JOST Werke AG: Release according to Article 26, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution
November 01, 2017 at 06:45 am EDT
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DGAP Voting Rights Announcement: JOST Werke AG
JOST Werke AG: Release according to Article 26, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution
01.11.2017 / 11:42
Dissemination of a Voting Rights Announcement transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Dear Sir or Madam,
Referring to the voting rights notification (group notification) pursuant to Secs. 21, 24 WpHG dated 26 October 2017 concerning JOST Werke AG, Siemensstrasse 2, 63263 Neu-Isenberg, Germany, NIBC Bank N.V., The Hague (The Netherlands), acting on its' own behalf as well as on behalf of each, NIBC MBF Equity IB B.V., NIBC Principal Investment Equity B.V. and NIBC Principal Investments B.V. (together the 'Notifying Persons'), herewith notifies you pursuant to Sec. 27a para. 1 WpHG of the following:
1. Purposes of the acquisition of voting rights:
a) The Notifying Persons intend to generate trading profits with the acquisition.
b) The Notifying Persons do not intend to acquire or to otherwise obtain further voting rights in Jost Werke AG within the next twelve months.
c) The Notifying Persons do not intend to exert influence on the appointment or removal of members of the administrative, managing and supervisory bodies of Jost Werke AG.
d) The Notifying Persons do not intend to materially change the issuer's capital structure, in particular, the ratio between equity financing and debt financing, and the dividend policy.
2. Origin of the funds used to acquire voting rights:
Pursuant to Sec. 27a para. 1 sentence 4 WpHG we hereby notify you that NIBC MBF Equity IB B.V. acquired the voting rights in Jost Werke AG from NIBC MBF Mezzanine IB B.V. thereby utilizing own funds for the financing of the acquisition. Regarding the other Notifying Persons, the acquisition of voting rights in Jost Werke AG occurred due to the attribution of the voting rights in accordance with Sec. 22 para 1 sentence 1 no. 1 WpHG. Therefore, they neither utilized equity nor debt financing for the acquisition of voting rights in Jost Werke AG.
01.11.2017 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
JOST Werke AG is a Germany-based company that manufactures truck and commercial vehicle components. The Company provides a wide range of products, such as fifth wheel couplings, telescopic landing gears and accessories for semi trailers, ball bearing turntables, king pins, and container locks and components for alternating systems; towing hitches and drawbar eyes for both transporters and trucks, as well as for use in the agricultural industry; and towing drawbars for both road and agricultural use. The Company's products clustered in three systems: Vehicle Interface (focusing on products required to operate a commercial vehicle combination of trucks and trailers such as fifth wheels and landing gears), Handling Solutions (including container technology and hydraulic cylinders products) and Maneuvering (focusing on truck and trailer axles and forced steering).
JOST Werke AG: Release according to Article 26, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution