Corporate Governance

We, as PIERER Mobility AG are fully committed to the Austrian Code of Corporate Governance (ÖCGK) in its current version. We are committed to its objectives and will continue to observe them in the future. This commitment by PIERER Mobility AG is voluntary and aims to boost shareholder confidence and to constantly optimize the high internal legal, behavioral and ethical standards of PIERER Mobility AG.

Corporate Governance Code (ÖCGK)

The Austrian Code of Corporate Governance (“ÖCGK”) can be accessed via the link below: www.corporate-governance.at/code/

Corporate Governance (RLCG) of the SIX Swiss Exchange

As an Austrian company listed in Switzerland, PIERER Mobility AG is subject to the rules of the Directive on Information relating to Corporate Governance of the SIX Swiss Exchange (the “Swiss Directive on Corporate Governance”). The Swiss Directive on Corporate Governance is available here.

Corporate Governance Report

Corporate Covernance Report of PIERER Mobility AG for the Business Year 2022

Evaluation

We engaged Oberhammer Rechtsanwälte GmbH for the evaluation of our compliance with the Corporate Governance Code for the business year 2021. The official questionnaire of the Austrian Working Group for Corporate Governance was used for the evaluation. The evaluation report is availabe in German language and can be downloaded below:

Evaluation, 2021 (German only, PDF 1.13 MB)

The next evaluation will take place for the financial year 2024.

Compliance Guideline

Compliance Guideline of PIERER Mobility AG

Executive Board & Supervisory Board

Members of the Corporate Bodies

The boards of PIERER Mobility AG consist of the Executive Board, the Supervisory Board and the Annual General Meeting.

Executive Board

The Executive Board of PIERER Mobility AG or the individual Executive Board members, respectively, act on the basis of the laws, the Articles of Association and the Executive Board’s rules of procedure, which have been laid down by the Supervisory Board and which govern the rules for cooperation between the Executive Board members as well as the allocation of the duties within the Executive Board. Until the 26th Annual General Meeting on April 21, 2023, the Executive Board was made up of four members. The 26th Annual General Meeting resolved, in accordance with the election proposal of the Executive Board and the Supervisory Board under agenda item 9, to change the number of Executive Board members elected by the Annual General Meeting within the limits set out in the Articles of Association. Pursuant to the articles of association, the executive board is made up of at least one, but no more than eight members appointed. The executive board currently consists of seven members:

Name
Year of Birth		PositionInitial AppointmentEnd of the current
term of office		Areas of Responsibilities
Stefan Pierer,
born 1956		Member of the
Executive Board
(CEO)		06/02/201512/31/2025Strategic Overall Management,
Research and Development,
Product Management
Viktor Sigl, MBA,
born 1974		Member of the
Executive Board
(CFO)		12/19/201912/31/2027Finance & Tax,
Legal, IT,
Human Resources,
Risk Management,
Real Estate
Florian Burguet, MBA,
born 1981		Member of the
Executive Board		05/06/202312/31/2025New Mobility:
Global Sales,
Customer Service,
Marketing New Mobility
Florian Kecht,
born 1980		Member of the
Executive Board		05/06/202312/31/2027Motorcycles:
Global Sales Motorcycles,
Customer Service,
Marketing Motorcycles,
PG&A
Alex Pierer,
born 1981		Member of the
Executive Board		05/06/202312/31/2027Digital Transformation,
PIERER Innovation,
Avocodo
Hubert Trunkenpolz,
born 1962		Member of the
Executive Board		01/01/201812/31/2027Brand Management,
Motorsports, X-Bow,
Joint Ventures,
Investor Relations
Rudolf Wiesbeck,
born 1979		Member of the
Executive Board		05/06/202312/31/2027Operations,
Quality Management,
Purchasing & Logistics,
Supply Chain Management,
Sustainability

 

Supervisory Board

The Supervisory Board is made up of at least three members who are elected by the Annual General Meeting, plus as many employee representatives as are required according to Section 110 (1) of the Austrian Labor Relations Act. The members of the Supervisory Board are elected by the Annual General Meeting, for a term that shall not go beyond the end of the General Meeting resolving on the discharge of the Executive Board for the fourth financial year following the election; in determining what constitutes the fourth financial year, the financial year in which the member is elected is excluded. Currently, the Supervisory Board consists of six members, of these five are independent in accordance with C-Rules 53 and 54 of the ÖCGK:

Name
Year of Birth		PositionIndependent
according to ÖCGK		Initial
Appointment		End of the current
Term of Office		Further mandates on supervisory boards or
similar functions in other foreign and domestic
companies, listed on a stock exchange
Josef Blazicek,
born 1964		Chairman of the
Supervisory Board		Yes2008GM which decides
on the FY 2025		All for One Group SE (Germany)
Rajiv Bajaj,
born 1966		Deputy Chairman
of the Supervisory Board		No2022GM which decides
on the FY 2026		None
Iris Filzwieser,
born 1971		Member of the
Supervisory Board		Yes2022GM which decides
on the FY 2026		None
Michaela Friepess,
born 1972		Member of the
Supervisory Board		Yes2022GM which decides
on the FY 2026		None
Srinivasan Ravikumar,
born 1957		Member of the
Supervisory Board		Yes2022GM which decides
on the FY 2026		None
Friedrich Roithner,
born 1963		Member of the
Supervisory Board		Yes2023GM which decides
on the FY 2027		None

 

Self-evaluation

For the business year 2021 the supervisory board will evaluate the efficiency of its activities, in particular its organization and work procedures (self-evaluation).

Remuneration Policy

The principles governing the remuneration (remuneration policy) of the members of the Executive Board and Supervisory Board of PIERER Mobility AG were established by resolution of the Supervisory Board on March 26, 2020. The Supervisory Board submits the remuneration policy to the Annual General Meeting for approval in the event of significant changes, and at least once every four years. The remuneration policy that currently applies was submitted to and adopted by the 23rd Annual General Meeting in 2020. 94.72% of the represented share capital (74.80%) approved the presented remuneration policy for the Executive Board. With regard to the submitted remuneration policy for the Supervisory Board, the voting share was 100% of the represented share capital (74.80%).

A separate remuneration report has been prepared for the 2022 financial year and was submitted to and adopted by the 26th Annual General Meeting in 2023. 96.62% of the represented share capital (82.91%) approved the presented remuneration report for the remuneration of the members of the Executive Board and Supervisory Board for the 2022 financial year.

The remuneration report provides an overview of the remuneration principles and programs of PIERER Mobility AG. The remuneration report also describes the procedure for determining the level of remuneration and contains detailed information about the remuneration paid to the Executive Board and the Supervisory Board in the 2021 financial year. The remuneration system of PIERER Mobility AG implements the recommendations of the Austrian Corporate Governance Code (OCGK) and the legal requirements of the Austrian Stock Corporation Act (Sections 78a ff in conjunction with 98a) and was prepared in accordance with the EU Directive 2017/828.

Hidden Item
Reports & policies

Remuneration reports

Remuneration report for the Business Year 2022 (Remuneration Policy)
Remuneration report for the Business Year 2021 (Remuneration Policy)
Remuneration report for the Business Year 2020 (Remuneration Policy)

Clawback policy

This Clawback Policy provides an overview of circumstances that allow PIERER Mobility AG, for certain reasons, to reclaim the variable remuneration compnents already received by individual Management Board members. Clawback policy

Remuneration policies

Principles Governing the Remuneration of Members of the Executive Board (Remuneration Policy)
Principles Governing the Remuneration of Members of the Supervisory Board (Remuneration Policy)

Committees of the Supervisory Board

In accordance with the Stock Corporation Act, the Supervisory Board established an Audit Committee to perform its scheduled supervisory and control functions.

The Audit Committee is responsible for the auditing and preparation for the establishment of the annual financial statements, the proposed distribution of net income and the management report, as well as the auditing of the consolidated financial statements and the corporate governance report. The Audit Committee makes a proposal for the selection of the auditor and presents the proposal of the Supervisory Board to the Annual General Meeting for voting. In line with C-Rule 81a of the ÖCGK, the Audit Committee must establish a mutual line of communication with the financial auditor in a meeting.

The Audit Committee of PIERER Mobility AG held three meetings during the 2022 financial year, in which a representative of the certified public accountant also participated.

The Remuneration Committee of PIERER Mobility AG was newly elected by circular resolution of the Supervisory Board of the company in May 2022 and held one meeting in the 2022 financial year.

The new Committee for Compliance, Investor Relations (IR) and Sustainability (ESG) of PIERER Mobility AG was established at the meeting of the Supervisory Board of PIERER Mobility AG in May 2022 and held its first constituent meeting in the 2022 financial year.

Since the Supervisory Board consists of no more than six members, the tasks of the Nomination committee are fulfilled by the entire Supervisory Board.

Members of Committees

  • Audit Committee: Srinivasan Ravikumar (Chairperson), Klaus Rinnerberger (Deputy Chairperson), Michaela Friepess (Member).
  • Remuneration Committee: Josef Blazicek (Chairperson), Michaela Friepess (Deputy Chairperson).
  • Committee for Compliance, Investor Relations (IR) and Sustainability (ESG): Michaela Friepess (Chairperson), Josef Blazicek (Deputy Chairperson).

Independence criteria for the Supervisory Board

of PIERER Mobility AG to Austrian Corporate Governance Code

A member of the Supervisory Board shall be deemed to be independent if said member does not have any business or personal relations with the company or its Executive Board that constitute a material conflict of interests and are therefore capable of influencing the behavior of the member.

