Private Placement of Shares in Steyr Motors AG by Mutares

Mutares SE & Co. KGaA has announced its decision to conduct a private placement of up to 1,000,000 shares in Steyr Motors AG. This represents around 19.2% of Steyr's share capital. The placement will occur through an accelerated bookbuilding process, targeting only qualified investors.

The move aligns with Mutares' intention to reduce its stake in Steyr, as first mentioned in March 2025, aiming to enhance Steyr's free float. The private placement process will begin immediately following this announcement and could conclude abruptly.

Following the settlement, Mutares will adhere to a 180-day lock-up period, subject to market exceptions. Hauck Aufhäuser Investment Banking is the primary coordinator and bookrunner for the transaction.