PALFINGER AG: Start to the concrete evaluation for the sale of treasury shares through an accelerated private placement process

Based on the valid sale and authorization for use of treasury shares dated April 7, 2021, and the proposed renewal of this authorization by the Executive Board and Supervisory Board at the upcoming 37th Annual General Meeting of PALFINGER AG (FN 33393 h), the Executive Board decided today to start the concrete evaluation for a possible sale of treasury shares through an accelerated private placement process (accelerated bookbuild) excluding the right to purchase (subscription right) of existing shareholders.

Based on this, and in accordance with legal requirements, the company plans to publish a report in April 2025 via an electronically operated information dissemination system and on its website registered in the commercial register, concerning the exclusion of the right to purchase (subscription right) in connection with the possible sale of treasury shares.

The actual implementation of a possible transaction, as well as its exact timing, the concrete volume of treasury shares to be sold and the conditions depend in particular on an attractive capital market environment, the development in price of PALFINGER AG's share on the Vienna Stock Exchange, the interest of potential investors in buying, and the approval of the Supervisory Board of PALFINGER AG, which may be issued two weeks after publication of the above report at the earliest. PALFINGER AG currently holds 2,826,516 treasury shares.

Sales proceeds from a possible transaction could be used, among other things, to expand service structures and make use of growth opportunities, particularly in North America.

Legal notice

This document does not constitute an offer to sell or an encouragement to buy the shares referred to in this document in any legal jurisdiction, including the United States of America, Australia, Canada, or Japan. This document has been created exclusively for the purpose of complying with mandatory legislation. The information it contains may not be distributed in jurisdictions where such distribution is prohibited, and all recipients are requested to find out about any such restrictions and ensure that they comply with them. Any sale of the shares mentioned in this document by Palfinger AG will take place only in accordance with all applicable corporate and securities law regulations, including the expiry of the legal period for excluding the right of purchase for existing shareholders and obtaining of the necessary corporate approvals. In the event of the implementation of a possible transaction, the shares mentioned in this document will only be offered or sold subject to exceptions from the obligation to provide a prospectus as well as registration requirements in all jurisdictions, including the European Union and the United States of America.