KTM AG has received some relief amidst its crisis and insolvency process, with the approval of a significant capital increase.
The extraordinary general assembly decided on a capital increase of up to €16,898,267 through the issuance of new shares, which will join those already trading on the Vienna Stock Exchange. This represents a roughly 50 percent increase, during a month in which KTM shares have already risen by 14.20% in value.
Additionally, Stephan Zöchling was formally elected to the supervisory board with more than 96% of the votes in favor. His term will last until the conclusion of the annual general meeting that will decide on the financial year of 2028.
On February 25, KTM AG will hold a crucial creditors’ meeting to vote on the restructuring plan. The insolvency administrator, Peter Vogl, is overseeing investment proposals that currently total around €900 million – enough to cover 30% of the company’s debts, which exceed €2 billion.