Schellenberg Wittmer advises PIERER Mobility AG (previously KTM Industries AG), Wels, Austria, Europe's largest manufacturer of powered two-wheelers, on its share buyback program at market price. Within the framework of the share buyback program running until 21 October 2021, PIERER Mobility AG may repurchase a total of 1,668,763 bearer shares, corresponding to 7.4% of the company's share capital (approx. EUR 75.7 Mio. at the current share price). The company's shares are listed both on SIX Swiss Exchange and the Vienna Stock Exchange.