from Fox E-mobility AG (isin : DE000A2NB551)
EQS-Adhoc: fox e-mobility AG: Capital Increase and Debt Reduction at Fox Automotive Switzerland AG – Adjustment of Shareholding Value – Departure of Philippe Perret – Financial Reports – Annual General Meeting D
EQS-Ad-hoc: fox e-mobility AG / Key word(s): Significant contracts/Personnel decisions / Executive Board
fox e-mobility AG: Capital Increase and Debt Reduction at Fox Automotive Switzerland AG – Adjustment of Shareholding Value – Departure of Philippe Perret – Financial Reports – Annual General Meeting D
29-May-2026 / 18:50 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group.
The issuer is solely responsible for the content of this announcement.
Capital Increase and Debt Reduction at Fox Automotive Switzerland AG – Adjustment of Shareholding Value – Departure of Philippe Perret – Financial Reports – Annual General Meeting Date
The Management Board of fox e-mobility AG announces that the development, production, and distribution of MIA-type vehicles will now be carried out exclusively by Fox Automotive Switzerland AG, Herisau, Switzerland, and FOXMIA (Germany) GmbH, Munich.
For this purpose, the share capital of Fox Automotive Switzerland AG was increased from CHF 105,500 to CHF 1,000,000. The capital increase was subscribed exclusively by creditors of Fox Automotive Switzerland AG without any participation from fox e-mobility AG and was registered in the Commercial Register. This resulted in a reduction of fox e-mobility AG's shareholding from 100% to 10.55% and a complete debt reduction for Fox Automotive Switzerland AG.
To finance the prototype construction, in addition to license revenues for trademark rights, authorized capital of up to CHF 500,000 is available within the statutory capital band.
Fox e-mobility AG has today concluded a comprehensive agreement with Fox Automotive Switzerland AG and the other shareholders of Fox Automotive Switzerland AG. This agreement, through a profit transfer agreement and share options at par value in favour of fox e-mobility AG, ensures that fox e-mobility AG continues to receive the majority of the economic success from the monetization of the MIA project in 2026/2027. Therefore, despite the reduction in its shareholding in Fox Automotive Switzerland AG, the Management Board currently anticipates a tax-neutral increase in the value of the investment from EUR 6.5 million to approximately EUR 24 million (correction of the amount reported in the ad hoc announcement of April 23, 2026) for 2026.
As part of the restructuring of fox e-mobility AG, CFO/COO Philippe Perret will leave the company's executive management by mutual agreement on June 1, 2026. Until a successor is appointed, Patrick Bigger will lead the company as sole CEO.
The publication dates for the 2025 annual financial report and the 2026 interim financial report are June 30, 2026, and August 20, 2026, respectively. The next Annual General Meeting will be held on August 28, 2026.
End of Inside Information
29-May-2026 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
View original content: EQS News
| Language: | English |
| Company: | fox e-mobility AG |
| Königsallee 61 | |
| 40215 Düsseldorf | |
| Germany | |
| Internet: | www.fox-em.com |
| ISIN: | DE000A40ZV71 |
| WKN: | A40ZV7 |
| Listed: | Regulated Unofficial Market in Dusseldorf, Hamburg, Tradegate BSX |
| EQS News ID: | 2336200 |
| End of Announcement | EQS News Service |
2336200 29-May-2026 CET/CEST