11.10.2023 20:13:15 - EQS-News: Petro Welt Technologies AG: Payment of cash compensation

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EQS-News: Petro Welt Technologies AG / Key word(s): Squeeze Out
Petro Welt Technologies AG: Payment of cash compensation
2023-10-11 / 20:13 CET/CEST
The issuer is solely responsible for the content of this announcement.
PRESS RELEASE
Vienna, October 11, 2023
The cash compensation in the amount of EUR 2.234327 per share of Petro Welt Technologies AG was paid out to the former
minority shareholders on October 9, 2023 in accordance with the legal requirements. The amount of the cash compensation
consists of the cash compensation of EUR 2.20 resolved at the Annual General Meeting held on June 27, 2023 and the
statutory interest until the due date in the amount of EUR 0.034327. The payment of the cash compensation was made
automatically.
Furthermore, on October 9, 2023, the cash settlement claims, ISIN AT0000A35J35, of the former minority shareholders
were derecognized and in the event of a judicial review of the cash compensation one claim for subsequent increase of
the cash compensation, ISIN AT0000A35J43, was recognized for each cash settlement claim. If the former minority
shareholders are awarded a higher cash compensation in the course of the judicial review, the amount of increase will
also be automatically paid out to the former minority shareholders against derecognition of the claims for subsequent
increase of the cash compensation.
About Petro Welt Technologies AG
Petro Welt Technologies AG, a company domiciled in Vienna, Austria, had been one of the leading and oldest oilfield
services (OFS) companies in Russia and the CIS specializing in services that increase the productivity of both new and
existing oil & gas formations. Against the backdrop of the sanctions against Russia, the company has sold all its
subsidiaries in this market and now operates exclusively in Kazakhstan.
Contact
Konstantin Huber (Male Huber Friends GmbH)
Investor Relations
T: +43 699 1172 68 14
huber@mhfriends.at

2023-10-11 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com
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1746879 2023-10-11 CET/CEST

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END) Dow Jones Newswires

October 11, 2023 14:13 ET (18:13 GMT)

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