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
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 firstname.lastname@example.org
03-Sep-2022 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.Archive at www.dgap.deLanguage: 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