PIERER Mobility AG Faces Capital Challenges and Proposes Measures

PIERER Mobility AG has announced a significant loss of half of its share capital for the 2024 financial year, necessitating an Extraordinary General Meeting (EGM). The meeting is scheduled for April 25, 2025, at the House of Brands in Munderfing. This decision follows a pronounced decline in operating performance and restructuring expenses, leading to negative equity expected as of December 31, 2024.

To address the capital loss, the company plans capital measures with an issue price of €7.50 per share. The proposal includes a cash capital increase of up to €150 million, offering statutory subscription rights to shareholders. Additionally, a non-cash capital increase of €200 million is proposed, involving Pierer Bajaj AG, which will contribute previously extended loans.