EANS-News: KTM Power Sports AG
Capital increase completed successfully

   

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Restructuring & Recapitalisations


Mattighofen (euro adhoc) - KTM Capital increase completed successfully

>> Strengthening of share capital by EUR 14.0 million by issuance of
400,000 new bearer shares

-- thereof EUR 12.4 million capital increase against contribution in kind
-- and EUR 1.6 million capital increase against contribution in cash
-- Main shareholders CROSS Industries AG with 50.1% and Bajaj with
39.79% of share capital

Mattighofen, 21.06.2011 - KTM successfully completes a capital increase against
contribution in cash and contribution in kind.

As of June 15, 2011 - the end of the subscription period - the share capital of
KTM Power Sports AG was increased against contribution in cash and contribution
in kind from EUR 10,109,000 to a total of EUR 10,509,000. In accordance with the
resolution of the General Meeting of 26 April 2011 the share capital was
increased against contribution in kind by EUR 355,000.00 through the issue of
355,000 bearer shares at a par value of EUR 1.00 each, and against contribution
in cash by EUR 45,000 through the issue of 45,000 bearer shares at a par value
of EUR 1.00, hence a total of EUR 400,000 through issuance of 400,000 bearer
shares at a par value of EUR 1.00. The issue price per share amounted to EUR
35.00.

The capital increase against contribution in kind was done through a 
contribution of 99% of KTM Immobilien GmbH, FN 351879 w, held by CROSS
Industries AG. Thus, the so-called "KTM-real estate" bundled in KTM Immobilien
GmbH and held by CROSS Industries AG were acquired by KTM Power Sports AG and
concurrently strengthened their equity capital base. The volume of the capital
increase against contribution in kind equals EUR 12,425,000.00

At the time the capital increase against contribution in cash was decided upon,
also the capital increase against contribution in kind was fixed. The
subscription right was addressed solely to existing shareholders. Since the core
shareholders CROSS Industries AG and Bajaj Auto International Holding
B.V. waived their subscription rights in the run-up, all other existing
shareholders had the chance to compensate the dilution from the capital increase
against contribution in kind. A total of 32,231 new shares were subscribed,
Bajaj Auto International Holding B.V. took over the remaining shares. The volume
of the capital increase against contribution in cash equals EUR 1,575,000.00

The capital increase was registered June 18, 2011; the first trading date of the
new shares is June 21,2011. As of January 1, 2011 the new shares are entitled to
dividend payments. As of June 21, 2011 a total of 10,509,000 shares, the total
share capital of KTM Power Sports AG, are admitted to trading at the Vienna
Stock Exchange.

Shareholder structure
As of today CROSS Industries AG remains the majority shareholder of KTM Power
Sports AG with 50.1 % of the share capital, the share of Bajaj Auto
International Holding B.V. amounts to 39.79%. The free float of stock including
Hofer Privatstiftung amounts to 10.11 %.


Further inquiry note:
KTM Power Sports AG
Mag. Viktor Sigl MBA
Tel: +43 7742 6000 144
Mail to: viktor.sigl@ktm.at

end of announcement                               euro adhoc 
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company:     KTM Power Sports AG
             Stallhofnerstraße 3
             A-5230 Mattighofen
phone:       +43(0)7742/6000-0
FAX:         +43(0)7742/6000-5216
mail:     ir@ktmpowersports.com
WWW:      www.ktm.com
sector:      Technology
ISIN:        AT0000645403
indexes:     mid market
stockmarkets: official market: Wien 
language:   English