The independence of the Supervisory Board members is defined by the following guidelines:

Criterion 1: The Supervisory Board member was not a member of the Executive Board or a top executive of PIERER Mobility AG or a subsidiary of the company during the previous five-year period.

Criterion 2: The Supervisory Board member does not or did not maintain any business relationships with the company or a subsidiary of the company in the previous year of a scope which may be considered significant for the Supervisory Board member. This also applies to business relationships with companies in which the Supervisory Board member has a considerable economic interest, but not to performing roles on committees within the Group. Approval of individual transactions by the Supervisory Board pursuant to L-Rule 48 of the Austrian Code of Corporate Governance does not automatically disqualify the Supervisory Board member from being independent.

Criterion 3: The Supervisory Board member was not an auditor of the company, a shareholder or employee of the auditing company during the previous three years.

Criterion 4: The Supervisory Board member is not a member of the Executive Board of another company, in which a member of the Executive Board of PIERER Mobility AG serves on its Supervisory Board.

Criterion 5: The Supervisory Board member has not been on the Supervisory Board of the company for more than 15 years. This does not apply to Supervisory Board members, who are shareholders with a direct investment in the company or who represent the interests of such a shareholder.

Criterion 6: The Supervisory Board member is not a close family member (direct descendant, spouse, common law spouse, parent, uncle, aunt, sibling, niece or nephew) of a member of the Executive Board of the company or of people who fulfill one of the other criteria described above.

The Deputy Chairman of the Supervisory Board, Rajiv Bajaj, is Managing Director, CEO and shareholder of Bajaj Auto Ltd, Pune, India. Since 2007, there has been a cooperation between Bajaj Auto Ltd. and KTM AG, a 100% subsidiary of PIERER Mobility AG. The focus of the cooperation is the joint development of street motorbikes in the entry-level segment, which are produced in India and marketed by both companies under the KTM and Husqvarna brands in their home markets. Bajaj Auto Ltd, in which Rajiv Bajaj has a significant economic interest, thus maintains a business relationship with a subsidiary of PIERER Mobility AG to a significant extent, which is why Rajiv Bajaj does not meet independence criterion 2.

The other members of the Supervisory Board of PIERER Mobility AG admit the criteria of independence pursuant to C-Rule 53 and declare themselves to be independent.

According to C-Rule 54 of the Austrian Code of Corporate Governance, the Supervisory Board of the company shall include at least one independent member delegated by the shareholders who is not a shareholder with a share of more than 10% or who represents such a shareholder’s interests. This requirement of C-Rule 54 has been met, since no member of the Supervisory Board is a shareholder with a share of more than 10% or who represents such a shareholder’s interests.

Directors’ Dealings

In accordance with Article 19 of Regulation No 596/2014 of the European Parliament and of the Council of 16 April 2014 (Market Abuse Regulation, MAR), senior management of PIERER Mobility AG – members of the Management Board and members of the Supervisory Board, as well as related parties – have to notify the financial markets regulatory body (Finanzmarktaufsicht) of any own account transactions in PIERER Mobility AG shares, derivatives on it or similar securities and to disclose the transaction to the public immediately. To the Directors’ Dealings announcements

Notifications of Voting Rights / Notifications on shareholdings

Hidden item
18.12.2020 - Publication according to Sec 135 para. 2 BörseG 2018
Publication according to Sec 135 para. 2 BörseG 2018
14.05.2018 - Major holdings notification pursuant to Sec. 130 to 134 BörseG 2018
Major holdings notification pursuant to Sec. 130 to 134 BörseG 2018
12.02.2018 - Major holdings notification pursuant to Sec. 130 to 134 BörseG 2018
Major holdings notification pursuant to Sec. 130 to 134 BörseG 2018
05.12.2017 - Announcement according to § 93 para 2 Austrian Stock Exchange Act
Announcement according to § 93 para 2 Austrian Stock Exchange Act
24.11.017 - Announcement according to § 93 para 2 Austrian Stock Exchange Act
Announcement according to § 93 para 2 Austrian Stock Exchange Act
02.07.2015 - Announcement according to § 93 para 2 Austrian Stock Exchange Act

Wels, 2 July 2015 – CROSS Industries AG announces, that pursuant to § 91 Austrian Stock Exchange Act it was informed by Pierer Industrie AG as follows: The share capital of CROSS Industries AG amounts to EUR 225,386,742 and is divided into 225,386,742 shares. As of 10 June 2015, Pierer Industrie AG was holding 191,837,154 shares of CROSS Industries AG; this equaled to approximately 85.11% of the voting rights of CROSS Industries AG. Since 10 June 2015 Pierer Industrie AG has sold shares of CROSS Industries AG in several steps.

Pierer Industrie AG has informed the company that on 30 June 2015 its voting rights in CROSS Industries AG went below the threshold of 75% and currently amount to approximately 74.94% (number of shares: 168,916,006).

For questions please contact:

Mag. Michaela Friepeß
Investor Relations
info@crossindustries.at

10.06.2015 - Announcement according to § 93 para 2 Austrian Stock Exchange Act

Wels, 10 June 2015 – CROSS Industries AG announces, that pursuant to § 91 and § 91a Austrian Stock Exchange Act it was informed by Pierer Industrie AG, Pierer Konzerngesellschaft mbH and Stefan Pierer as follows:

Facts

The share capital of CROSS Industries AG amounts to EUR 225,386,742 and is divided into 225,386,742 shares. So far, Pierer Industrie AG was holding 221,724,080 shares of CROSS Industries AG; this equaled to 98.37% of the voting rights of CROSS Industries AG. Pierer Industrie AG is controlled by Stefan Pierer through Pierer Konzerngesellschaft mbH. On 10 June 2015 Pierer Industrie AG has sold 29,886,926 shares of CROSS Industries AG; this equals to 13.26% of the voting rights of CROSS Industries AG.

Announcements pursuant to § 91 Austrian Stock Exchange Act

1. Pierer Industrie AG

Pierer Industrie AG has announced, that its voting rights in CROSS Industries AG, which can be exercised directly, on 10 June 2015 went below the threshold of 90% and currently amount to approximately 85.11% (number of shares: 191,837,154).

2. Pierer Konzerngesellschaft mbH

Pierer Konzerngesellschaft mbH has announced, that its voting rights in CROSS Industries AG, which can be exercised indirectly through Pierer Industrie AG, on 10 June 2015 went below the threshold of 90% and currently amount to approximately 85.11% (number of shares: 191,837,154).

3. Stefan Pierer

Stefan Pierer has announced, that his voting rights in CROSS Industries AG, which can be exercised indirectly through Pierer Konzerngesellschaft mbH and Pierer Industrie AG, on 10 June 2015 went below the threshold of 90% and currently amount to approximately 85.11% (number of shares: 191,837,154).

02.06.2015 - Announcement according to § 93 para 2 Austrian Stock Exchange Act

Wels, 2 June 2015 – CROSS Industries AG (previously BF HOLDING AG) announces, that pursuant to § 91 and § 91a Austrian Stock Exchange Act it was informed by Pierer Industrie AG, Pierer Konzerngesellschaft mbH and Stefan Pierer as follows:

Facts

So far, Pierer Industrie AG was holding 11,744,080 shares of BF HOLDING AG (now CROSS Industries AG); this equaled to 76.33% of the voting rights of BF HOLDING AG (now CROSS Industries AG). Pierer Industrie AG is controlled by Stefan Pierer through Pierer Konzerngesellschaft mbH. Moreover, Pierer Industrie AG is the sole shareholder of CROSS Industries AG.

In the annual shareholders’ meetings of CROSS Industries AG, FN 261823 i, (“CROSS OLD”) and BF HOLDING AG, FN 78112 x, held on 22 April 2015 it has been resolved to merge CROSS OLD as transferring company into BF HOLDING AG as receiving company (the “Merger”). In the annual shareholders’ meetings of BF HOLDING AG, FN 78112 x, on 22 April 2015 it has also been resolved to change the company name of BF HOLDING AG to CROSS Industries AG.

The Merger and the change of BF HOLDING AG’s company name were registered with the company register on 2 June 2015.

To implement the merger, the share capital of BF HOLDING AG was increased by EUR 210,000,000 from currently EUR 15,386,742 to EUR 225,386,742 by issuing 210,000,000 new shares. In connection with the merger, BF HOLDING AG has granted 210,000,000 new shares to Pierer Industrie AG as sole shareholder of CROSS OLD.

Announcements pursuant to § 91a and § 91 Austrian Stock Exchange Act

1. Pierer Industrie AG

Announcement pursuant to § 91a Austrian Stock Exchange Act

Pierer Industrie AG has announced, that – due to the registration of the Merger with the company register on 2 June 2015 – it no longer holds an instrument pursuant to § 91a Austrian Stock Exchange Act. The voting rights in
relation to shares of CROSS Industries AG (previously BF HOLDING AG), which were directly held pursuant to § 91a Austrian Stock Exchange Act since 22 April 2015, due to the registration of the Merger with the company register on 2 June 2015 went below the thresholds of 90%, 75%, 50%, 45%, 40%, 35%, 30%, 25%, 20%, 15%, 10%, 5% and 4% and currently amount to 0%.

Announcement pursuant to § 91 Austrian Stock Exchange Act

Pierer Industrie AG has announced, that due to the registration of the Merger with the company register its voting rights in CROSS Industries AG (previously BF HOLDING AG), which can be exercised directly, on 2 June 2015 have reached and exceeded the thresholds of 10%, 15%, 20%, 25%, 30%, 35%, 40%, 45%, 50%, 75% and 90% and currently amount to approximately 98.38% (number of shares: 221,744,080).

