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Monday 14 June, 2021

JOST Werke AG

Release according to Article 40, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution

DGAP Voting Rights Announcement: JOST Werke AG
JOST Werke AG: Release according to Article 40, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution

14.06.2021 / 10:17
Dissemination of a Voting Rights Announcement transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


On June 11, 2021, Kai Möhrle notified JOST Werke AG in accordance with Section 43 WpHG in connection with reaching or exceeding the 10% threshold pursuant to the voting rights notification dated May 25, 2021, and the correction of the same dated June 10, 2021, of the following:


Dear Sir or Madam,

Subsequent to the Group voting rights notification sent by me for myself and the PMF Vermögensverwaltungs GmbH & Co. KG, the associated company PMF Vermögensverwaltungs GmbH, the PMF Holding GmbH & Co. KG, Peter Möhrle Holding GmbH & Co. KG (formerly Peter Möhrle GmbH & Co. KG), and the Vierunddreißigste PMB Management GmbH (hereinafter the Notifying Parties) dated May 25, 2021, and the correction of the same dated June 10, 2021, I hereby inform you about the objectives pursued with the acquisition of the voting rights and the origin of the funds used for the acquisition.

Pursuant to Section 43 of the German Securities Trading Act (WpHG), the Notifying Parties disclose the following:

1.   Objectives of the acquisition of voting rights (Sec. 43 (1) Sentence 3 WpHG)

(a)   The acquisition of the voting rights in JOST Werke AG by the Notifying Parties took place (indirectly) through the Vierunddreißigste PMB Management GmbH. The investment is regarded as a long-term strategic investment. 

(b)   Depending on the stock market price and the general economic situation of JOST Werke AG, the Notifying Parties intend to acquire further voting rights in the Company within the next twelve months, if applicable.

(c)    An influence on the appointment of members of the Executive Board or Supervisory Board of the JOST Werke AG is sought by the Notifying Parties. In particular, the Notifying Parties aim to have at least one candidate supported by the Peter Möhrle Group elected to the Supervisory Board of JOST Werke AG. 

(d)   In principle, the Notifying Parties currently do not seek any material change in the capital structure of the JOST Werke AG. With regard to the dividend policy, however, the Notifying Parties support the approach of primarily maintaining and further improving the financial flexibility and strengthening of the financial power of JOST Werke AG to finance further growth, and to pursue the goal of the highest possible distributions only as a subordinate priority.

2.   Origin of the funds used to purchase the voting rights (Sec. 43 (1) Sentence 4 WpHG)

The Notifying Parties (with the exception of the Vierunddreißigste PMB Management GmbH) did not use any own or third-party funds to indirectly acquire the voting rights. The Vierunddreißigste PMB Management GmbH exclusively used funds of the Peter Möhrle Group to acquire the voting rights. 

Hamburg, June 11, 2021

Sincerely

Kai Möhrle   


14.06.2021 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: JOST Werke AG
Siemensstraße 2
63263 Neu-Isenburg
Germany
Internet: www.jost-world.com

 
End of News DGAP News Service

1207572 14.06.2021 

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