VARTA AG Anticipates Imminent Capital Restructuring and Delisting

VARTA AG, based in Ellwangen, has announced expected short-term effects of capital measures that will result in the cancellation of its existing shares and subsequent delisting. The company's share capital will be reduced to zero, and a simultaneous capital increase will occur, excluding public subscription rights, as part of a legally binding restructuring plan.

The board, supported by the supervisory board, has approved these measures. The new shares will be subscribed by a company controlled by existing majority shareholder Dr. Michael Tojner's MT InvestCo, together with Porsche and associated entities.

The capital reduction means previous shareholders will lose their shares without compensation, and share listings will be terminated. Following the restructuring, VARTA AG plans to facilitate a €60 million super senior loan. MT InvestCo and Porsche will contribute €40 million in cash and €20 million in real estate value to the capital reserve, ensuring long-term financial stability for the company.