RCS - SGT German Private - Allocation of the profit

German Tech Holding GmbH & Co. KGaA

09/06/2022 07:42

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220609:nRSI2947Oa&default-theme=true

RNS Number : 2947O  SGT German Private Equity GmbH & Co  09 June 2022

 SGT German Private Equity GmbH & Co. KGaA / Key word(s): Share Buyback

SGT German Private Equity GmbH & Co. KGaA: Allocation of the profit from
 the 2021 financial year

09.06.2022 / 08:00

The issuer is solely responsible for the content of this announcement.

+++ Press release +++

 

 SGT German Private Equity -

Allocation of the profit from the 2021 financial year

 

 - Tender offer for share buyback planned

 - Acquisition of a stake in Utimaco

 

 Frankfurt/Main, 9 June 2022 - SGT German Private Equity GmbH & Co. KGaA
 (SGF), a listed Private Equity asset manager, intends to make a voluntary
 public share buyback tender offer to its shareholders in the volume of 6.0m
 EUR before the end of the third quarter of 2022. The volume corresponds to
 0.10 EUR per share. At the current share price, this would result in a volume
 of up to 4.0m shares and just under 7% of the outstanding shares.

 SGT German Private Equity already holds 2,719,200 treasury shares. This equals
 4.5% of its share capital.

 Furthermore, the Company has invested 6m EUR in one of the co-investment funds
 that are managed by its wholly owned subsidiary SGT Capital Pte. Ltd. which in
 turn has a stake in Utimaco. This equals another 0.10 EUR per share. Utimaco
 is a strongly growing, highly profitable global market leader for high-end
 cyber security software, co-headquartered in Aachen, Germany and Campbell,
 California, USA. Utimaco has more than 470 employees and generates a
 three-digit million revenue. SGT German Private Equity expects its equity
 investment to generate proceeds in the range of 15 to 25m EUR within five
 years. Herein is the press release of SGT Capital for the acquisition of
 Utimaco:

 https://www.prnewswire.com/de/pressemitteilungen/sgt-capital-completes-the-acquisition-of-utimaco-a-leading-provider-of-cybersecurity-and-compliance-solutions-892091362.html

 Management is refraining from proposing a dividend for the fiscal year 2021,
 as a share buyback appears to be advantageous at the current share price level
 from a tax point of view. Shareholders who tender shares at a price that is
 not or only insignificantly higher than their purchase price will receive the
 sales proceeds almost without tax deduction, whereas capital gains tax on the
 full amount would have to be withheld in the case of a dividend.

 Going forward the Company plans to conduct a share buyback and/or dividend
 payment each financial year beginning in 2022 for the appropriation of
 earnings, whilst retaining a portion of earnings to invest in Private Equity
 opportunities generated by its subsidiary SGTPTE.

 About SGT German Private Equity

 SGT German Private Equity is a Germany-based listed private equity asset
 manager with registered office in Frankfurt/Main. Its 100% subsidiary SGT
 Capital Pte. Ltd. is a global alternative investment and private equity asset
 manager headquartered in Singapore.

 For its new, sector-agnostic private equity fund SGT Capital Fund II with a
 geographical focus on Europe and North America (fund lifetime ten years), SGT
 is aiming for a target fundraising volume of 1 to 3 billion USD. The
 management team has many years of senior experience at renowned addresses -
 global private equity houses, management consultancies and investment banks.

 From its origin as a leading German venture capital provider under the German
 Startups Group brand SGT German Private Equity also holds a heritage portfolio
 of minority stakes in some promising German Startups.

 

 Investor Relations Contact

Rosenberg Strategic Communications

Dirk Schmitt

d.schmitt@rosenbergsc.com

+49 170 302 8833

09.06.2022 Dissemination of a Corporate News, transmitted by DGAP - a service
 of EQS Group AG.

The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements,
 Financial/Corporate News and Press Releases.
 Archive at www.dgap.de

 Language:     English
 Company:      SGT German Private Equity GmbH & Co. KGaA
               Senckenberganlage 21
               60325 Frankfurt/Main
               Germany
 Phone:        069-348690520
 Fax:          069-348690529
 E-mail:       info@sgt-germanpe.com
 Internet:     www.sgt-germanpe.com
 ISIN:         DE000A1MMEV4
 WKN:          A1MMEV
 Indices:      Scale 30
 Listed:       Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg,
               Tradegate Exchange
 EQS News ID:  1371507

 

 End of News  DGAP News Service

1371507  09.06.2022

 

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

Reach is a non-regulatory news service. By using this service an issuer is confirming that the information contained within this announcement is of a non-regulatory nature. Reach announcements are identified with an orange label and the word “Reach” in the source column of the News Explorer pages of London Stock Exchange’s website so that they are distinguished from the RNS UK regulatory service. Other vendors subscribing for Reach press releases may use a different method to distinguish Reach announcements from UK regulatory news.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  NRABKCBNABKKOAK