Kostad AG: Subsidiary Kostad Steuerungsbau GmbH and Wien Energie conclude negotiation procedure

Kostad Steuerungsbau GmbH assumes placement of order after technical acceptance

Ebreichsdorf (pta024/01.12.2022/12:59) - The management of Kostad Steuerungsbau GmbH has been informed about the recorded course of the negotiation procedure and assumes that an order will be placed in case of a positive review of the prototypes.
Furthermore, both sides have agreed on an additional discussion on the steel price development.

The order is worth approximately EUR 4 million. The order consists of the supply of further charging infrastructure to Wien Energie for installation in public areas. The order is to be fulfilled in the course of 2 years.

As the award of the contract already appears sufficiently probable, this notification was to be made.

Ebreichsdorf, on 01.12.2022

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Legal Notice / Disclaimer:

This notification is a mandatory notification pursuant to Art 17 of the Market Abuse Regulation. This notification does not constitute an offer to purchase securities or a solicitation of an offer to purchase securities of Kostad AG. Any possible future offer of securities of the company will be made in accordance with and on the basis of the applicable capital market law requirements.

THIS NOTICE IS NOT FOR PUBLICATION, DISTRIBUTION OR TRANSMISSION, DIRECTLY OR INDIRECTLY, IN PART OR IN WHOLE, IN THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR SOUTH AFRICA OR OTHER COUNTRIES WHERE PUBLICATION OR TRANSMISSION WOULD BE UNLAWFUL.

Enquiry and contact:

Kostad AG

Park avenue 20

2483 Ebreichsdorf

A-Austria

ISIN: ATKOSTADAG01

+43 2254 722 68 0

office@kostadag.at

Contact:in:

Köstenberger Günter jun., Board of Directors

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