Pierer Industrie AG: LEONI AG - Core shareholder Pierer announces election proposal for next Supervisory Board election

Wels (pta043/02.12.2021/18:30) - Today, PIERER Industrie AG informed the Management Board and Supervisory Board of LEONI AG that it will submit its own proposal for the re-election of the expiring Supervisory Board mandates at the next Annual General Meeting of LEONI AG.

Including the existing proxy voting rights, Pierer Industrie AG currently holds a total of 5,059,312 voting rights of LEONI AG; this corresponds to 15.49% of the voting rights and thus exceeds 10% of the share capital.

With the election proposal for up to 6 shareholder representatives, candidates will be nominated who bring the highest degree of industry and re-structuring experience to support the Management Board of LEONI AG in the strategical re-positioning of the company.

The necessary antitrust approval will be applied by Pierer Industrie AG in coordination with LEONI AG.

About the Pierer Industrie-Group:
The Pierer Industrie-Group is an Austrian industrial group with a focus on the production of "Powered- Two Wheelers" and the automotive high-tech supply sector. The Group currently employs approx. 10,000 people worldwide with a group turnover of approx. EUR 2.8 billion.

(Ende)