PIERER Mobility AG / Key word(s): Strategic Company Decision
Ad hoc release Wels, 3 February 2021
PIERER Mobility AG: Preparation for the simplification of the shareholding structure with Bajaj
- Opting-Out from Swiss Takeover Law
- Extraordinary shareholders' meeting
Simplification of the Shareholding Structure of the listed PIERER Mobility AG
Convening of an Extraordinary General Meeting - Opting-Out from Swiss Takeover Law
For this purpose, PIERER Mobility AG will convene an extraordinary shareholders' meeting for February 26, 2021. At this shareholders' meeting, the new inclusion of a provision in the Articles of Association will be proposed, which includes an opting-out according to Swiss takeover law. An opting-out in the Articles of Association means that whenever there is no obligation to make an offer under the provisions of Austrian takeover law, there is also no obligation to make an offer under Swiss takeover law. If, on the other hand, there is a mandatory offer under Austrian law, the provisions of Swiss takeover law must still be observed. The Swiss Takeover Board has determined in its decision of 2 February 2021 that the inclusion of the opting-out clause is valid pursuant to art. 125 para. 4 FinMIA, provided that (i) the shareholders of PIERER Mobility AG are informed transparently about the introduction of the opting-out clause and its consequences and (ii) the majority of the present votes and the majority of the present votes of the minority shareholders at the general meeting of PIERER Mobility AG approve the relevant provision of the Articles of Association. The decision of the Swiss Takeover Board is available on the company's website www.pierermobility.com/en/investor-relations/corporate-governance in the section "Articles of Association".
In the event of the implementation of the transaction, there will be no change of control of PIERER Mobility AG under the Austrian provisions. The opting out thus clarifies that there will be no takeover under the Swiss regime either.
The notice convening the extraordinary general meeting together with the proposed resolutions will be published on February 4, 2021.
03-Feb-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
|Company:||PIERER Mobility AG|
|Phone:||+43 (0) 7242 69 402|
|Listed:||Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange|
|EQS News ID:||1165623|
|Valorennummer (Schweiz): 41860974Wertpapierkürzel: PMAG,Bloomberg: PMAG SE, PMAG GYReuters: PMAG.S|
|End of Announcement||DGAP News Service|