EQS-Adhoc: Petro Welt Technologies AG: Joma evaluating a potential squeeze-out of minority shareholders according to sec 1 para 1 of the Austrian Squeeze-out Act (Gesellschafter-Ausschlussgesetz)

EQS-Ad-hoc: Petro Welt Technologies AG / Key word(s): Squeeze Out
Petro Welt Technologies AG: Joma evaluating a potential squeeze-out of
minority shareholders according to sec 1 para 1 of the Austrian
Squeeze-out Act (Gesellschafter-Ausschlussgesetz)

25-Feb-2022 / 18:10 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the
Regulation (EU) No 596/2014, transmitted by EQS – a service of EQS Group
AG.
The issuer is solely responsible for the content of this announcement.

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Vienna, February 25, 2022
Joma Industrial Source Corp. has acquired further shares in Petro Welt
Technologies AG („PeWeTe“) and thereby increased its direct and indirect
shareholdings to more than 90% of all shares.

Joma Industrial Source Corp. has today informed the management board of
PeWeTe that it is currently evaluating the pros and cons of a minority
squeeze-out procedure as provided in the Austrian Squeeze-Out Act
(Gesellschafter-Ausschlussgesetz). There is no time limit for the decision
of the majority shareholder to request a minority squeeze-out. Once Joma
has concluded its deliberations, it will inform the management board of
PeWeTe of its decision.

About Petro Welt Technologies AG
Petro Welt Technologies AG, headquartered in Vienna, is one of the
leading, early established OFS companies in Russia and the CIS,
specializing in services to increase the productivity of new and existing
oil and gas formations.

Inquiries
Konstantin Huber (Male Huber Friends GmbH)
Investor Relations
T: +43 699 1172 68 14
huber@mhfriends.at

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25-Feb-2022 CET/CEST News transmitted by EQS Group AG. www.eqs.com

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Language: English
Company: Petro Welt Technologies AG
Kärntner Ring 11-13
1010 Vienna
Austria
Phone: +43 1 535 23 20-0
Fax: +43 1 535 23 20-20
E-mail: ir@pewete.com
Internet: www.pewete.com
ISIN: AT0000A00Y78
WKN: A0JKWU
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1289197

 
End of Announcement EQS News Service

1289197  25-Feb-2022 CET/CEST

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