EQS-Adhoc: PALFINGER AG: Start to the concrete evaluation for the sale of treasury shares through an accelerated private placement process

EQS-Ad-hoc: Palfinger AG / Key word(s): Miscellaneous
   PALFINGER AG: Start to the concrete evaluation for the sale of treasury
   shares through an accelerated private placement process

   01-Apr-2025 / 18:08 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.
   The issuer is solely responsible for the content of this announcement.

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   PALFINGER AG: Start to the concrete evaluation for the sale of treasury
   shares through an accelerated private placement process

   Bergheim, on April 1, 2025

   Based on the valid sale and authorization for use of treasury shares dated
   April 7, 2021, and the proposed renewal of this authorization by the
   Executive Board and Supervisory Board at the upcoming 37th Annual General
   Meeting of PALFINGER AG (FN 33393 h), the Executive Board decided today to
   start the concrete evaluation for a possible sale of treasury shares
   through an accelerated private placement process (accelerated bookbuild)
   excluding the right to purchase (subscription right) of existing
   shareholders.

   Based on this, and in accordance with legal requirements, the company
   plans to publish a report in April 2025 via an electronically operated
   information dissemination system and on its website registered in the
   commercial register, concerning the exclusion of the right to purchase
   (subscription right) in connection with the possible sale of treasury
   shares.

   The actual implementation of a possible transaction, as well as its exact
   timing, the concrete volume of treasury shares to be sold and the
   conditions depend in particular on an attractive capital market
   environment, the development in price of PALFINGER AG's share on the
   Vienna Stock Exchange, the interest of potential investors in buying, and
   the approval of the Supervisory Board of PALFINGER AG, which may be issued
   two weeks after publication of the above report at the earliest. PALFINGER
   AG currently holds 2,826,516 treasury shares.

   Sales proceeds from a possible transaction could be used, among other
   things, to expand service structures and make use of growth opportunities,
   particularly in North America.

   +++

   ABOUT PALFINGER AG
   PALFINGER is an international technology and mechanical engineering
   company and the world’s leading producer and provider of innovative crane
   and lifting solutions. With around 12,350 employees (without contract
   workers), 30 manufacturing sites and a worldwide sales and service
   network, PALFINGER creates added value from the challenges of its
   customers. PALFINGER is consistently continuing on its course as a
   provider of innovative, complete solutions that deliver increased
   efficiency and better operability, while leveraging the potential of
   digitalization along the entire production and value chain.

   PALFINGER AG has been listed on the Vienna stock exchange since 1999 and
   in 2024 achieved a revenue of EUR 2.36 billion.

   For further information please contact:  
   Hannes Roither | Group spokesperson | PALFINGER AG  
   T +43 662 2281-81100 | [1][email protected] 
    

   End of Inside Information

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   Information and Explanation of the Issuer to this announcement:

   Legal notice
   This document does not constitute an offer to sell or an encouragement to
   buy the shares referred to in this document in any legal jurisdiction,
   including the United States of America, Australia, Canada, or Japan. This
   document has been created exclusively for the purpose of complying with
   mandatory legislation. The information it contains may not be distributed
   in jurisdictions where such distribution is prohibited, and all recipients
   are requested to find out about any such restrictions and ensure that they
   comply with them. Any sale of the shares mentioned in this document by
   Palfinger AG will take place only in accordance with all applicable
   corporate and securities law regulations, including the expiry of the
   legal period for excluding the right of purchase for existing shareholders
   and obtaining of the necessary corporate approvals. In the event of the
   implementation of a possible transaction, the shares mentioned in this
   document will only be offered or sold subject to exceptions from the
   obligation to provide a prospectus as well as registration requirements in
   all jurisdictions, including the European Union and the United States of
   America.

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   01-Apr-2025 CET/CEST News transmitted by EQS Group. www.eqs.com

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   Language:    English
   Company:     Palfinger AG
                Lamprechtshausener Bundesstraße 8
                5020 Salzburg
                Austria
   Phone:       +43 (0)662/2281-81101
   Fax:         +43 (0)662/2281-81070
   E-mail:      [email protected]
   Internet:    www.palfinger.ag
   ISIN:        AT0000758305
   Listed:      Vienna Stock Exchange (Official Market)
   EQS News ID: 2110092


    
   End of Announcement EQS News Service


   2110092  01-Apr-2025 CET/CEST

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References

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