DGAP-Ad-hoc: VOLKSWAGEN AKTIENGESELLSCHAFT / Key word(s): IPO/Letter of Intent
VOLKSWAGEN AKTIENGESELLSCHAFT: The Management Board and the Supervisory Board are dealing with a possible announcement of an Initial Public Offering (IPO) of Dr. Ing. h.c. F. Porsche AG
03-Sep-2022 / 10:45 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The Management Board and the Supervisory Board are dealing with a possible announcement of an Initial Public Offering (IPO) of Dr. Ing. h.c. F. Porsche AG
On 24 February 2022, Volkswagen AG had announced that it would examine the feasibility of a potential IPO of Dr. Ing. h.c. F. Porsche AG. Based on the results of this review, it is intended that the Board of Management and the Supervisory Board of Volkswagen AG will in their meetings on 5 September 2022 deal, among other things, with the question whether a potential IPO of preferred shares in Dr. Ing. h.c. F. Porsche AG at the end of September/beginning of October 2022 should be pursued. In addition, a decision is also to be taken on Volkswagen’s approval of the sale of 25% and one share of the ordinary shares of Dr. Ing. h.c. F. Porsche AG to Porsche Automobil Holding SE. The implementation of a possible initial public offering of the preferred shares and the sale of the ordinary shares is subject to the approval of the Board of Management as well as the Supervisory Board of Volkswagen AG. A final decision has not yet been taken.
Head of Group Treasury and Investor Relations
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