PRESS RELEASE

from Schaeffler AG (isin : DE000SHA0159)

Announcement on the suspension and resumption of trading in Schaeffler shares

EQS-News: Schaeffler AG / Key word(s): Miscellaneous
Announcement on the suspension and resumption of trading in Schaeffler shares

27.09.2024 / 16:05 CET/CEST
The issuer is solely responsible for the content of this announcement.


 
Announcement on the suspension and resumption of trading in Schaeffler shares
 
 

Herzogenaurach, Germany | September 27, 2024 | Schaeffler AG (Common shares: ISIN DE000SHA0019 / WKN: SHA001) expects the merger of Vitesco Technologies Group AG (ISIN: DE000VTSC017 / WKN: VTSC01) with Schaeffler AG by means of merger by absorption in exchange for the granting of shares in Schaeffler AG to the existing shareholders of Vitesco Technologies Group AG to take effect on October 1, 2024 upon entry of the merger into the commercial register of Schaeffler AG. The conversion of the common non-voting shares of Schaeffler AG (ISIN: DE000SHA0159 / WKN: SHA015) into common shares of the company is also expected to take effect on October 1, 2024.

In this conjunction, the Frankfurt Stock Exchange will suspend trading in the common non-voting shares of Schaeffler AG and the shares of Vitesco Technologies Group AG before the start of trading on October 1, 2024. This means that September 30, 2024 will be the last trading day for the common non-voting shares of Schaeffler AG and the shares of Vitesco Technologies Group AG. Trading in the common shares of Schaeffler AG is expected to begin on October 2, 2024. Schaeffler AG will inform the capital market about further developments in accordance with its statutory obligations.

 

 

 

Forward-looking statements and projections

Certain statements in this press release are forward-looking statements By their nature, forward-looking statements involve a number of risks, uncertainties and assumptions that could cause actual results or events to differ materially from those expressed or implied by the forward-looking statements. These risks, uncertainties and assumptions could adversely affect the outcome and financial consequences of the plans and events described herein. No one undertakes any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. You should not place any undue reliance on forward-looking statements which speak only as of the date of this press release. Statements contained in this press release regarding past trends or events should not be taken as representation that such trends or events will continue in the future. The cautionary statements set out above should be considered in connection with any subsequent written or oral forward-looking statements that Schaeffler, or persons acting on its behalf, may issue.

 

 

Schaeffler Group – We pioneer motion

The Schaeffler Group has been driving forward groundbreaking inventions and developments in the field of motion technology for over 75 years. With innovative technologies, products, and services for electric mobility, CO₂-efficient drives, chassis solutions, Industry 4.0, digitalization, and renewable energies, the company is a reliable partner for making motion more efficient, intelligent, and sustainable – over the entire life cycle. The Motion Technology Company manufactures high-precision components and systems for drive train and chassis applications as well as rolling and plain bearing solutions for a large number of industrial applications. The Schaeffler Group generated sales of EUR 16.3 billion in 2023. With around 84,000 employees, the Schaeffler Group is one of the world’s largest family-owned companies and ranks among Germany’s most innovative companies.

 

 

Contact

 

Dr. Axel Lüdeke
Head of Group Communications
& Public Affairs
Schaeffler AG, Herzogenaurach
+49 9132 82 8901
axel.luedeke@schaeffler.com
 
Heiko Eber
Head of Investor Relations
 
Schaeffler AG, Herzogenaurach
+49 9132 82 88125
heiko.eber@schaeffler.com       
 
Matthias Herms
Head of Communications Finance and Sustainability
Schaeffler AG, Herzogenaurach
+49 9132 82 37314
matthias.herms@schaeffler.com
Johann Eisenmann
Senior Manager Investor Relations
 Schaeffler AG, Herzogenaurach
+49 9132 82 4440
ir@schaeffler.com

 

 

                   

 

 



27.09.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language:English
Company:Schaeffler AG
Industriestr. 1-3
91074 Herzogenaurach
Germany
Phone:09132 - 82 0
E-mail:ir@schaeffler.com
Internet:www.schaeffler.com
ISIN:DE000SHA0159
WKN:SHA015
Indices:SDAX
Listed:Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID:1997227

 
End of NewsEQS News Service

1997227  27.09.2024 CET/CEST

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