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Publication of notifications of voting rights



DGAP-News: hGears AG / Keyword (s): IPO
28.05.2021 / 18:35
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hGears AG: Publication of notifications of voting rights

Schramberg, May 28, 2021. hGears AG (“hGears” or “Company”), a global manufacturer of high-precision gears and components specializing in products for electric mobility applications, today completed the publication of notifications voting rights of the selling shareholders Finatem III GmbH & Co. KG, HPH Beteiligungs-UG and MH Herzog Beteiligungs-UG (the “selling shareholders“) in connection with the initial public offering and the placement of the offered shares in accordance with German Securities Law (Wertpapierhandelsgesetz).

For their remaining shares, each of the selling shareholders has agreed to a blocking period of six months after the first day of trading of the shares (May 21, 2021) and for the consecutive period of six additional months which can only be waived. by the unique global coordinator. The members of the Management Board have agreed to a blocking period of twelve months for their investments.

Contact

cometis AG
Dr Daniela Diedrich
Unter den Eichen 7
65195 Wiesbaden

T: +49 611 205 855 – 22
E: [email protected]

About hGears

hGears is a global manufacturer of critical high precision gears and components, with a focus on products for electric mobility applications. The strategic focus of the company is the business area of ​​electric mobility, where products include gears, shafts and other critical components for use in non-combustion electric drive applications for e-bikes and bikes. electric and hybrid vehicles. In the e-bike segment, hGears is the European market leader in the supply of high-precision gears and components and its parts are contained in approximately two million of the 4.6 million e-bikes sold in Europe in 2020. en good position to capitalize on the dynamically growing end markets of electric bicycles and electric and hybrid vehicles. hGears has three distinct business areas for which it develops and manufactures high precision components: electric mobility, electronic tools and conventional applications (i.e. high end and luxury cars, motorcycles and industrial applications).

hGears combines over 60 years of experience in advanced machined steel metal processing and advanced metal powder production. It is one of the few companies to offer both processes to its customers worldwide. hGears works with its customers in a “co-development” role to design components and find technologically optimal solutions to meet customer specifications. HGears’ premier customer base includes a number of major suppliers as well as original equipment manufacturers. The company enjoys long-lasting, stable and long-lasting relationships with its customers, with hGears serving many key customers for over 15 years.

hGears is headquartered in Schramberg, Germany, and operates worldwide with production facilities in Schramberg, Germany, Padua, Italy and Suzhou, China. On the Internet at: www.hgears.com

The Group’s turnover in 2020 was 126.3 million euros, with an increase in the turnover of the e-mobility business area of ​​59% compared to 2019.

Warning

“This publication does not constitute an offer to sell or a solicitation to buy any securities. The securities have already been sold.

The information in this document is not intended for distribution, directly or indirectly, in the United States of America (including its territories and possessions in any state of the United States of America or the District of Columbia) or to publications for general distribution in the United States of America. This publication does not constitute an offer to sell or a solicitation to buy or subscribe for securities in the United States of America. The securities have not been and will not be registered under the US Securities Act of 1933, as amended (the “Securities Act”) and may not be offered or sold in the United States of America absent registration or exemption from registration under the Securities Act. Act. The issuer does not intend to register any part of the offering in the United States of America or to make a public offering of the securities in the United States of America.

No prospectus has been or will be approved for publication in the United Kingdom with respect to the securities to which this publication relates. Therefore, this publication is distributed only and is directed only to persons who are (a) “qualified investors” within the meaning of Article 2 of the UK Prospectus Regulation (Regulation (EU) 2017/1129 which is part of the law of England and Wales under the European Union (Withdrawal) Act 2018) and either (i) persons with professional experience in matters relating to investments falling under section 19, paragraph 5, of the Financial Services and Markets Act 2000 (Financial Promotion) Ordinance 2005, as amended (the “Order”), or (ii) persons who are high net worth entities falling under section 49 (2) (a ) to (d) of the Order, or (b) other persons to whom it may otherwise be legally communicated (all the persons referred to in points a) and b) being together referred to as “data subjects”). Furthermore, this publication is intended and directed only to persons from Member States of the European Economic Area (other than Germany) who are “qualified investors” within the meaning of Article 2 (e) of the Regulation. Prospectus (“Qualified Investors”)). Any investment or investment activity to which this publication relates is only available and will be undertaken only with (i) in the United Kingdom, the persons concerned, and (ii) in any other member state of the European Economic Area ( other than Germany), qualified investors. Anyone else who receives this publication in the United Kingdom or the European Economic Area (other than Germany) should not rely on it or act on it.

This publication does not constitute an offer to sell any securities in Canada, Japan, Australia or South Africa. “

05.28.2021 Distribution of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this advertisement.

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