KTM Industries AG

KTM Industries succeeds in arbitration proceedings regarding the sale of the Peguform-Group

Business news for the stock market

Wels (pta005/24.02.2017/07:00) - The arbitration proceedings regarding the sale of the Peguform Group in the year 2012, which has been pending for about 4 years with a German arbitration court, was decided to one hundred percent in favor of PF Beteiligungsverwaltungs GmbH, a 100% subsidiary of KTM Industries AG. The arbitration court rejected the claim of the buyer as unfounded.

The remaining purchase price of about EUR 20.4 million, that has been stored in a trust account since the sale of the shareholding, will now be allocated entirely to the KTM Industries corporate group. The plaintiff was sentenced to replace the bulk of the litigation costs and the court fees that incurred for KTM Industries.

For additional information:
Investor Relations
Mag. Michaela Friepeß
Tel.: [phone] / 69402
[e-mail]
Website: www.ktm-industries.com
ISIN: AT0000820659
Ticker symbol: KTMI
Reuters: KTMI:VI
Bloomberg: KTMI:AV

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emitter: KTM Industries AG
address: Edisonstraße 1, 4600 Wels
country: Austria
contact person: Mag. Michaela Friepeß
phone: [phone]
e-mail: [e-mail]
website: www.ktm-industries.com

ISIN(s): AT0000500913 (bond), AT0000820659 (share), AT0000A0WQ66 (bond), AT0000A1MBL8 (bond)
stock exchanges: official trade in Vienna; open market (free market) in Frankfurt

[ source: http://www.pressetext.com/news/20170224005 ]