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SGT German Private Equity GmbH & Co. KGaA
ISIN: DE000A1MMEV4
WKN: A1MMEV
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SGT German Private Equity GmbH & Co. KGaA · ISIN: DE000A1MMEV4 · EQS - Company News (71 News)
Country: Germany · Primary market: Germany · EQS NID: 1389513
04 July 2022 09:25AM

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


DGAP-News: 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 / 09:25
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

1389513  04.07.2022 

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This publication was provided by our content partner EQS3.

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via EQS - Newsfeed
EQS Group AG ©2024
(DGAP)
Contact:
Karlstraße 47 D-80333 München
+49 (0) 89 444 430-000

 

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