FORTEC Elektronik AG: Announcement in accordance with section 43 of the Wertpapierhandelsgesetz (WpHG, German Securities Trading Act)

EQS-News: FORTEC Elektronik Aktiengesellschaft / Key word(s): Miscellaneous
FORTEC Elektronik Aktiengesellschaft: Announcement according to § 43 of the Securities Trading Act (WpHG)
13.10.2023 / 11:14 CET/CEST
The issuer is solely responsible for the content of this announcement.

FORTEC Elektronik AG: Announcement according to § 43 of the German Securities Trading Act (WpHG)

On 18th September 2023, JotWe GmbH and FloJulCosMar GmbH each informed us in accordance with section 33, paragraph 1 of the WpHG that their share of voting rights exceeded the threshold of 25 % on 15th September 2023 and was 25.07 % on this date, as the two shareholders have agreed on the exercise of the voting rights from the shares held by them and have therefore coordinated their activity through a corresponding agreement. Based on this announcement, Mr Joachim Wiegand informed us of the following as the ultimate beneficial owner based on section 37 of the WpHG for JotWe GmbH and JotWe Beteiligungs GmbH & Co.KG in accordance with the requirements of section 43, paragraph 1 of the Wertpapierhandelsgesetz (WpHG, German Securities Trading Act) regarding their aims and the origin of the funds that were used to acquire the voting rights:

• Long-term investment: By acquiring the voting rights, implementation of strategic aims is being pursued.
• No acquisition of further voting rights in the next twelve months: Within the next twelve months, both Mr Joachim Wiegand and JotWe GmbH or JotWe Beteiligungs GmbH & Co.KG do not intend to acquire further voting rights in FORTEC Elektronik AG.
• No exertion of influence on appointments to bodies: Neither Mr Joachim Wiegand nor JotWe GmbH or JotWe Beteiligungs GmbH & Co.KG are currently striving to exert influence on appointments to administration, management and supervisory bodies at FORTEC Elektronik AG. This means that the existing leadership and management structure at the company will remain unchanged.
• No significant changes to the capital structure: Neither Mr Joachim Wiegand not JotWe GmbH or JotWe Beteiligungs GmbH & Co.KG are currently planning any significant changes relating to the capital structure of FORTEC Elektronik AG, particularly with regard to the ratio of internal and external financing, as well as the dividend policy. The existing financing strategy and dividend policy will remain unchanged.
• Acquisition with internal funds: JotWe GmbH acquired the shares of voting rights exclusively with external funds provided by JotWe Beteiligungs GmbH & Co.KG as a shareholder loan.  JotWe Beteiligungs GmbH & Co.KG provided the shareholder loan from its own internal funds.

Sandra Maile

Chair of the Management Board

FORTEC Elektronik AG | Augsburger Str. 2b | 82110 Germering | Germany
Phone: +49 89 894450 232

aktie(at)fortecag.de | www.fortecag.de

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FORTEC Elektronik AG (ISIN Share: DE0005774103, WKN: 577410), based in Germering, Germany, was founded in 1984 as an international distributor of standard solutions in the field of power supplies, embedded systems and displays. In addition, the FORTEC Group today offers customer-specific developments and complete system developments. Since April 2020, FORTEC Elektronik AG has been the holding company responsible for management of the affiliated companies, group strategy and essential parts of the administration. FORTEC Elektronik AG has subsidiaries in Germany, Switzerland, the UK and the USA.

13-Oct-2023 CET/CEST Dissemination of a Corporate News/Financial News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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