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Porsche Automobil Holding SE
ISIN: DE000PAH0038
WKN: PAH003
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Porsche Automobil Holding SE · ISIN: DE000PAH0038 · EQS - adhoc news (18 News)
Country: Germany · Primary market: Germany · EQS NID: 1431477
03 September 2022 10:49AM

Porsche Automobil Holding SE: Advanced discussions regarding acquisition of 25% plus one share of the ordinary shares in Dr. Ing. h.c. F. Porsche AG in connection with possible IPO


DGAP-Ad-hoc: Porsche Automobil Holding SE / Key word(s): Miscellaneous/IPO
Porsche Automobil Holding SE: Advanced discussions regarding acquisition of 25% plus one share of the ordinary shares in Dr. Ing. h.c. F. Porsche AG in connection with possible IPO

03-Sep-2022 / 10:49 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Porsche Automobil Holding SE (“Porsche SE“) is currently in advanced discussions with VOLKSWAGEN AKTIENGESELLSCHAFT (“VW AG“) regarding the conclusion of a share purchase agreement for 25% plus one share of the ordinary shares in Dr. Ing. h.c. F. Porsche AG (“Porsche AG“) as well as related further agreements in connection with a possible IPO of Porsche AG. The executive board of Porsche SE, in unison with VW AG, has therefore resolved today, with the approval of the competent committee of the supervisory board, to convene further board meetings (executive board and supervisory board) for September 5, 2022 in order to resolve on the next steps with regard to the possible acquisition of these shares in Porsche AG by Porsche SE and the related IPO of Porsche AG.

If the boards of both companies reach an understanding to further pursue the transaction (acquisition of 25% plus one share of the ordinary shares and IPO), the execution of the agreements and thus the implementation of the IPO of Porsche AG would be subject to general market developments, further assessments and board resolutions.


Contact:
Frank Gaube
General Manager Investor Relations
+49-711-911-11046
frank.gaube@porsche-se.com


03-Sep-2022 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: Porsche Automobil Holding SE
Porscheplatz 1
70435 Stuttgart
Germany
Phone: +49 (0)711 911-11046
Fax: +49 (0)711 911-11819
E-mail: InvestorRelations@porsche-se.com
Internet: www.porsche-se.com
ISIN: DE000PAH0038
WKN: PAH003
Indices: DAX
Listed: Regulated Market in Berlin, Frankfurt (General Standard), Munich, Stuttgart; Regulated Unofficial Market in Dusseldorf, Hamburg, Hanover, Tradegate Exchange
EQS News ID: 1431477

 
End of Announcement DGAP News Service

1431477  03-Sep-2022 CET/CEST

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