2. Pierer Konzerngesellschaft mbH

Announcement pursuant to § 91a Austrian Stock Exchange Act

Pierer Konzerngesellschaft mbH has announced, that – due to the registration of the Merger with the company register on 2 June 2015 – it no longer holds an instrument pursuant to § 91a Austrian Stock Exchange Act. The voting rights in relation to shares of CROSS Industries AG (previously BF HOLDING AG) pursuant to § 91a Austrian Stock Exchange Act, which were indirectly held through Pierer Industrie AG since 22 April 2015, due to the
registration of the Merger with the company register on 2 June 2015 went below the thresholds of 90%, 75%, 50%, 45%, 40%, 35%, 30%, 25%, 20%, 15%, 10%, 5% and 4% and currently amount to 0%.

Announcement pursuant to § 91 Austrian Stock Exchange Act

Pierer Konzerngesellschaft mbH has announced, that due to the registration of the Merger with the company register its voting rights in CROSS Industries AG (previously BF HOLDING AG), which can be exercised indirectly through Pierer Industrie AG, on 2 June 2015 have reached and exceeded the thresholds of 10%, 15%, 20%, 25%, 30%, 35%, 40%, 45%, 50%, 75% and 90% and currently amount to approximately 98.38% (number of shares: 221,744,080).

As parent company Pierer Konzerngesellschaft mbH has also announced, that in the course of the Merger the company CROSS OLD has ceased to exist and that therefore CROSS OLD as of the registration of the Merger with the company register on 2 June 2015 does not hold any longer shares of CROSS Industries AG (previously BF HOLDING AG).

3. Stefan Pierer

Announcement pursuant to § 91a Austrian Stock Exchange Act

Stefan Pierer has announced, that – due to the registration of the Merger with the company register on 2 June 2015 – he no longer holds an instrument pursuant to § 91a Austrian Stock Exchange Act. The voting rights in relation to shares of CROSS Industries AG (previously BF HOLDING AG) pursuant to § 91a Austrian Stock Exchange Act, which were indirectly held through Pierer Konzerngesellschaft mbH and Pierer Industrie AG since 22 April 2015, due to the registration of the Merger with the company register on 2 June 2015 went below the thresholds of 90%, 75%, 50%, 45%, 40%, 35%, 30%, 25%, 20%, 15%, 10%, 5% and 4% and currently amount to 0%.

Announcement pursuant to § 91 Austrian Stock Exchange Act

Stefan Pierer has announced, that due to the registration of the Merger with the company register his voting rights in CROSS Industries AG (previously BF HOLDING AG), which can be exercised indirectly through Pierer Konzerngesellschaft mbH and Pierer Industrie AG, on 2 June 2015 have reached and exceeded the thresholds of 10%, 15%, 20%, 25%, 30%, 35%, 40%, 45%, 50%, 75% and 90% and currently amount to approximately 98.38% (number of shares: 221,744,080).

4. Michael Hofer

Announcement pursuant to § 91 Austrian Stock Exchange Act

Michael Hofer has announced, that – due to the dilution resulting from the registration of the Merger with the company register – his voting rights in CROSS Industries AG (previously BF HOLDING AG) on 2 June 2015 went below the thresholds of 5% and 4% and currently amount to approximately 0.65% (1,452,695 shares).

28.04.2015 - Announcement according to § 93 para 2 Austrian Stock Exchange Act
Wels, 28 April 2015 – BF HOLDING AG announces, that pursuant to § 91a and § 91 of the Austrian Stock Exchange Act (BörseG) it was informed by Pierer Industrie AG, Pierer Konzerngesellschaft mbH and Mr. Stefan Pierer as follows:

Pierer Industrie AG is currently holding 11,692,086 shares of BF HOLDING AG; this equals to approximately 75,99% of the share capital of BF HOLDING AG. Pierer Industrie AG is controlled by Stefan Pierer through Pierer Konzerngesellschaft mbH. Moreover, Pierer Industrie AG is the sole shareholder of CROSS Industries AG.

In the annual shareholders’ meetings of CROSS Industries AG and BF HOLDING AG held on 22 April 2015 it has been resolved to merge CROSS Industries AG as transferring company into BF HOLDING AG as receiving company.

To implement the merger, the share capital of BF HOLDING AG is increased by EUR 210,000,000 from currently EUR 15,386,742 to EUR 225,386,742 by issuing 210,000,000 new shares. In connection with the merger, BF HOLDING AG will grant 210,000,000 new shares to Pierer Industrie AG as sole shareholder of CROSS Industries AG, with effectiveness of the merger, hence when the merger was entered in the commercial register.

The respective merger agreement has been signed on 22 April 2015.

Pierer Industrie AG

Pierer Industrie AG has informed BF HOLDING AG, that due to the stipulation of the merger agreement on 22 April 2015 it holds an instrument pursuant to § 91a BörseG in order to acquire 210,000,000 new shares of BF HOLDING AG upon registration of the merger with the commercial register. Therefore, on 22 April 2015, the voting rights in relation to shares of BF HOLDING AG, which can be exercised pursuant to § 91a BörseG, have reached and exceeded the thresholds of 4%, 5%, 10%, 15%, 20%, 25%, 30%, 35%, 40%, 45%, 50%, 75% and 90% and currently amount to approximately 93.17% (number of shares: 210,000,000).

The execution of the transaction (Verfügungsgeschäft) in relation to these 210,000,000 new shares of BF HOLDING AG shall take place at the earliest at the day of the legal effectiveness of the registration of the merger with the commercial register and at the latest on 30 June 2015.

With respect to the new 210,000,000 shares of BF HOLDING AG that will be issued in connection with the merger after the execution of the transaction, the voting rights of Pierer Industrie AG in BF HOLDING AG, which can be exercised pursuant to § 91 BörseG, will increase from currently approximately 75.99% (number of shares: 11,692,086) to approximately 98.36% (number of shares: 221,692,086)

Pierer Konzerngesellschaft mbH

On 22 April 2015, the voting rights of Pierer Konzerngesellschaft mbH in BF HOLDING AG, which can be exercised pursuant to § 91a BörseG indirectly through Pierer Industrie AG, have reached and exceeded the thresholds of 4%, 5%, 10%, 15%, 20%, 25%, 30%, 35%, 40%, 45%, 50%, 75% and 90% and currently amount to approximately 93.17% (number of shares: 210,000,000).

The execution of the transaction (Verfügungsgeschäft) in relation to these 210,000,000 new shares of BF HOLDING AG shall take place at the earliest at the day of the legal effectiveness of the registration of the merger with the commercial register and at the latest on 30 June 2015.

With respect to the new 210,000,000 shares of BF HOLDING AG that will be issued in connection with the merger after the execution of the transaction, the voting rights of Pierer Konzerngesellschaft mbH in BF HOLDING AG, which can be exercised indirectly through Pierer Industrie AG, will increase from currently approximately 75.99% (number of shares: 11,692,086) to approximately 98.36% (number of shares: 221,692,086).

DI Stefan Pierer

On 22 April 2015, the voting rights of Mr. Stefan Pierer in BF HOLDING AG, which can be exercised pursuant to § 91a BörseG indirectly through Pierer Konzerngesellschaft mbH and Pierer Industrie AG, have reached and exceeded the thresholds of 4%, 5%, 10%, 15%, 20%, 25%, 30%, 35%, 40%, 45%, 50%, 75% and 90% and currently amount to approximately 93.17% (number of shares: 210,000,000).

The execution of the transaction (Verfügungsgeschäft) in relation to these 210,000,000 new shares of BF HOLDING AG shall take place at the earliest at the day of the legal effectiveness of the registration of the merger with the commercial register and at the latest on 30 June 2015.

With respect to the new 210,000,000 shares of BF HOLDING AG that will be issued in connection with the merger after the execution of the transaction, the voting rights of Mr. Stefan Pierer in BF HOLDING AG, which can be exercised indirectly through Pierer Konzerngesellschaft mbH and Pierer Industrie AG, will increase from currently approximately 75.99% (number of shares: 11,692,086) to approximately 98.36% (number of shares: 221,692,086).

For questions please contact:

BF HOLDING AG Edisonstraße 1, 4600 Wels

Mag. Michaela Friepeß

E-mail: Investorrelations@brainforce.co.at

Telefon: +43 7242 69402

18.02.2015 - Announcement according to § 93 para 2 Austrian Stock Exchange Act
Wels, 18 February 2015 – BF HOLDING AG announces, that pursuant to § 91a and § 91 of the Austrian Stock Exchange Act (“BörseG”) it was informed by Pierer Industrie AG, Pierer Konzerngesellschaft mbH and Mr. Stefan Pierer as follows:

Currently, Pierer Industrie AG holds 9,820,359 shares of BF HOLDING AG. This equals to approximately 63.82% of the share capital of BF HOLDING AG. Pierer Industrie AG is controlled by Mr. Stefan Pierer through Pierer Konzerngesellschaft mbH.

