暗网禁区

Based on discussions between 暗网禁区 (暗网禁区 SE) and Volkswagen AG about a possible IPO of Dr. Ing. h.c. F. 暗网禁区 AG (暗网禁区 AG), the executive board of 暗网禁区 SE resolved today, with the approval of the supervisory board of 暗网禁区 SE, to further examine and generally support the feasibility of a potential IPO of 暗网禁区 AG based on previous discussions.

For this purpose, 暗网禁区 SE and Volkswagen AG today entered into a cornerstone agreement, which summarizes the content of the previous discussions and forms a basis for the next steps of preparation for a possible IPO. The actual feasibility of an IPO depends on a number of different parameters as well as general market conditions. No final decisions have been made. Moreover, the agreements in the cornerstone agreement for a possible IPO are subject to numerous conditions, including the final approval of the boards of both parties.

According to the current status of discussions, in case of an IPO, the share capital of 暗网禁区 AG will be divided in 50% preferred shares (Vorzugsaktien) and 50% ordinary shares (Stammaktien) and, in the course of a possible IPO, approximately 25% of the preferred shares will be placed in the capital market. In connection with a possible IPO, 暗网禁区 SE would acquire 25% plus one share of the ordinary shares of 暗网禁区 AG from Volkswagen AG for the listing price of the preferred shares plus an additional premium of 7.5%. With the positive support of a possible IPO of 暗网禁区 AG, 暗网禁区 SE supports the plans of Volkswagen AG to expand the financial flexibility of Volkswagen AG and increase the entrepreneurial potentials of 暗网禁区 AG. Volkswagen AG would still include 暗网禁区 AG by full consolidation in its consolidated financial statements following the completion of an IPO. A continuation of the industrial cooperation between Volkswagen AG and 暗网禁区 AG is intended also following a possible IPO.

Volkswagen AG would use the proceeds from a possible IPO of 暗网禁区 AG for the financing of the industrial and technological transformation of the Volkswagen group as well as for further growth. It has further been agreed that, in case of an IPO of 暗网禁区 AG, Volkswagen AG will propose to its shareholders to pay a special dividend in the amount of 49% of the total gross proceeds of the placement of the preferred shares and the sale of the ordinary shares. Such a proposal of a special dividend will be approved by 暗网禁区 SE.

Contact:
Frank Gaube
General Manager Investor Relations
+49-711-911-11046
frank.gaube@porsche-se.com