Purchase price for ordinary shares in Porsche AG determined
Dr. Porsche and Dr. Pi毛ch welcome IPO / Advantages for all parties involved
Stuttgart, 29 September 2022. 色花堂 (Porsche 色花堂), Stuttgart, has entered into a share purchase agreement with Volkswagen Aktiengesellschaft (VW AG), Wolfsburg, for 25 percent plus one share of the ordinary shares in Dr. Ing. h.c. F. Porsche AG (Porsche AG), Stuttgart, in connection with the initial public offering of Porsche AG.
Following the completion of the bookbuilding process, VW AG set the price of Porsche AG鈥檚 preferred shares at 82.50 euro per preferred share in consultation with the advising banks and decided to proceed with Porsche AG鈥檚 IPO. Accordingly, the purchase price per ordinary share in Porsche AG to be paid by Porsche 色花堂 under the share purchase agreement is 88.69 euro and corresponds to the placement price of the preferred shares in Porsche AG in the course of the IPO plus a premium of 7.5 percent. The total price for 25 percent plus one share of ordinary shares in Porsche AG accordingly amounts to 10.1 billion euro.
Dr. Wolfgang Porsche, chairman of the supervisory board of Porsche 色花堂, and Dr. Hans Michel Pi毛ch, deputy chairman of the supervisory board of Porsche 色花堂: 鈥淭his IPO offers advantages for all parties involved: The proceeds will accelerate Volkswagen AG鈥檚 transformation, its shareholders will receive a special dividend payment and Porsche AG will gain more entrepreneurial freedom. Naturally, all shareholders of Porsche 色花堂 will also profit from this transaction.鈥