Pierer Industrie AG has announced on 6 November 2014, that it intends to launch a voluntary takeover bid to the shareholders of BF HOLDING AG pursuant to §§ 4 ss of the Austrian Take Over Act (the „Voluntary Offer“). The Voluntary Offer aims at the acquisition of all shares of BF HOLDING AG, which are not in the property of Pierer Industrie AG, of persons acting in concert with Pierer Industrie AG and shareholders, which have entered into an agreement with Pierer Industrie AG not to accept the Voluntary Offer. Therefore, the Voluntary Offer is addressed to the acquisition of a total of 4,042,650 shares of BF HOLDING AG (approximately 26.27% of the share capital of BF HOLDING AG). The Voluntary Offer has been published on 22 December 2014.

Due to the acceptance of the Voluntary Offer in respect of 1,871,727 shares Pierer Industrie AG held an instrument pursuant to §91a BörseG. The voting rights relating to shares of BF HOLDING AG, which were held pursuant to § 91a BörseG, so far have exceeded the threshold of 10% and amounted to approximately 12.16% (number of shares: 1,871,727).

Pierer Industrie AG

Notification pursuant to § 91a BörseG

Pierer Industrie AG has informed BF HOLDING AG, that due to the transfer of 1,871,727 shares of BF HOLDING AG delivered into the Voluntary Offer the voting rights relating to shares of BF HOLDING AG, which were held pursuant to § 91a BörseG, on 16 February 2015 have fallen below the thresholds of 10%, 5% and 4% and have been reduced to zero.

Notification pursuant to § 91 BörseG

Pierer Industrie AG has informed BF HOLDING AG, that due to the transfer of 1,871,727 shares of BF HOLDING AG delivered into the Voluntary Offer the voting rights of Pierer Industrie AG in BF HOLDING AG, which can be executed pursuant to § 91 BörseG, on 16 February 2015 have reached and exceeded the threshold of 75% and currently amount to 75.99% (number of shares: 11,692,086).

Pierer Konzerngesellschaft mbH

Notification pursuant to § 91a BörseG

The voting rights of Pierer Konzerngesellschaft mbH in BF HOLDING AG pursuant to § 91a BörseG, which were held indirectly through Pierer Industrie AG, on 16 February 2015 have fallen below the thresholds of 10%, 5% and 4% and have been reduced to zero.

Notification pursuant to § 91 BörseG

After the execution of the contractual transaction in relation to the 1,871,727 shares of BF HOLDING AG delivered into the Voluntary Offer, the voting rights of Pierer Konzerngesellschaft mbH in BF HOLDING AG, which can be executed indirectly through Pierer Industrie AG, on 16 February 2015 have reached and exceeded the threshold of 75% and currently amount to 75.99% (number of shares: 11,692,086).

Stefan Pierer

Notification pursuant to § 91a BörseG

The voting rights of Mr. Stefan Pierer in BF HOLDING AG pursuant to § 91a BörseG, which were held indirectly through Pierer Konzerngesellschaft mbH and Pierer Industrie AG, on 16 February 2015 have fallen below the thresholds of 10%, 5% and 4% and have been reduced to zero.

Notification pursuant to § 91 BörseG

After the execution of the contractual transaction in relation to the 1,871,727 shares BF HOLDING AG delivered into the Voluntary Offer, the voting rights of Mr. Stefan Pierer in BF HOLDING AG, which can be executed indirectly through Pierer Konzerngesellschaft mbH and Pierer Industrie AG, on 16 February 2015 have reached and exceeded the threshold of 75% and currently amount to 75.99% (number of shares: 11,692,086).

04.02.2015 - Announcement according to § 93 para 2 Austrian Stock Exchange Act

Wels, 4 February 2015 – BF HOLDING AG announces, that pursuant to § 91a in connection with § 91 of the Austrian Stock Exchange Act (“BörseG”) it was informed by Pierer Industrie AG, Pierer Konzerngesellschaft mbH and Mr. Stefan Pierer as follows:

Currently, Pierer Industrie AG holds 9,820,359 shares of BF HOLDING AG. This equals to approximately 63.82% of the share capital of BF HOLDING AG. Pierer Industrie AG is controlled by Mr. Stefan Pierer through Pierer Konzerngesellschaft mbH. Pierer Industrie AG has announced on 6 November 2014, that it intends to launch a voluntary takeover bid to the shareholders of BF HOLDING AG pursuant to §§ 4 ss of the Austrian Take Over Act (the “Voluntary Offer”). The Voluntary Offer aims at the acquisition of all shares of BF HOLDING AG, which are not in the property of Pierer Industrie AG, of persons acting in concert with Pierer Industrie AG and shareholders, which have entered into an agreement with Pierer Industrie AG not to accept the Voluntary Offer. Therefore, the Voluntary Offer is addressed to the acquisition of a total of 4,042,650 shares of BF HOLDING AG (approximately 26.27% of the share capital of BF HOLDING AG). The Voluntary Offer has been published on 22 December 2014. Due to the acceptance of the Voluntary Offer in respect of 1,240,000 shares, as of 22 December 2014 Pierer Industrie AG holds an instrument pursuant to §91a BörseG. The voting rights relating to shares of BF HOLDING AG, which are held pursuant to § 91a BörseG, so far have exceeded the threshold of 5% and amounted to approximately 8.06% (number of shares: 1,240,000).

Pierer Industrie AG
Pierer Industrie AG has informed BF HOLDING AG, that due to the additional acceptances of the Voluntary Offer the voting rights relating to shares of BF HOLDING AG, which are held pursuant to § 91a BörseG, on 2 February 2015 have reached and exceeded the threshold of 10% and currently amount to approximately 12.16% (number of shares: 1,871,727). The contractual transaction in relation to these 1,871,727 shares of BF HOLDING AG shall be executed until mid February 2015. After the execution of the contractual transaction in relation to the 1,871,727 shares delivered into the Voluntary Offer, the voting rights of Pierer Industrie AG in BF HOLDING AG, which can be executed pursuant to § 91 BörseG, will increase from currently 63.82% (number of shares: 9,820,359) to approximately 75.99% (number of shares: 11,692,086).

Pierer Konzerngesellschaft mbH
The voting rights of Pierer Konzerngesellschaft mbH in BF HOLDING AG pursuant to § 91a BörseG, which are held indirectly through Pierer Industrie AG, on 2 February 2015 have reached and exceeded the threshold of 10% and currently amount to approximately 12.16% (number of shares: 1,871,727). The contractual transaction in relation to these 1,871,727 shares of BF HOLDING AG shall be executed until mid February 2015. After the execution of the contractual transaction in relation to the 1,871,727 shares so far delivered into the Voluntary Offer, the voting rights of Pierer Konzerngesellschaft mbH in BF HOLDING AG, which can be executed indirectly through Pierer Industrie AG, will increase from currently 63.82% (number of shares: 9,820,359) to approximately 75.99% (number of shares: 11,692,086).

Stefan Pierer
The voting rights of Mr. Stefan Pierer in BF HOLDING AG pursuant to § 91a BörseG, which are held indirectly through Pierer Konzerngesellschaft mbH and Pierer Industrie AG, on 2 February 2015 have reached and exceeded the threshold of 10% and currently amount to approximately 12.16% (number of shares: 1,871,727). The contractual transaction in relation to these 1,871,727 shares of BF HOLDING AG shall be executed until mid February 2015. After the execution of the contractual transaction in relation to the 1,871,727 shares delivered into the Voluntary Offer, the voting rights of Mr. Stefan Pierer in BF HOLDING AG, which can be executed indirectly through Pierer Konzerngesellschaft mbH and Pierer Industrie AG, will increase from currently 63.82% (number of shares: 9,820,359) to approximately 75.99% (number of shares: 11,692,086).

Further Information:

BF HOLDING AG
Edisonstraße 1, 4600 Wels
Mag. Michaela Friepeß
E-mail: Investorrelations@brainforce.co.at
Telefon: +43 7242 69402

24.10.2013 - Announcement according to § 93 para 2 Austrian Stock Exchange Act
Vienna, 23 October 2013 – BRAIN FORCE HOLDING AG announces, that it was informed pursuant to § 91 Austrian Stock Exchange Act (“BörseG”) that due to the acquisition of 2,692,695 shares of BRAIN FORCE HOLDING AG the voting rights of Mr. Dr. Michael Hofer in BRAIN FORCE HOLDING AG on 23 October 2013 have reached and exceeded the thresholds of 4%, 5%, 10% and 15% and currently amount to approximately 17.5% (2,692,695 shares).

For questions please contact:

Mag. Hannes Griesser
Am Hof 4
1010 Vienna
Tel: +43(0) 1 263 09 090

02.10.2013 - Announcement according to § 93 para 2 Austrian Stock Exchange Act
Vienna, 2 October 2013 – BRAIN FORCE HOLDING AG announces, that it was informed pursuant to § 91 Austrian Stock Exchange Act (“BörseG”) by Pierer Industrie AG, Pierer Finanzierungsgesellschaft m.b.H., Pierer Konzerngesellschaft mbH (previousely Pierer GmbH) and Mr. DI Stefan Pierer on the one hand and by Qino Flagship AG, Swissburg AG and Ocean Consulting GmbH on the other hand as follows:

Initial Situation

So far Pierer Industrie AG has held 12,309,456 shares in BRAIN FORCE HOLDING AG; this equals voting rights and a share capital participation in BRAIN FORCE HOLDING AG of approximately 80%. On 30 September 2013 Pierer Industrie AG has sold 1,538,675 shares of BRAIN FORCE HOLDING AG; this equals voting rights and a share capital participation in BRAIN FORCE HOLDING AG of approximately 10%. Pierer Industrie AG is indirectly controlled by Mr. DI Stefan Pierer via Pierer Finanzierungsgesellschaft m.b.H. and Pierer Konzerngesellschaft mbH (previousely Pierer GmbH).

