Pankl Racing Systems AG
Pankl Racing Systems AG: Pierer GmbH indirectly takes control over CROSS Industries AG and Pankl Racing Systems AG
Pankl Racing Systems AG / Key word(s): Offer 14.06.2012 08:00 Dissemination of an Ad hoc announcement, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Pierer GmbH indirectly takes control over CROSS Industries AG and Pankl Racing Systems AG Syndicate agreement between Knünz GmbH and Pierer GmbH triggers obligation of CROSS Motorsport Systems AG to make a mandatory bid Kapfenberg, 14 June 2012 The Executive Board of Pankl Racing Systems AG, which shares are listed on the Official Market (Amtlicher Handel) of the Vienna Stock Exchange, was informed by CROSS Motorsport Systems AG that Knünz GmbH and Pierer GmbH entered into a syndicate agreement regarding the exercise of voting rights in Pierer Invest Beteiligungs GmbH on 13 June 2012. The signing of the syndicate agreement leads from joint control of Pierer GmbH and Knünz GmbH over Pierer Invest Beteiligungs GmbH to sole control of Pierer GmbH over Pierer Invest Beteiligungs GmbH, and, as a consequence, to sole control of Pierer GmbH over CROSS Industries AG, CROSS Motorsport Systems AG and Pankl Racing Systems AG. This leads to a change of control in Pankl Racing Systems AG. CROSS Motorsport Systems AG informed the Executive Board of Pankl Racing Systems AG pursuant to §5(3) of the Austrian Take Over Act that by signing of the syndicate agreement circumstances have arisen which trigger CROSS Motorsport Systems AG's obligation to make a mandatory bid for the shares in Pankl Racing Systems AG pursuant to the Austrian Take Over Act. According to the information given by CROSS Motorsport Systems AG, the price of the mandatory bid is expected to be EUR 18.03 per share. --------------------------------------------------------------------------- Information and Explaination of the Issuer to this News: For further information: Investor Relations Brigitte Putz Tel.: +43 3862 33 999 317 e-mail: ir@pankl.com Internet: www.pankl.com 14.06.2012 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Pankl Racing Systems AG Industriestraße West 4 8605 Kapfenberg Austria Phone: +43 3862 33 999 -317 Fax: +43 3862 33 999 -810 E-mail: ir@pankl.com Internet: www.pankl.com ISIN: AT0000800800 WKN: 914732 Listed: Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart; Open Market in Frankfurt; Wien (Amtlicher Handel / Official Market) End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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