Rußbach, July 10, 2025
Following the ad hoc notification of July 1, 2025, concerning the exercise of the auditor's right of speech pursuant to Section 273 (2) of the Austrian Commercial Code (UGB), RWT AG announces the following supplementary facts:
- Cancellation of dividend distribution at the subsidiary
The pro-rata dividend payment for the 2024/2025 fiscal year that had already been resolved for RWT Hornegger & Thor GmbH, a 100%subsidiary of RWT AG, will not be made.
The economic development of the subsidiary in the current fiscal year necessitates refraining from the distribution pursuant to § 82 para. 5 GmbHG.
2 Expected balance sheet loss of RWT AG
Due to the lack of dividend income from the subsidiary, the management of RWT AG expects a Balance sheet loss in the annual financial statements as of January 31, 2025.
- RWT AG no dividend payment
As a result of the anticipated balance sheet loss, RWT AG will not distribute a dividend in fiscal year 2025. This decision is not a change in dividend policy but arises from the balance sheet situation.
- Implementation of a recommended impairment test
The one recommended by the auditor according to § 273 para. 2 UGB Impairment Test of the Carrying Amount of Investments The RWT Hornegger & Thor GmbH conducted a review. The objective was to clarify whether an unscheduled write-down was required according to § 204 para. 2 UGB. The basis for the recommendation of an impairment test was the impact of the insolvency of the major customer KTM. The impairment test took into account the resumed orders from KTM as well as newly established customer relationships that have been successfully forged in the meantime, within the framework of the updated company plan for the impairment test.
Legal Notice / Disclaimer:
This announcement is a mandatory disclosure in accordance with Article 17 of the Market Abuse Regulation. This announcement does not constitute an offer to purchase securities or an invitation to submit an offer to purchase securities of RWT AG. Any future offering of securities of the company will be made in compliance with and based on the applicable capital market regulations.
THIS COMMUNICATION IS NOT FOR PUBLICATION OR DISTRIBUTION OR FORWARDING, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, OR SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE SUCH PUBLICATION OR FORWARDING WOULD BE UNLAWFUL.
Follow-up request and contact information:
RWT AG
Gseng 90
A-5442 Russbach
Austria
Contact person:
Reinhard Thor
+43 6242 471
r.thor@r-w-t.com