So far, Qino Flagship AG did not own shares of BRAIN FORCE HOLDING AG. On 30 September 2013 Qino Flagship AG has acquired 1,538,675 shares of BRAIN FORCE HOLDING AG. Qino Flagship AG is indirectly controlled by Ocean Consulting GmbH via Swissburg AG.

Pierer Industrie AG

Pierer Industrie AG has informed, that due to the sale of 1,538,675 shares of BRAIN FORCE HOLDING AG the voting rights of Pierer Industrie AG in BRAIN FORCE HOLDING AG on 30 September 2013 fell below the threshold of 75% and currently amount to 70.00004% (10,770,781 shares).

Pierer Finanzierungsgesellschaft m.b.H / Pierer Konzerngesellschaft mbH (previousely Pierer GmbH) / DI Stefan Pierer

The voting rights of Pierer Finanzierungsgesellschaft m.b.H. in BRAIN FORCE HOLDING AG, held indirectly via Pierer Industrie AG, on 30 September 2013 fell below the threshold of 75% and currently amount to 70.00004% (10,770,781 shares).

The voting rights of Pierer Konzerngesellschaft mbH (previousely Pierer GmbH) in BRAIN FORCE HOLDING AG, held indirectly via Pierer Finanzierungsgesellschaft m.b.H. and Pierer Industrie AG, on 30 September 2013 fell below the threshold of 75% and currently amount to 70.00004% (10,770,781 shares).

The voting rights of DI Stefan Pierer in BRAIN FORCE HOLDING AG, held indirectly via Pierer Konzerngesellschaft mbH (previousely Pierer GmbH), Pierer Finanzierungsgesellschaft m.b.H. and Pierer Industrie AG, on 30 September 2013 fell below the threshold of 75% and currently amount to 70.00004% (10,770,781 shares).

Qino Flagship AG

Qino Flagship AG has informed, that due to the acquisition of 1,538,675 shares of BRAIN FORCE HOLDING AG the voting rights of Qino Flagship AG in BRAIN FORCE HOLDING AG on 30 September 2013 have reached and exceeded the thresholds of 4%, 5% and 10% and currently amount to 10.000005% (1,538,675 shares).

Swissburg AG / Ocean Consulting GmbH

The voting rights of Swissburg AG in BRAIN FORCE HOLDING AG, held indirectly via Qino Flagship AG, on 30 September 2013 have reached and exceeded the thresholds of 4%, 5% and 10% and currently amount to 10.000005% (1,538,675 shares).

The voting rights of Ocean Consulting GmbH in BRAIN FORCE HOLDING AG, held indirectly via Swissburg AG and Qino Flagship AG, on 30 September 2013 have reached and exceeded the thresholds of 4%, 5% and 10% and currently amount to 10.000005% (1,538,675 shares).

For questions please contact:

Mag. Hannes Griesser

Am Hof 4 1010 Vienna

Tel: +43(0) 1 263 09 090

10.07.2013 - Announcement according to § 93 para 2 Austrian Stock Exchange Act
Vienna, 10 July 2013 – BRAIN FORCE HOLDING AG announces, that it was informed pursuant to §§ 91 and § 92 lit 4 of the Austrian Stock Exchange Act (“BörseG”) by Erste Private Investmentclub Börsebius Zentral (GbR) as follows:

On 5 July 2013 these 2,611,015 shares of BRAIN FORCE HOLDING AG were sold; this equals a share capital participation in BRAIN FORCE HOLDING AG of approximately 16.97%.

The voting rights of Erste Private Investmentclub Börsebius Zentral (GbR) with regard to the shares of BRAIN FORCE HOLDING AG, on 5 July 2013 fell below the thresholds of 15%, 10%, 5% and 4% and now amount to 0%.

For questions please contact:

Mag. Hannes Griesser

Am Hof 4

1010 Vienna

Tel: +43(0) 1 263 09 090

10.07.2013 - Announcement according to § 93 para 2 Austrian Stock Exchange Act

Vienna, 10 July 2013 – BRAIN FORCE HOLDING AG announces, that it was informed pursuant to §§ 91 and 91a of the Austrian Stock Exchange Act (“BörseG”) by Pierer Industrie AG, Pierer Finanzierungs GmbH, Pierer GmbH and Mr. Stefan Pierer as follows:

Initial Situation

Since 18 June 2013 Pierer Industrie AG holds 8,829,777 shares in BRAIN FORCE HOLDING AG; this equals voting rights and a share capital participation in BRAIN FORCE HOLDING AG of approximately 57.39%.

On 7 June 2013 Pierer Industrie AG has published a voluntary takeover bid pursuant to § 25a of the Austrian Takeover Act addressed to the shareholders of BRAIN FORCE HOLDING AG for the acquisition of all shares of BRAIN FORCE HOLDING AG, in so far as they are not owned by Pierer Industrie AG and parties acting in concert with Pierer Industrie AG (the „Offer“). Shareholders could accept the Offer until 21 June 2013. Until the end of the acceptance period a total of 3,404,214 shares of BRAIN FORCE HOLDING AG have been delivered to UniCredit Bank Austria AG as paying agent; this equals a share capital participation in BRAIN FORCE HOLDING AG of approximately 22.12%.

Since 21 June 2013 Pierer Industrie AG holds an instrument pursuant to § 91a BörseG regarding the acquisition of 3,404,214 shares of BRAIN FORCE HOLDING AG; this equals voting rights and a share capital participation in BRAIN FORCE HOLDING AG of approximately 22.12%. On 5 July 2013 these 3,404,214 shares of BRAIN FORCE HOLDING AG were purchased by Pierer Industrie AG (Transfer of Ownership). During the extended acceptance period pursuant to § 19 of the Austrian Takeover Actshareholders of BRAIN FORCE HOLDING AG may deliver shares in the Offer until 25 September 2013.

Pierer Industrie AG is indirectly controlled by Mr. Stefan Pierer via Pierer Finanzierungs GmbH and Pierer GmbH.

Pierer Industrie AG

The voting rights of Pierer Industrie AG with regard to the shares of BRAIN FORCE HOLDING AG, which are held pursuant to § 91a BörseG, on 5 July 2013 fell below the thresholds of 20%, 15%, 10%, 5% and 4% and currently amount to approximately 0.02% (2,618 shares).

Due to the purchase of 3,404,214 shares of BRAIN FORCE HOLDING AG, the voting rights of Pierer Industrie AG pursuant to § 91 BörseG in BRAIN FORCE HOLDING AG on 5 July 2013 have reached and exceeded the threshold of 75% (amount of voting rights: approximately 79.51%; 12,233,991 shares).

Pierer Finanzierungs GmbH

The voting rights of Pierer Finanzierungs GmbH with regard to the shares of BRAIN FORCE HOLDING AG, which are held pursuant to § 91a BörseG indirectly via Pierer Industrie AG, on 5July 2013 fell below the thresholds of 20%, 15%, 10%, 5% and 4% and currently amount to approximately 0.02% (2,618 shares).

The voting rights of Pierer Finanzierungs GmbH in BRAIN FORCE HOLDING AG pursuant to §91 BörseG, exercisable indirectly via Pierer Industrie AG, on 5 July 2013 have reached and exceeded the threshold of 75% (amount of voting rights: approximately 79.51%; 12,233,991 shares).

Pierer GmbH

The voting rights of Pierer GmbH with regard to the shares of BRAIN FORCE HOLDING AG, which are held pursuant to § 91a BörseG indirectly via Pierer Finanzierungs GmbH and Pierer Industrie AG, on 5 July 2013 fell below the thresholds of 20%, 15%, 10%, 5% and 4% and currently amount to approximately 0.02% (2,618 shares).

The voting rights of Pierer GmbH in BRAIN FORCE HOLDING AG pursuant to § 91 BörseG, exercisable indirectly via Pierer Finanzierungs GmbH and Pierer Industrie AG, on 5 July 2013 have reached and exceeded the threshold of 75% (amount of voting rights: approximately 79.51%; 12,233,991 shares).

Mr. Stefan Pierer

The voting rights of Mr. Stefan Pierer with regard to the shares of BRAIN FORCE HOLDING AG, which are held pursuant to § 91a BörseG indirectly via Pierer GmbH, Pierer Finanzierungs GmbH and Pierer Industrie AG, on 5 July 2013 fell below the thresholds of 20%, 15%, 10%, 5% and 4% and currently amount to approximately 0.02% (2,618 shares).

The voting rights of Mr. Stefan Pierer in BRAIN FORCE HOLDING AG pursuant to § 91 BörseG, exercisable indirectly via Pierer GmbH, Pierer Finanzierungs GmbH and Pierer Industrie AG, on 5 July 2013 have reached and exceeded the threshold of 75% (amount of voting rights: approximately 79.51%; 12,233,991 shares).

