EQS-Adhoc: PIERER Mobility AG: Takeover Commission confirms restructuring privilege for acquisition of control by Bajaj Auto International Holdings B.V.

EQS-Ad-hoc: PIERER Mobility AG / Key word(s): Restructure of Company
   PIERER Mobility AG: Takeover Commission confirms restructuring privilege
   for acquisition of control by Bajaj Auto International Holdings B.V.

   23-Oct-2025 / 19:14 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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   Ad hoc notification pursuant to Article 17 Regulation (EU) No 596/2014
   (MAR)

   Ad hoc announcement pursuant to Art. 53 LR

   Wels, October 23, 2025

    

   PIERER Mobility AG: Takeover Commission confirms restructuring privilege
   for acquisition of control by Bajaj Auto International Holdings B.V.

     • No obligation to make a mandatory takeover bid to the shareholders of
       PIERER Mobility AG
     • Imposition of conditions and requirements by the Takeover Commission

    

   Bajaj Auto International Holdings B.V. intends to acquire all 50,100
   shares held by Pierer Industrie AG in Pierer Bajaj AG. The relevant
   agreements, namely a share purchase agreement relating to the acquisition
   of 100 shares in Pierer Bajaj AG and a call option agreement relating to
   the acquisition of up to 50,000 shares in Pierer Bajaj AG, were concluded
   in April and May 2025. Both agreements are subject to the same regulatory
   conditions precedent with regard to merger control, subvention control and
   investment control approvals, as well as the further condition precedent
   that the acquisition of control by Bajaj Auto International Holdings B.V.
   over Pierer Bajaj AG and thus indirectly over PIERER Mobility AG does not
   trigger a mandatory takeover bid under the provisions of the Austrian
   Takeover Act (ÜbG). All necessary merger control approvals have already
   been granted.

    

   The Austrian Takeover Commission has served a decision to Bajaj Auto
   International Holdings B.V. on 23 October 2025, confirming that these two
   transactions together lead to Bajaj Auto International Holdings B.V.
   indirectly acquiring control over PIERER Mobility AG and that this
   acquisition of control is carried out for restructuring purposes within
   the meaning of Section 25 para 1 no.2 of the Austrian Takeover Act (ÜbG).

    

   In order to protect the financial interests of the other shareholders, the
   following condition was imposed by the Austrian Takeover Commission in
   accordance with Section 25 para 2 of the Austrian Takeover Act (ÜbG):

    

   Bajaj Auto International Holdings B.V. is neither obliged under Section 22
   nor under Section 25 para 2 of the Austrian Takeover Act (ÜbG) to make a
   mandatory takeover bid to the shareholders of PIERER Mobility AG if the
   call option agreement dated 22 May 2025 is exercised in full within 20
   trading days following the non-prohibition of the merger pursuant to
   Regulation (EU) 2022/2560 and the fulfilment of all conditions precedent
   of the call option agreement.

    

   In order to protect the financial interests of the other shareholders, the
   following conditions were imposed in accordance with Section 25 para 2 of
   the Austrian Takeover Act (ÜbG):

    

   (i) Bajaj Auto International Holdings B.V. must immediately inform the
   Takeover Commission of the non-prohibition of the merger pursuant to
   Regulation (EU) 2022/2560 and the fulfilment of all conditions precedent
   of the call option agreement and must immediately publish the change of
   control at PIERER Mobility AG.

    

   (ii) Bajaj Auto International Holdings B.V. and all legal entities acting
   in concert with it pursuant to Section 1 no. 6 of the Austrian Takeover
   Act (ÜbG) must also report

    

   a. to the Takeover Commission immediately after completion of the
   transaction, submitting the relevant agreements and

   b. to the general meeting of PIERER Mobility AG, which follows a possible
   acquisition of shares in MR IMMOREAL GmbH by KTM AG, on the terms and
   conditions of the acquisition of shares, in particular the purchase price,
   in MR IMMOREAL GmbH by KTM AG.

    

   (iii) Bajaj Auto International Holdings B.V. and all legal entities acting
   in concert with it pursuant to Section 1 no. 6 of the Austrian Takeover
   Act (ÜbG) furthermore have to report to

    

   a. the Takeover Commission immediately after conclusion of the respective
   agreement or execution of the respective legal transaction, and

   b. to the general meetings of PIERER Mobility AG,

    

   under what conditions agreements or legal transactions, which are
   economically related to the acquisition of control of PIERER Mobility AG
   by Bajaj Auto International Holdings B.V., are concluded between Bajaj
   Auto International Holdings B.V. or legal entities acting in concert with
   it on the one hand and Dipl. Ing. Stefan Pierer or legal entities acting
   in concert with him on the other hand up to and including 31 December 2026

    

   The Executive Board of PIERER Mobility AG was notified by Bajaj Auto
   International Holdings B.V. that

    

   a. the non-prohibition of the merger pursuant to Regulation (EU) 2022/2560
   and the fulfilment of all conditions of Section 2 of the call option
   agreement are expected by 10 November 2025, and

   b. Bajaj Auto International Holdings B.V. intends to exercise the call
   option agreement with regard to all 50,000 shares in PIERER Bajaj AG,
   thereby indirectly acquiring sole control over PIERER Mobility AG.

    

   Legal notice

   THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF SECURITIES FOR SALE OR A
   SOLICITATION OF AN OFFER TO PURCHASE SECURITIES OF PIERER MOBILITY AG. IT
   IS NOT FOR DISTRIBUTION, TRANSMISSION OR PUBLICATION, DIRECTLY OR
   INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA,
   CANADA, JAPAN OR SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH THE
   DISTRIBUTION OF THIS ANNOUNCEMENT WOULD BE UNLAWFUL.

    

   For further information:

   Investor Relations

   Melinda Busáné Bellér

   Tel: +43 676 4093711

   Email: [1]ir@pierermobility.com

   Website:[2] https://www.pierermobility.com

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

   End of Inside Information

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   23-Oct-2025 CET/CEST News transmitted by EQS Group. www.eqs.com

   View original content: [3]EQS News

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

   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: 2218012

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

    
   End of Announcement EQS News Service


   2218012  23-Oct-2025 CET/CEST

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References

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