EQS-Adhoc: PIERER Mobility: Deepening the cooperation with MV Agusta

EQS-Ad-hoc: PIERER Mobility AG / Key word(s): Strategic Company Decision
   PIERER Mobility: Deepening the cooperation with MV Agusta

   24-Oct-2023 / 17:45 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

    

   PIERER Mobility: Deepening the cooperation with MV Agusta

     • Call option on majority stake in MV Agusta Motor S.p.A.

    

   Wels, October 24, 2023

    

   KTM AG and MV Agusta agree call option on majority stake

    

   In November 2022, KTM AG, a subsidiary of PIERER Mobility AG, by ways of a
   capital increase acquired a 25.1% stake in MV Agusta Motor S.p.A., based
   in Varese (Italy). As part of this cooperation, KTM AG took over the
   supply chain and purchasing for MV Agusta in October 2023. In addition, MV
   Agusta's product range is distributed through PIERER Mobility's worldwide
   sales network.

    

   The call option granted to KTM AG on the basis of the annual financial
   statements as of December 31, 2025 to acquire a majority stake in MV
   Agusta will be exercised in spring 2026.

    

   About MV Agusta S.p.A:

   MV Agusta is one of the world's leading manufacturers of premium
   motorcycles. Based in Varese, northern Italy, the company manufactures
   legendary racetrack-derived motorcycles. Iconic design and first-class
   performance thanks to cutting-edge technology and state-of-the-art
   materials make MV Agusta motorcycles highly regarded around the world and
   celebrated as unique style icons of motorcycle art. Since 1945, the brand
   has become an integral part of the industry, winning 37 world championship
   titles. A record that is still unchallenged.

    

   About the PIERER Mobility Group:

   PIERER Mobility AG is the holding company of Europe’s leading manufacturer
   of powered two-wheelers, producing a full range of premium brands
   including KTM, GASGAS and Husqvarna Motorcycles. With key strengths in
   innovation, PIERER Mobility is a pioneering technology leader in
   two-wheeled e-mobility through its motorcycle brands. Its Husqvarna
   E-Bicycles, GASGAS Bicycles and FELT Bicycles complement the two-wheeler
   segment. Rounding out the premium brand offering are high-performance
   components produced under the WP brand and KTM X-BOW high-end sports cars.

    

   Legal Disclaimer

   THIS ANNOUNCEMENT DOES NEITHER CONSTITUTE AN OFFER TO SELL NOR AN
   /INVITATION 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.

    

   Contact:

   Investor Relations

   Melinda Busáné Bellér

   Tel: +43 (0) 1 533 1 433 - 70

   Email: [email protected]

   Website: [1]www.pierermobility.com

    

   ISIN: AT0000KTMI02; Swiss Valor Number (Schweiz): 41860974; Ticker Symbol:
   PKTM; Bloomberg: PKTM SW, PKTM AV; Reuters: PKTM.S; PKTM.VI

   End of Inside Information

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   24-Oct-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:      [email protected]
   Internet:    www.pierermobility.com
   ISIN:        AT0000KTMI02
   WKN:         A2JKHY
   Listed:      SIX, Vienna Stock Exchange
   EQS News ID: 1756409

   Valorennummer (Schweiz): 41860974 Wertpapierkürzel: PKTM Bloomberg: PKTM
   SW; PKTM AV Reuters: PKTM.S; PKTM.VI

    
   End of Announcement EQS News Service


   1756409  24-Oct-2023 CET/CEST

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