PIERER Mobility AG, Wels, Austria, a leading manufacturer of powered two-wheelers, successfully completed a capital increase in the amount of EUR 895 million by way of contribution in kind of 46.5% of the shares in KTM AG on 22 October 2021. The newly created shares have, inter alia, been listed and admitted to trading on SIX Swiss Exchange, and trading in such shares has commenced on 25 October 2021.
Schellenberg Wittmer represented PIERER Mobility AG as Swiss counsel in connection with the listing and admission to trading of the newly created shares on SIX Swiss Exchange, including the prospectus approval procedure by way of an automated prospectus recognition for foreign prospectuses pursuant to the new Swiss Financial Services Act. The team included Philippe Borens, Fabio Elsener and Andrea Andelic (all Capital Markets / Banking & Finance) and Elia Schunk (Corporate and M&A).
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