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PIERER Mobility AG: Restructuring plans for KTM AG, KTM Components GmbH, and KTM Forschungs & Entwicklungs GmbH are legally binding
- Restructuring plans for KTM companies confirmed legally.
- 30% of recognized claims to be paid to creditors.
- Production ramp-up planned for end of July 2025.
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EQS-News: PIERER Mobility AG / Key word(s): Miscellaneous Corporate News |
Wels, June 17, 2025
PIERER Mobility AG: Restructuring plans for KTM AG, KTM Components GmbH, and KTM Forschungs & Entwicklungs GmbH are legally binding
The Regional Court of Ried im Innkreis has confirmed the restructuring plans for KTM AG, KTM Components GmbH, and KTM Forschungs & Entwicklungs GmbH after the two-week appeal period expired. This means that the restructuring proceedings for the three KTM companies have been successfully completed and concluded. The respective restructuring administrators will transfer the agreed quota of 30% of the recognized claims to the creditors.
Gottfried Neumeister, CEO of PIERER Mobility AG: "I am relieved and grateful that we have finally been able to close this difficult chapter. Our focus is now on ramping up production at the end of July and realigning the group. I would like to take this opportunity to express my special thanks, recognition, and appreciation to Dr. Ulla Reisch, one of the best insolvency law experts in our country, who guided us through these three proceedings not only with her expertise but also with her tireless commitment."
For further information:
Investor Relations
Hans Lang & Melinda Busáné Bellér
Tel: +43 676 4140945 or +43 676 4093711
Email: ir@pierermobility.com
Website: https://www.pierermobility.com
17.06.2025 CET/CEST This Corporate News was distributed by EQS Group. www.eqs.com
| 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: | 2156142 |
| Valorennummer (Schweiz): 41860974 Wertpapierkürzel: PKTM Bloomberg: PKTM SW; PKTM AV Reuters: PKTM.S; PKTM.VI |
| End of News | EQS News Service |
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2156142 17.06.2025 CET/CEST
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