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Mutares SE & Co. KGaA
ISIN: DE000A2NB650
WKN: A2NB65
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Mutares SE & Co. KGaA · ISIN: DE000A2NB650 · Newswire (adhoc)
Country: Deutschland · Primary market: Germany · EQS NID: 2102574
18 March 2025 17:06PM

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
Mutares SE & Co. KGaA: Intended reduction of the stake in Steyr Motors AG to strengthen the free float due to very strong investor demand

18-March-2025 / 17:06 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.


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


Munich, 18 March 2025 – Mutares SE & Co KGaA (ISIN DE000A2NB650) ("Mutares") has decided today to increase the free float of Steyr Motors AG (ISIN AT0000A3FW25) ("Steyr") to further diversify Steyr's shareholder base given today's decision of the German Bundestag to amend the constitution providing an opportunity to strengthen the German defense industry and due to very strong demand for shares in Steyr. This is also intended to provide investment opportunities for new investors and to expand investment opportunities for existing investors.

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
Phone +49 89 9292 7760
Email: ir@mutares.com
www.mutares.com

Press

CROSS ALLIANCE communication GmbH
Susan Hoffmeister
Phone +49 89 1250 90330
Email: sh@crossalliance.de
www.crossalliance.de



End of Inside Information

18-March-2025 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com


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

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