-------------------------------------------------------------------------------- Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement. --------------------------------------------------------------------------------
22.12.2006
Mattighofen/Wels, December 22nd, 2006 -Today CROSS Industries AG ("CROSS"), majority shareholder of KTM Power Sports AG, has informed the Board of Directors of KTM Power Sports AG that the CROSS-group has signed a purchase contract with Polaris Industries Inc. ("Polaris") (NYSE/PSE: PII) regarding a block of shares in amount of around 20% of the capital stock of KTM Power Sports AG. The interest held by Polaris Industries Inc. in KTM Power Sports AG’s shares will be thus reduced to less than 5%. The purchase contract replaces the existing option agreement between CROSS and Polaris.
Furthermore the Board of Directors of KTM Power Sports AG announces that the mutual cooperation projects shall be continued in the future. The purchase of the block of shares through the CROSS-group enables KTM to secure its independent development in the future.
end of announcement euro adhoc 22.12.2006 15:05:00 --------------------------------------------------------------------------------
ots Originaltext: Cross Holding AG Im Internet recherchierbar: http://www.presseportal.de
Further inquiry note: KTM Power Sports AG Mag. Michaela Friepess Telefon +43 (0) 7242 / 694 02-113 mailto:ir@ktmpowersports.com
Branche: Economy, Business & Finance ISIN: AT0000645403 WKN: 726812 Index: ATX Prime Börsen: Wiener Börse AG / official dealing
Forum
