
Intended reduction of the stake in Steyr Motors AG to strengthen the free float due to very strong investor demand
EQS-Ad-hoc: Mutares SE & Co. KGaA / Key word(s): Miscellaneous Disclosure of inside information pursuant to Article 17 of Regulation (EU) No 596/2014
NOT FOR DISTRIBUTION, PUBLICATION OR TRANSMISSION, DIRECTLY OR INDIRECTLY, INTO OR IN THE UNITED STATES OF AMERICA, CANADA, AUSTRALIA, JAPAN OR ANY OTHER COUNTRY IN WHICH SUCH DISTRIBUTION OR PUBLICATION MAY BE UNLAWFUL. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT.
Intended reduction of the stake in Steyr Motors AG to strengthen the free float due to very strong investor demand
Today, Mutares has therefore agreed with the bank that acted as Listing Agent on Steyr's listing on the Frankfurt Stock Exchange in October 2024 on a consent to terminate the currently remaining soft lock-up obligation under the listing agreement. Mutares remains very convinced of the positive development of Steyr and intends to remain a major shareholder of Steyr. Depending on the current very dynamic market conditions, Mutares expects significant gross proceeds from the reduction of the stake.
Important Notices This announcement is an ad hoc notification pursuant to Article 17 of Regulation (EU) No 596/2014 on market abuse. It is neither a financial analysis nor advice or recommendation relating to financial instruments, nor does it contain or constitute an offer of, or the solicitation of an offer to buy or subscribe for, securities. Certain statements in this ad hoc notification are forward-looking statements. By their nature, forward-looking statements involve a number of risks, uncertainties and assumptions that could cause actual results or events to differ materially from those expressed or implied by the forward-looking statements. These risks, uncertainties and assumptions could adversely affect the outcome and financial consequences of the plans and events described herein. No one undertakes any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. You should not place any undue reliance on forward-looking statements which speak only as of the date of this ad hoc notification.
For further information: Mutares SE & Co. KGaA Investor Relations Press CROSS ALLIANCE communication GmbH End of Inside Information
18-March-2025 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
Language: | English |
Company: | Mutares SE & Co. KGaA |
Arnulfstr.19 | |
80335 Munich | |
Germany | |
Phone: | +49 (0)89-9292 776-0 |
Fax: | +49 (0)89-9292 776-22 |
E-mail: | ir@mutares.de |
Internet: | www.mutares.de |
ISIN: | DE000A2NB650 |
WKN: | A2NB65 |
Indices: | SDAX |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange |
EQS News ID: | 2102574 |
End of Announcement | EQS News Service |
|
2102574 18-March-2025 CET/CEST