- Stock exchange trading under the new name PIERER Mobility AG
- New ticker symbol: PMAG
Renaming of KTM Industries AG into PIERER Mobility AG
The renaming of KTM Industries AG into PIERER Mobility AG resolved at the extraordinary general meeting of KTM Industries AG on October 4, 2019 was entered in the commercial register on October 16, 2019.
As of today, the change of the company name will also be implemented on the stock exchanges of the SIX Swiss Exchange and the Vienna Stock Exchange.
The shares of PIERER Mobility AG will continue to be traded on the stock exchange under the ISIN AT0000KTMI02 (Swiss valor number: 41860974). The ticker symbol will change from KTMI to PMAG.
The website of PIERER Mobility AG can be accessed as of October 25, 2019 at www.pierermobility.at and www.pierermobility.com respectively.
About the Group
The PIERER Mobility Group is Europe’s leading manufacturer of “powered two-wheelers”, producing in series all drive technologies, from combustion engines to electric motors. Under the umbrella of the PIERER Mobility Group, upcoming brands such as “Husqvarna Motorcycles”, “Husqvarna Bicycles” and “Raymon” and the component brand “WP”, appear alongside the core brand “KTM”; these emerging brands are becoming increasingly important, especially considering the developments in the e-mobility sector. Therefore, the Executive Board of KTM Industries AG has taken the decision to rename the parent company of the group into PIERER Mobility AG – without naming a single brand – and thus to express the strong role of the majority shareholder in the name of the company.
THIS ANNOUNCEMENT DOES NEITHER CONSTITUTE AN OFFER TO SELL NOR AN INTIMATION TO SUBMIT A PROPOSAL FOR THE ACQUISITION OF SECURITIES OF KTM INDUSTRIES 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 more information:
Mag. Michaela Friepeß
Tel.: +43 (0)7242 / 69402
Email: email@example.com (in the future firstname.lastname@example.org)
Website: www.ktm-industries.com (in the future www.pierermobility.com)
Swiss valor number: 41860974
Ticker symbol: PMAG