Steyr Motors Sets Placement Price for New Shares

Steyr Motors AG has fixed the placement price for its new shares at EUR 14.00 each. This decision follows a capital increase approved by the Supervisory Board, expanding the company's share capital by EUR 200,000 through the issuance of 200,000 new shares. Shareholders waived their statutory subscription rights during this process.

The new shares, alongside 910,000 existing shares held by major shareholder Mutares SE & Co. KGaA, were placed in a private placement aimed at qualified investors. The total number of shares placed amounts to 1,110,000, accounting for 21.3% of the company's post-capital increase shares, yielding a placement volume of EUR 15.5 million.

B&C Holding Österreich GmbH acquired a 9.9% stake through this transaction, supporting Steyr Motors as a cornerstone investor. The newly issued shares are set to commence trading on the Frankfurt Stock Exchange on October 30, 2024.