DGAP-News: SGT German Private Equity GmbH & Co. KGaA
/ Key word(s): Dividend/Annual Results
+++ Press release +++
SGT German Private Equity proposes dividend
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
04.07.2022 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
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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1389513 04.07.2022
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