 million – whereby the payment of the third and last tranche in the amount of 50 million on yesterday’s day – as a contribution to the kind. Another promised loan of EUR 50 million should also take place as a contribution to the kind, says Pierer Mobility. The funds for these loans were made available to Pierer Bajaj AG by shareholder Bajaj Auto.
« With a corresponding resolution in the general meeting and a complete drawing of the factual and bar capital increase, it can be assumed that Pierer Mobility AG’s share is increased to around 2.4 times, » the Upper Austrian company finally said on Friday. (APA)