For questions please contact:

Mag. Hannes Griesser

Am Hof 4

1010 Vienna

Tel: +43(0) 1 263 09 090

01.07.2013 - Announcement according to § 93 para 2 Austrian Stock Exchange Act

Vienna, 1 July 2013 – BRAIN FORCE HOLDING AG announces, that it was informed pursuant to § 91a Austrian Stock Exchange Act (“BörseG”) by Pierer Industrie AG, Pierer Finanzierungs GmbH, Pierer GmbH and Mr. Stefan Pierer as follows:

Initial Situation

Since 18 June 2013 Pierer Industrie AG holds 8,829,777 shares in BRAIN FORCE HOLDING AG; this equals voting rights and a share capital participation in BRAIN FORCE HOLDING AG of approximately 57.39%.
On 7 June 2013 Pierer Industrie AG has published a voluntary takeover bid pursuant to § 25a of the Austrian Takeover Act addressed to the shareholders of BRAIN FORCE HOLDING AG for the acquisition of all shares of BRAIN FORCE HOLDING AG, in so far as they are not owned by Pierer Industrie AG and parties acting in concert with Pierer Industrie AG (the “Offer”). Shareholders could accept the offer until 21 June 2013. Until the end of the acceptance period a total of 3,404,214 shares of BRAIN FORCE HOLDING AG have been delivered to UniCredit Bank Austria AG as paying agent; this equals voting rights and a share capital participation in BRAIN FORCE HOLDING AG of approximately 22.12%.
By ways of the acceptance of the Offer in the course of the takeover bid a share transfer agreement has been stipulated between the accepting shareholders of BRAIN FORCE HOLDING AG and Pierer Industrie AG (“Contractual Transaction”). The offer price in the amount of EUR 0.80 per share will be paid to the accepting shareholders at the latest on 5 July 2013 against the transfer of the shares (“Transfer of Ownership”).

Pierer Industrie AG

Due to the delivery of shares in the course of the takeover bid Pierer Industrie AG is holding an instrument pursuant to § 91a BörseG regarding the acquisition of 3,404,214 shares of BRAIN FORCE HOLDING AG. The voting rights, which are held pursuant to § 91a BörseG, on 21 June 2013 have reached and exceeded the thresholds of 4%, 5%, 10%, 15% and 20% (approximately 22.12%; 3,404,214 shares).
The voting rights which can be exercised by Pierer Industrie AG pursuant to § 91 BörseG amount to 57.39% (8,829,777 shares). With the execution of the Transfer of Ownership on or around 5 July 2013 the voting rights which can be exercised by Pierer Industrie AG pursuant to § 91 BörseG will reach and exceed the threshold of 75% (amount of voting rights: approximately 79.51%; 12,233,991 shares).

Pierer Finanzierungs GmbH

The voting rights of Pierer Finanzierungs GmbH in BRAIN FORCE HOLDING AG pursuant to § 91a BörseG, held indirectly via Pierer Industrie AG, have reached and exceeded the thresholds of 4%, 5%, 10%, 15% and 20% on 21 June 2013 (approximately 22.12%; 3,404,214 shares).
The voting rights of Pierer Finanzierungs GmbH purusant to § 91 BörseG, exercisable indirectly via Pierer Industrie AG, amount to approximately 57.39% (8,829,777 shares). With the execution of the Transfer of Ownership on or around 5 July 2013 the voting rights pursuant to § 91 BörseG which can be exercised by Pierer Finanzierungs GmbH indirectly via Pierer Industrie AG will reach and exceed the threshold of 75% (amount of voting rights: approximately 79.51%; 12,233,991 shares).

Pierer GmbH

The voting rights of Pierer GmbH in BRAIN FORCE HOLDING AG pursuant to § 91a BörseG, held indirectly via Pierer Finanzierungs GmbH and Pierer Industrie AG, have reached and exceeded the thresholds of 4%, 5%, 10%, 15% and 20% on 21 June 2013 (approximately 22,12%; 3,404,214 shares).
The voting rights of Pierer GmbH purusant to § 91 BörseG, exercisable indirectly via Pierer Finanzierungs GmbH and Pierer Industrie AG, amount to approximately 57.39% (8,829,777 shares). With the execution of the Transfer of Ownership on or around 5 July 2013 the voting rights pursuant to § 91 BörseG which can be exercised by Pierer GmbH indirectly via Pierer Finanzierungs GmbH and Pierer Industrie AG will reach and exceed the threshold of 75% (amount of voting rights: approximately 79.51%; 12,233,991 shares).

DI Stefan Pierer

The voting rights of DI Stefan Pierer in BRAIN FORCE HOLDING AG pursuant to § 91a BörseG, held indirectly via Pierer GmbH, Pierer Finanzierungs GmbH and Pierer Industrie AG, have reached and exceeded the thresholds of 4%, 5%, 10%, 15% and 20% on 21 June 2013 (approximately 22,12%; 3,404,214 shares).
The voting rights of DI Stefan Pierer purusant to § 91 BörseG, exercisable indirectly via Pierer GmbH, Pierer Finanzierungs GmbH and Pierer Industrie AG, amount to approximately 57.39% (8,829,777 shares). With the execution of the Transfer of Ownership on or around 5 July 2013 the voting rights pursuant to § 91 BörseG which can be exercised by DI Stefan Pierer indirectly via Pierer GmbH, Pierer Finanzierungs GmbH and Pierer Industrie AG will reach and exceed the threshold of 75% (amount of voting rights: approximately 79.51%; 12,233,991 shares).
For questions please contact:
Mag. Hannes Griesser
Am Hof 4
1010 Vienna
Tel: +43(0) 1 263 09 090

21.06.2013 - Announcement according to § 93 para 2 Austrian Stock Exchange Act
Vienna, 21 June 2013 – BRAIN FORCE HOLDING AG announces, that it was informed pursuant to § 91 Austrian Stock Exchange Act (“BörseG”) by CROSS Informatik GmbH, Unternehmens Invest Aktiengesellschaft, Knünz Invest Beteiligungs GmbH, Knünz GmbH, Mr Rudolf Knünz, CROSS Industries AG on the one hand as well as by Pierer Invest Beteiligungs GmbH and Pierer Industrie AG, Pierer Finanzierungs GmbH, Pierer GmbH and Mr Stefan Pierer on the other hand as follows:

Initial Situation

The amount of voting rights of CROSS Informatik GmbH in BRAIN FORCE HOLDING AG so far amounted to around 57.39% (8,829,777 shares). CROSS Informatik GmbH is jointly controlled by CROSS Industries AG and Unternehmens Invest Aktiengesellschaft. CROSS Industries AG is controlled by Mr Stefan Pierer via Pierer Invest Beteiligungs GmbH and Pierer GmbH. Unternehmens Invest Aktiengesellschaft is controlled by Mr Rudolf Knünz via Knünz Invest Beteiligungs GmbH and Knünz GmbH.

On 18 June 2013 CROSS Informatik GmbH transferred its 8,829,777 shares in BRAIN FORCE HOLDING AG to Pierer Industrie AG. Pierer Industrie AG is controlled by Mr Stefan Pierer via Pierer Finanzierungs GmbH and Pierer GmbH.

CROSS Informatik GmbH

Since 18 June 2013 CROSS Informatik GmbH does not hold any shares in BRAIN FORCE HOLDING AG any more. The amount of voting rights of CROSS Informatik GmbH in BRAIN FORCE HOLDING AG’s shares therefore fell below the thresholds of 50%, 45%, 40%, 35%, 30%, 25%, 20%, 15%, 10%, 5% and 4% on 18 June 2013. The amount of voting rights fell back to zero. The voting rights have been exercised by Pierer Industrie AG since 18 June 2013.

Unternehmens Invest Aktiengesellschaft, Knünz GmbH, Knünz Invest Beteiligungs GmbH, Mr Rudolf Knünz

The amount of voting rights of Unternehmens Invest Aktiengesellschaft in BRAIN FORCE HOLDING AG’s shares, so far exercisable indirectly via CROSS Informatik GmbH, fell also below the thresholds of 50%, 45%, 40%, 35%, 30%, 25%, 20%, 15%, 10%, 5% and 4% on 18 June 2013. The amount of voting rights fell back to zero.

The amount of voting rights of Mr Rudolf Knünz in BRAIN FORCE HOLDING AG’s shares, so far exercisable indirectly via Knünz GmbH, Knünz Invest Beteiligungs GmbH, Unternehmens Invest Aktiengesellschaft and CROSS Informatik GmbH, fell also below the thresholds of 50%, 45%, 40%, 35%, 30%, 25%, 20%, 15%, 10%, 5% and 4% on 18 June 2013. The amount of voting rights fell back to zero.

CROSS Industries AG, Pierer Invest Beteiligungs GmbH

The amount of voting rights of CROSS Industries AG in BRAIN FORCE HOLDING AG’s shares, so far exercisable indirectly via CROSS Informatik GmbH, fell also below the thresholds of 50%, 45%, 40%, 35%, 30%, 25%, 20%, 15%, 10%, 5% and 4% on 18 June 2013. The amount of voting rights fell back to zero.

The amount of voting rights of Pierer Invest Beteiligungs GmbH in BRAIN FORCE HOLDING AG’s shares, so far exercisable indirectly via CROSS Industries AG and CROSS Informatik GmbH, fell also below the thresholds of 50%, 45%, 40%, 35%, 30%, 25%, 20%, 15%, 10%, 5% and 4% on 18 June 2013. The amount of voting rights fell back to zero.

Pierer Industrie AG

With the acquisition of 8,829,777 shares in BRAIN FORCE HOLDING AG the amount of voting rights of Pierer Industrie AG in BRAIN FORCE HOLDING AG’s shares exceeded the thresholds of 4%, 5%, 10%, 15%, 20%, 25%, 30%, 35%, 40%, 45% and 50% on 18 June 2013 (amount of voting rights: around 57.39%; 8,829,777 shares).

