Brief: SGT German Private Equity To Make Voluntary Public Share Buyback Tender Offer

German Tech Holding GmbH & Co. KGaA

09/06/2022 07:04

June 9 (Reuters) - SGT GERMAN PRIVATE EQUITY GMBH & CO KGAA
 SGFn.DE :
    * ALLOCATION OF THE PROFIT FROM THE 2021 FINANCIAL YEAR
    * INTENDS TO MAKE A VOLUNTARY PUBLIC SHARE BUYBACK TENDER
OFFER TO
ITS SHAREHOLDERS IN VOLUME OF 6.0M EUR BEFORE END OF Q3 OF 2022
    * VOLUME CORRESPONDS TO 0.10 EUR PER SHARE
    * AT CURRENT SHARE PRICE, THIS WOULD RESULT IN A VOLUME OF
UP TO
4.0M SHARES AND JUST UNDER 7% OF OUTSTANDING SHARES.
    * EXPECTS ITS EQUITY INVESTMENT TO GENERATE PROCEEDS IN
RANGE OF
15 TO 25M EUR WITHIN FIVE YEARS
    * SGT IS AIMING FOR A TARGET FUNDRAISING VOLUME OF 1 TO 3
BILLION
USD

Source text for Eikon:  ID:nEQ9hzWMka 
Further company coverage:  SGFn.DE 

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