ATB Austria Antriebstechnik AG

Majority shareholder intends to acquire the remaining shares

Adhoc announcement according to article 48d section 1 BörseG

Vienna (pta035/19.05.2015/19:00) - The Executive Board of ATB Austria Antriebstechnik AG (ISIN AT0000617832) ("ATB" or the "Company") announces as follows: Wolong Investment GmbH, ATB's majority shareholder, registered with the companies register of the Vienna Commercial Court under FN 368336x, informed the executive Board of the Company about its intentions to acquire all remaining shares of ATB by virtue of the exclusion of ATB's minority shareholders. Wolong Investment GmbH currently holds approx. 99% of ATB's share capital. The exclusion of the minority shareholders will be realized by application of the Shareholder Exclusion Code (Gesellschafterausschlussgesetzes [ BGBl. I Nr. 75/2006 ] . A decision approving the shareholder exclusion will be taken by an extra ordinary shareholder meeting, to be announced. The shareholder exclusion will presumably be performed in the 3rd and 4th quarter 2015. The minority shareholders will receive a cash compensation for their shares in line with the applicable provisions of the Shareholders Exclusion Code. Once the Company has received Wolong Investment GmbH's request for calling a shareholder meeting with the agenda of the exclusion of the minority shareholders, ATB will announce the further proceedings to be performed in line with the applicable provisions in particular of the Shareholder Exclusion Code. The acquisition of the entire shares in ATB by Wolong Investment GmbH will lead to a delisting of ATB from the Vienna Stock Exchange.

Note This report includes statements about possible future events. These statements have been prepared based on information currently available. They reflect the Managing Board's current assessment of future events and should not be taken as guarantees of future performance; they include risks and uncertainties which are difficult to predict. A wide variety of reasons could cause actual results or circumstances to differ fundamentally from the assumptions made in the statements.



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emitter: ATB Austria Antriebstechnik AG address: Donau-City-Straße 6/15a, 1220 Wien country: Austria contact person: Investor Relations phone: [phone] e-mail: [e-mail] website: www.atb-motors.com

ISIN(s): AT0000617832 (share) stock exchanges: official trade in Vienna

[ source: http://www.pressetext.com/news/20150519035 ]