RCS - SGT German Private - SGT receives 8.3M treasury shares free of charge

German Tech Holding GmbH & Co. KGaA

01/07/2022 10:18

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RNS Number : 0010R  SGT German Private Equity GmbH & Co  01 July 2022

 SGT German Private Equity GmbH & Co. KGaA / Key word(s): Transaction in
 Own Shares

SGT German Private Equity GmbH & Co. KGaA: SGT German Private Equity
 receives 8.3 million treasury shares free of charge from a conditional return
 offer

01-Jul-2022 /

Disclosure of an inside information acc. to Article 17 MAR of the Regulation
 (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.

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

+++ Ad-hoc announcement +++

 SGT German Private Equity receives 8.3 million treasury shares

free of charge from a conditional return offer

 

 ·      Return of 14% of all outstanding SGF shares

 ·      Value of the share increases ceteris paribus by 17%

 ·      Additionally positive earnings effect of share redemption of just
 under 12 million EUR in 2022

 Frankfurt/Main, 1 July 2022 - SGT German Private Equity GmbH & Co. KGaA
 (SGF), a listed Private Equity asset manager, receives 8,333,000 SGF shares
 free of charge from its major shareholder SGT Capital LLC (SGTLLC) as of
 30.06.2022, from a share return offer made in 2020.

 SGTLLC had granted SGF a binding, conditional offer for a share return in July
 2020 on the occasion of a capital increase in kind of SGF. The scope of the
 offer was dependent only on the amount of capital raised by SGT Capital Pte.
 Ltd. (SGTPTE) up to a certain point in time, notwithstanding that the
 profitability of SGTPTE also significantly depends on various other factors,
 where expectations and targets have been clearly outperformed in the meantime.
 Despite the good profitability of SGTPTE, which was contributed to SGF by
 SGTLLC as a contribution in kind, SGTLLC is now transferring a further
 8,333,000 of the original 50 million issued shares back to SGF. As of
 31.12.21, SGTLLC had already transferred 2,176,500 SGF shares to SGF, free of
 charge, to compensate for the delay-related shortfalls in SGTPTE's earnings in
 2H2020 and 2021. Accordingly, the total number of SGF shares transferred to
 SGTLLC as payment in kind for the acquisition of SGTPTE, has been
 retrospectively reduced by more than one fifth compared to the agreed number
 resolved by the Annual General Meeting on 7.08.2020.

 With the share return, the number of SGF treasury shares increases from
 2,719,200 shares to 11,052,200 shares. The number of outstanding shares
 decreases from 58,134,800 to 49,801,800. The free float is increased by 2.9
 percentage points or by 16%. Ceteris paribus, the value per outstanding share
 increases by 17% or 0.25 EUR per share due to the reduction in the number of
 outstanding shares.

 On top of that the share return will have a positive earnings effect of just
 under 12 million EUR or 0.24 EUR per share for the first half of 2022.

 

 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

 End of ad hoc announcement

01-Jul-2022 CET/CEST 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:  1388767

 

 End of Announcement  DGAP News Service

1388767  01-Jul-2022 CET/CEST

 

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