KTM to de-list from the stock exchange

If you’ve got shares, KTM plans to buy them back

0
Visordown News's picture
Submitted by Visordown News on Thu, 31/03/2016 - 13:07

KTM IS hoping to buy back shares sold in the company and de-list from the Vienna Stock Exchange following its annual shareholders’ meeting later this month.

The firm will be making a cash offer to all free-float shareholders at €122.50 per share, which is the average price of the shares over the last six months.

Not that many people will be in a position to take advantage of that offer, as only 0.6% of the company’s shares are currently floated, with the remaining 99.4% held by its two main partners. CROSS KraftFahrZeug Holding GmbH, the firm owned by KTM boss Stefan Pierer, is the majority shareholder with 51.4% of the company, while Indian firm Bajaj owns 48%.

The buyback will bring the holdings of those two partners up fractionally and remove the firm from the stock exchange.

  • Sign up for Visordown's weekly newsletter, Bugsplat, to get the best motorcycle news, road tests and features plus exclusive competitions and offers direct to your inbox. Register as a Visordown member here and tick the box for Bugsplat in your newsletter settings here.

Follow Visordown

Latest News

Latest Features

Latest Bike Reviews

Crash Media Group
Visordown is part of the CMG Full Throttle Network© : welcoming over 3 million consumers each month