RCS - SGT German Private - SGT proposes dividend

German Tech Holding GmbH & Co. KGaA

04/07/2022 09:34

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RNS Number : 1828R  SGT German Private Equity GmbH & Co  04 July 2022

 SGT German Private Equity GmbH & Co. KGaA / Key word(s): Dividend/Annual
 Results

SGT German Private Equity GmbH & Co. KGaA: SGT German Private Equity
 proposes dividend to its shareholders for the first time

04.07.2022

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

+++ Press release +++

 SGT German Private Equity proposes dividend

to its shareholders for the first time

 ·      Dividend of 2 cents per share

 ·      Announcement of a share buyback in a volume of 10 cents per share

 ·      Profit 2021 significantly higher than expected

 Frankfurt/Main, 4 July 2022 - SGT German Private Equity GmbH & Co. KGaA
 (SGF), a listed Private Equity asset manager, proposes the payment of a
 dividend to its shareholders for the first time in the Annual General Meeting
 on 18 August 2022, amounting to 2 cents per share.

 In addition, SGT German Private Equity holds on to its intention to submit a
 public share buyback tender offer to its shareholders in the 3rd quarter of
 2022. The planned volume of the share buyback amounts to 5 million EUR or 10
 cents per shares. In total, SGF will return 6 million EUR or 12 cents per
 share to its shareholders. This equals 8% of its market capitalization.

 With net earnings of 14 million EUR or 44 cents per share in the past
 financial year, SGT German Private Equity significantly exceeds the market
 expectations, its own forecasts and estimates (IFRS cons., 2020: -5 cents).
 The IFRS financial statements are to be based on an average of 33,133,219
 shares across the financial year. In relation to the actual number outstanding
 shares as of today of 49,801,800 the net result still amounts to 28 cents per
 share.

 The annual report will be published by end of this week.

 From this year on SGF plans to carry out a share buyback and/or dividend
 payment each fiscal year for profit distribution, while retaining a portion of
 the profits and investing them 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

04.07.2022 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:  1389513

 

 End of News  DGAP News Service

 

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