EQS-Adhoc: PIERER Mobility AG: Strengthening of the Executive Board to accommodate further growth opportunities

EQS-Ad-hoc: PIERER Mobility AG / Key word(s): Personnel
   PIERER Mobility AG: Strengthening of the Executive Board to accommodate
   further growth opportunities

   21-March-2023 / 17:48 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 AG.
   The issuer is solely responsible for the content of this announcement.

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   Ad hoc announcement pursuant to article 17 Regulation (EU) No
   596/2014 (MAR)

   Ad hoc announcement pursuant to article 53 LR

    

   Wels, March 21, 2023

    

   PIERER Mobility AG: Strengthening of the Executive Board to accommodate
   further growth opportunities

    

     • Executive Board mandates extended ahead of schedule
     • Change in the CFO position and in the Supervisory Board

    

   Wels – On today's March 21, 2023, the Supervisory Board met to define the
   future strategic direction of the Company.

    

   Expansion of the Executive Board

   The Supervisory Board intends to increase the number of members of the
   Executive Board of the Company in the future and to appoint several
   current members of the Executive Board of KTM AG also at the level of
   PIERER Mobility AG. This will require an increase in the maximum number of
   Executive Board members stipulated in the Articles of Association. The
   Supervisory Board will propose a resolution to this effect to the 26^th
   Annual General Meeting on April 21, 2023.

    

   Subject to the adoption of this amendment to the Articles of Association
   by the Annual General Meeting, Alex Pierer, Florian Kecht, Florian Burguet
   and Rudolf Wiesbeck shall be appointed as new members of the Executive
   Board of PIERER Mobility AG.

    

   Extension of existing Executive Board mandates

   In line with the long-term strategic orientation of the Company, the
   Supervisory Board has prematurely extended the Executive Board mandate of
   CEO Stefan Pierer, which was supposed to end on December 31, 2023, until
   the end of 2025 and the mandates of Viktor Sigl and Hubert Trunkenpolz
   until the end of 2027.

    

   Changes in the CFO position and in the Supervisory Board

   Friedrich Roithner, CFO of the Company, has announced his intention to
   resign from the Executive Board with effect from the end of the 26^th
   Annual General Meeting. He is to be succeeded as CFO by Viktor Sigl, who
   is already a member of the company's Executive Board. Friedrich Roithner
   will stand for election to the Supervisory Board at the 26^th Annual
   General Meeting.

    

   Legal Disclaimer

   THIS ANNOUNCEMENT DOES NEITHER CONSTITUTE AN OFFER TO SELL NOR AN
   INTIMATION TO SUBMIT A PROPOSAL FOR THE ACQUISITION OF SECURITIES OF
   PIERER MOBILITY 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 further information:

   Investor Relations

   Mag.a Melinda Busáné Bellér

   Tel.: +43 (0) 1 533 1 433 – 70

   Email: [1]ir@pierermobility.com

   Website: [2]www.pierermobility.com

    

   ISIN: AT0000KTMI02; Swiss valor number: 41860974; Ticker Symbol: PMAG;
   Bloomberg: PMAG SE; Reuters: PMAG.S

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   21-March-2023 CET/CEST News transmitted by EQS Group AG. www.eqs.com

   ══════════════════════════════════════════════════════════════════════════

   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: 1588461

   Valorennummer (Schweiz): 41860974 Wertpapierkürzel: PMAG, Bloomberg: PMAG
   SE Reuters: PMAG.S

    
   End of Announcement EQS News Service


   1588461  21-March-2023 CET/CEST

References

   Visible links
   1. mailto:ir@pierermobility.com
   2. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=22eb2acef6b31126366f8fd4e5fa4f46&application_id=1588461&site_id=apa_ots_austria&application_name=news

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