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DGAP-Adhoc: Petro Welt Technologies AG: Joma evaluating a potential squeeze-out of minority shareholders according to sec 1 para 1 of the Austrian Squeeze-out Act (Gesellschafter-Ausschlussgesetz)

eqs_en 
0 0 25.02.22
DGAP-Adhoc: Petro Welt Technologies AG: Joma evaluating a potential squeeze-out of minority shareholders according to sec 1 para 1 of the Austrian Squeeze-out Act (Gesellschafter-Ausschlussgesetz)
 

DGAP-Ad-hoc: Petro Welt Technologies AG / Key word(s): Squeeze Out
Petro Welt Technologies AG: Joma evaluating a potential squeeze-out of minority shareholders according to sec 1 para 1 of the Austrian Squeeze-out Act (Gesellschafter-Ausschlussgesetz)

25-Feb-2022 / 18:10 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.

Vienna, February 25, 2022
Joma Industrial Source Corp. has acquired further shares in Petro Welt Technologies AG ("PeWeTe") and thereby increased its direct and indirect shareholdings to more than 90% of all shares.

Joma Industrial Source Corp. has today informed the management board of PeWeTe that it is currently evaluating the pros and cons of a minority squeeze-out procedure as provided in the Austrian Squeeze-Out Act (Gesellschafter-Ausschlussgesetz). There is no time limit for the decision of the majority shareholder to request a minority squeeze-out. Once Joma has concluded its deliberations, it will inform the management board of PeWeTe of its decision.

About Petro Welt Technologies AG
Petro Welt Technologies AG, headquartered in Vienna, is one of the leading, early established OFS companies in Russia and the CIS, specializing in services to increase the productivity of new and existing oil and gas formations.

Inquiries
Konstantin Huber (Male Huber Friends GmbH)
Investor Relations
T: +43 699 1172 68 14
[email protected]

25-Feb-2022 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
Language: English
Company: Petro Welt Technologies AG
Kärntner Ring 11-13
1010 Vienna
Austria
Phone: +43 1 535 23 20-0
Fax: +43 1 535 23 20-20
E-mail: [email protected]
Internet: www.pewete.com
ISIN: AT0000A00Y78
WKN: A0JKWU
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1289195

 
End of Announcement DGAP News Service

1289195  25-Feb-2022 CET/CEST

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Petro Welt Technologies AG Stock

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A loss of -1.770% shows a downward development for Petro Welt Technologies AG.

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EQS Group is a leading international provider of regulatory technology in the fields of corporate compliance and investor relations. In working with EQS Group, thousands of companies worldwide inspire trust by fulfilling complex national and international disclosure obligations, minimizing risks and communicating transparently with stakeholders.




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