Pierer Finanzierungs GmbH

The amount of voting rights of Pierer Finanzierungs GmbH in BRAIN FORCE HOLDING AG’s shares, exercisable indirectly via Pierer Industrie AG, exceeded the thresholds of 4%, 5%, 10%, 15%, 20%, 25%, 30%, 35%, 40%, 45% and 50% on 18 June 2013 (amount of voting rights: around 57.39%; 8,829,777 shares).

Pierer GmbH, Mr Stefan Pierer

The amount of voting rights of Pierer GmbH in BRAIN FORCE HOLDING AG’s shares, so far exercisable indirectly via Pierer Invest Beteiligungs GmhH, CROSS Industries AG and CROSS Informatik GmbH, are now exercised indirectly via Pierer Finanzierungs GmbH and Pierer Industrie AG since 18 June 2013 and still exceed the threshold of 4%, 5%, 10%, 15%, 20%, 25%, 30%, 35%, 40%, 45% and 50% (amount of voting rights: around 57.39%; 8,829,777 shares).

The amount of voting rights of Mr Stefan Pierer in BRAIN FORCE HOLDING AG’s shares, so far exercisable indirectly via Pierer GmbH, Pierer Invest Beteiligungs GmhH, CROSS Industries AG and CROSS Informatik GmbH, are now exercised indirectly via Pierer GmbH, Pierer Finanzierungs GmbH and Pierer Industrie AG since 18 June 2013 and still exceed the threshold of 4%, 5%, 10%, 15%, 20%, 25%, 30%, 35%, 40%, 45% and 50% (amount of voting rights: around 57.39%; 8,829,777 shares).

For questions please contact:

Mag. Hannes Griesser
Am Hof 4
1010 Vienna
Tel: +43(0) 1 263 09 090

29.11.2011 - Announcement according to § 93 para 2 Austrian Stock Exchange Act
Unternehmens Invest Aktiengesellschaft („UIAG“) teilt mit, dass sie am 28. November 2011 einen Geschäftsanteil in Höhe von 50% an der CROSS Informatik GmbH erworben hat.

Die Stimmrechtsanteile der UIAG an BRAIN FORCE HOLDING AG, die mittelbar über CROSS Informatik GmbH ausgeübt werden können, haben am 28. November 2011 die Schwellen von 5%, 10%, 15%, 20%, 25%, 30%, 35%, 40%, 45% und 50% überschritten (Anzahl der Stimmrechte: rund 53,58%; 8.243.448 Stückaktien). Die Stimmrechtsanteile der Knünz Invest Beteiligungs GmbH („Knünz Invest“) an der BRAIN FORCE HOLDING AG, die mittelbar über UIAG und CROSS Informatik GmbH ausgeübt werden können, haben am 28. November 2011 die Schwellen von 5%, 10%, 15%, 20%, 25%, 30%, 35%, 40%, 45% und 50% überschritten (Anzahl der Stimmrechte: rund 53,58%; 8.243.448 Stückaktien).

Die Stimmrechtsanteile von Herrn Dr. Rudolf Knünz und der Knünz GmbH an BRAIN FORCE HOLDING AG werden seit dem 28. November 2011 nicht mehr mittelbar über Pierer Invest Beteiligungs GmbH, CROSS Industries AG und CROSS Informatik GmbH sondern mittelbar über Knünz Invest, UIAG und CROSS Informatik GmbH ausgeübt und überschreiten weiterhin die Schwelle von 50%.

Die Stimmrechtsanteile der CROSS Industries AG, der Pierer Invest Beteiligungs GmbH, der Pierer GmbH und von Herrn DI Stefan Pierer an BRAIN FORCE HOLDING AG überschreiten weiterhin die Schwelle von 50%.

16.03.2011 - Announcement according to § 93 para 2 Austrian Stock Exchange Act

1. BEKO Holding AG, Nöhagen 57, Burg Hartenstein, 3521 Nöhagen, notified us on March 15, 2011 pursuant to Section 91 Stock Exchange Act that the share of voting rights held by BEKO Holding AG in BRAIN FORCE HOLDING AG fell below the thresholds of 50%, 45%, 40%, 35%, 30%, 25%, 20%, 15%, 10% and 5% of the voting rights on March 12, 2011. The share of voting rights held by BEKO Holding AG amounts to about 1% (153,868 no-par value shares).

2. CROSS Informatik GmbH, Edisonstraße 1, 4600 Wels, notified us on March 15, 2011 pursuant to Section 91 Stock Exchange Act that the share of voting rights held by CROSS Informatik GmbH in BRAIN FORCE HOLDING AG exceeded the thresholds of 5%, 10%, 15%, 20%, 25%, 30%, 35%, 40%, 45% and 50% of the voting rights on March 12, 2011. The share of voting rights held by CROSS Informatik GmbH amounts to about 53.58% (8,243,448 no par value shares).

3. CROSS Industries AG, Edisonstraße 1, 4600 Wels notified us on March 15, 2011 pursuant to Section 91 Stock Exchange Act that the share of voting rights held by CROSS Industries AG in BRAIN FORCE HOLDING AG have been directly (number of voting rights: about 0.63%; 97,110 no-par value shares) and since March 12, 2011 indirectly exercised via CROSS Informatik GmbH (share of voting rights: about 53.58%; 8,243,448 no-par value shares).

4. KP Invest Beteiligungs GmbH, Edisonstraße 1, 4600 Wels notified us on March 15, 2011 pursuant to Section 91 Stock Exchange Act that the share of voting rights held by KP Invest Beteiligungs GmbH in BRAIN FORCE HOLDING AG have been exercised indirectly via CROSS Industries AG and CROSS Informatik GmbH since March 12, 2011 (share of voting rights: about 54.21%; 8,340,558 no-par value shares).

5. Pierer GmbH, Edisonstraße 1, 4600 Wels and Knünz GmbH, Pfarrgasse 7, 6850 Dornbirn, notified us on March 15, 2011 pursuant to Section 91 Stock Exchange Act that the share of voting rights held by Pierer GmbH and Knünz GmbH in BRAIN FORCE HOLDING AG have been exercised indirectly via KP Invest Beteiligungs GmbH, CROSS Industries AG and CROSS Informatik GmbH since March 12, 2011 (share of voting rights: about 54.21%; 8,340,558 no-par value shares).

6. Mr. Stefan Pierer, Austria, notified us on March 15, 2011 pursuant to Section 91 Stock Exchange Act that the share of voting rights held by Mr. Stefan Pierer in BRAIN FORCE HOLDING AG have been exercised indirectly via Pierer GmbH, KP Invest Beteiligungs GmbH, CROSS Industries AG and CROSS Informatik GmbH since March 12, 2011 (share of voting rights: about 54.21%; 8,340,558 no-par value shares).

7. Mr. Rudolf Knünz, Austria, notified us on March 15, 2011 pursuant to Section 91 Stock Exchange Act that the share of voting rights held by Mr. Rudolf Knünz in BRAIN FORCE HOLDING AG have been exercised indirectly via Knünz GmbH, KP Invest Beteiligungs GmbH, CROSS Industries AG and CROSS Informatik GmbH since March 12, 2011 (share of voting rights: about 54.21%; 8,340,558 no-par value shares).

29.06.2010 - Announcement according to § 93 para 2 Austrian Stock Exchange Act

KP Invest Beteiligungs GmbH announces that Pierer GmbH and Knünz Gmbh each have transferred 335.000 shares of CROSS Industries AG to KP Invest Beteiligungs GmbH through a transfer of assets and contribution in kind agreement dated 21 June 2010, bringing the participation in voting rights and in share capital to approximately 67%.

The voting rights of KP Invest Beteiligungs GmbH in Brain Force Holding AG that may be exercised indirectly through CROSS Industries AG and BEKO Holding AG therefore exceed the thresholds of 5%, 10%, 15%, 20%, 25%, 30%, 35%, 40%, 45% and 50% (number of voting rights: approximately 55.28%).

Capital Market

Here you find the prospectus for the listing of the company’s shares in the International Reporting Standard of SIX Swiss Exchange (Listing Prospectus).
Listing Prospectus SIX Swiss Exchange dated November 11, 2016

Disclaimer:
The Listing Prospectus has been prepared pursuant to article 27 of the Listing Rules of SIX Swiss Exchange solely for the listing of shares of the company in the International Reporting Standard of SIX Swiss Exchange. The Listing Prospectus is no offer for the sale of shares and no solicitation to submit an offer for the acquisition of shares in the company.

Find all documents on bonds for investors and take-over bids to existing shareholders.

Hidden Item
Takeover offer Pankl Racing Systems AG 2018
Takeover Bid for the revocation of the admission to trade the shares of Pankl Racing Systems AG (ISIN AT0000800800)

Offer to the shareholders of Pankl Racing Systems AG

On 3 January 2018 KTM Industries AG has announced its intention to launch a takeover bid for the termination of the trading permission according to section 38 para 6 to 8 Stock Exchange Act 2018 in conjunction with the 5th part of the Austrian Takeover Act to the shareholders of Pankl Racing Systems AG. The offer price amounts to EUR 42.18 per Pankl-share.

In this context, the following downloads are available to interested parties:

Announcement of January 3, 2018
Offer Document
Statement of the Management Board of Pankl Racing Systems AG dated 16.2.2018
Statement of the Supervisory Board of Pankl Racing Systems AG dated 16.2.2018
Report of the expert of Pankl Racing Systems AG pursuant to §§ 13 ss Austrian Takeover Act
Publication of results

Takeover offer 2016
Voluntary public takeover offer

Voluntary public takeover offer to the shareholders of WP AG

On March 29, 2016, KTM Industries AG (formerly: CROSS Industries AG) announced its intention to submit a voluntary public takeover offer pursuant to Sections 4 et seq. Austrian Takeover Act to all shareholders of WP AG as accompanying measure to the delisting of the shares of WP AG from the Regulated Market (Geregelter Freiverkehr) of the Vienna Stock Exchange. The offer price will amount to EUR 18 per share of WP AG (ISIN AT0000A1DDL3).

