In the extraordinary general meeting of the Pierer Mobility, mother of the Insolvent motorcycle manufacturer KTM, new money has to be set up on Friday morning. In order to reach the renovation plan with a bar quota of 30 percent on 23 May, a capital increase of 350 million euros is required. However, nothing will be for the time being.
In fact, the decision on agenda 2 and 3 was, however, these points had to be canceled because the capital measures could not be implemented “under the proposed conditions and within the time frame”, as the company announced on Tuesday evening in an AD HOC report.
Annual financial report postponed
Now society is working with the nuclear shareholder on an alternative to the application of the amount of own funds that is necessary to fulfill the rates of the renovation plan, “said it. All capital measures must be decided during a later general meeting.
Pierer Mobility also postponed the annual financial report that was announced at the end of April. However, additional financial indicators must be published next week.
Source: Krone
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