The following downloads are available for interested parties:

Announcement of March 29, 2016
Tender document
Publications dated 21 April 2016
Äußerung des Vorstands
Äußerung des Aufsichtsrates
Bericht des Sachverständigen der Zielgesellschaft gem. §§ 13 ff ÜbG
Bekanntmachung vom 6. Mai 2016
Publication of results

Takeover offer 2014-2015
Angebotsunterlage
Bekanntmachung vom 20. Dezember 2014
Bekanntmachung vom 23. Dezember 2014 – Eintritt der aufschiebenden Bedingung
Bericht des Sachverständigen der Zielgesellschaft gem. §§ 13 f ÜbG
Äußerung des Vorstands
Äußerung des Aufsichtsrats
Bekanntmachung vom 14. Jänner 2015
Ergänzung vom 28. Jänner 2015
Veröffentlichung des Ergebnisses
Takeover offer 2013

Please note that the documentation concerning the take-over bid is only available in German language.

Freiwilliges Angebot – der Pierer Industrie AG
Eintritt der Bedingung der kartellrechtlichen Freigabe der Aktienerwerbes der Pierer Industrie AG
Äußerung des Vorstands
Äußerung des Aufsichtsrats
Bericht des Sachverständigen gemäß §§ 13 f ÜbG
Veröffentlichung des Ergebnisses gemäß § 19 Abs. 2 Übernahmegesetz

Bond 2012

NICHT ZUR VERSENDUNG IN DIE USA, UK, KANADA, JAPAN ODER AUSTRALIEN

DISCLAIMER

Diese Webseite stellt weder ein Angebot zum Verkauf noch eine Aufforderung zur Abgabe eines Angebots zum Kauf von Wertpapieren der CROSS Industries AG dar. Ein der Richtlinie 2003/71/EG und der Verordnung (EG) Nr.809/2004, jeweils in geltender Fassung, entsprechender Prospekt wurde am 19. September 2012 von der Österreichischen Finanzmarktaufsicht („FMA”) gebilligt und veröffentlicht. Ein öffentliches Angebot von Wertpapieren der CROSS Industries AG darf ausschließlich durch und auf Grundlage des gebilligten und veröffentlichten Prospekts, den Sie dann während der üblichen Geschäftszeiten kostenlos bei der CROSS Industries AG, Edisonstraße 1, 4600 Wels, erhalten und in elektronischer Form auf der Webseite der Gesellschaft (http://www.crossindustries.at/) einsehen könnten, erfolgen. Zeichnungsaufträge, die vor Beginn eines öffentlichen Angebots einlangen, werden zurückgewiesen.

Diese Webseite stellt weder in den Vereinigten Staaten von Amerika (USA) noch in einem anderen Land oder gegenüber Personen ein Angebot zum Verkauf oder eine Aufforderung zum Kauf von Wertpapieren der CROSS Industries AG dar, sofern ein solches Angebot oder eine solche Aufforderung verboten oder nicht genehmigt ist. Die Benutzer dieser Webseite sind aufgefordert, sich über derartige Beschränkungen zu informieren und diese einzuhalten.

Diese Aktionärsinformation sowie die darin enthaltenen Informationen sind nicht zur Weitergabe in die Vereinigten Staaten von Amerika einschließlich deren Territorien und Besitztümer (einschließlich Puerto Rico, der U.S. Jungferninseln, Guam, Amerikanisch Samoa, der Wake-Insel und der Nördlichen Mariana Inseln), jeden Bundesstaates der Vereinigten Staaten sowie des District of Columbia (die „USA”) bzw. innerhalb der USA bestimmt und dürfen nicht an “U.S. persons” (wie in Regulation S des U.S. Securities Act of 1933 in der jeweils geltenden Fassung (“Securities Act”) definiert) sowie an Publikationen mit einer allgemeinen Verbreitung in den USA verteilt oder weitergeleitet werden. Diese Aktionärsinformation stellt weder ein Angebot noch eine Aufforderung zum Kauf von Wertpapieren in den USA dar. Die Wertpapiere der CROSS Industries AG wurden und werden nicht gemäß den Vorschriften der Securities Act registriert und dürfen ohne eine vorherige Registrierung bzw. ohne das Vorliegen einer Ausnahmeregelung von der Registrierungsverpflichtung nicht an U.S. Personen verkauft, zum Kauf angeboten oder geliefert werden. In den USA werden die Wertpapiere der CROSS Industries AG nicht öffentlich angeboten.

Die Nichteinhaltung dieser Beschränkungen kann eine Verletzung der anwendbaren wertpapierrechtlichen Vorschriften darstellen. Jedes Angebot und jeder Verkauf von Wertpapieren außerhalb von Österreich wird ausschließlich als Privatplatzierung an qualifizierte institutionelle Investoren unter Einhaltung aller anwendbaren wertpapierrechtlichen Vorschriften durchgeführt.

Um die folgenden Seiten der Website besuchen zu können, müssen Sie bestätigen, dass (1) Sie die obenstehenden Sätze verstanden haben, (2) sich dazu bereit erklären, die darin enthaltenen Beschränkungen einzuhalten, und (3) dass Sie in Österreich wohnhaft sind, keine U.S. person (im Sinne der Regulation S Securities Act) sind und weder Ihren Wohnsitz noch Aufenthalt in den USA, im Vereinigten Königreich, Kanada, Australien oder Japan haben noch für derartige Personen handeln.

Prospekt
Liste berechtigte Finanzintermediäre mit Sitz in Österreich
Mitteilung nach § 7 KMG
Anleihefolder

 

Pressemitteilungen

CROSS Industries AG begibt eine Anleihe in Höhe von € 75 Mio.
CROSS Industries AG begibt eine Anleihe in Höhe von bis zu € 70 Millionen

Bond 2005
Eckdaten der Emission Nominale EUR 50.000.000,00
4,25% Anleihe 2005-2012 der CROSS Industries AG
Emittentin CROSS Industries AG
Emissionsvolumen EUR 50.000.000,00 Nominale
Kupon 4,25 % p.a., zahlbar jährlich
Emissionskurs 101,091 %
Laufzeit 7 Jahre endfällig
Zeichnungsfrist 30.11.-02.12.2005, vorzeitiger Zeichnugsschluss vorbehalten
Valuta 07. Dezember 2005
Tilgung 07. Dezember 2012 zum Nennwert
Zahlstelle Raiffeisen Zentralbank Österreich Aktiengesellschaft
Börseeinführung Notiz im Geregelten Freiverkehr der Wiener Börse wird beantragt
ISIN AT0000500905

 

Eckdaten der Emission Nominale EUR 60.000.000,00
Nachrangige Anleihe mit unbegrenzter Laufzeit der CROSS Industries AG
Emittentin CROSS Industries AG
Emissionsvolumen EUR 60.000.000,00 Nominale
Stückelung EUR 10.000,00 Nominale
Kupon 07.12.2005 bis inkl. 06.02.2016: fixe Verzinsung 6,875% p.a.,
zahlbar jährlich, kurzer erster Kupon 07.02.2016 bis Laufzeitende:
variable Verzinsung, Details siehe Anleihebedingungen, zahlbar halbjährlich
Emissionskurs 100,522%
Laufzeit unbegrenzte Laufzeit, vorbehaltlich Kündigung durch die Emittentin
Zeichnungsfrist 30.11.-02.12.2005, vorzeitiger Zeichnugsschluss vorbehalten
Valuta 07. Dezember 2005
Kündigung durch die Emittentin zur Gänze zum Nennwert, erstmals zum 07.02.2016, danach jeweils zu den Kuponterminen möglich
Zahlstelle Raiffeisen Zentralbank Österreich Aktiengesellschaft
Börseeinführung Notiz im Geregelten Freiverkehr der Wiener Börse wird beantragt
ISIN AT0000500913

Zur Zeichnung laden ein:

  • Raiffeisen Zentralbank Österreich Aktiengesellschaft
  • Bank Austria Creditanstalt AG
  • Raiffeisenlandesbank Oberösterreich reg.Gen.m.b.H
  • AIG Private Bank Ltd.
  • Oberbank AG

Ein dem Kapitalmarktgesetz entsprechender Prospekt wurde am 14. November 2005 veröffentlicht und liegt bei der CROSS Industries AG, Edisonstraße 1, A-4600 Wels auf und kann zu den üblichen Geschäftszeiten bezogen werden. Die Hinweisbekanntmachung im Amtsblatt zur Wiener Zeitung erfolgte am 15. November 2005. Dies ist weder ein Angebot noch eine Einladung zur Zeichnung oder zum Kauf der Schuldverschreibungen in Rechtsordnungen, in denen ein solches Angebot oder eine solche Einladung unzulässig ist. Im Zusammenhang mit dem Angebot der Aktien sind ausschließlich die Angaben im Prospekt verbindlich.

Bitte informieren Sie sich über alle weiteren Details dieser Unternehmensanleihe wie Mittelverwendung des Emissionserlöses in unserem Anleihenfolder.

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Anleihen Folder
Anleihebedingungen – nachrangige Anleihe