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German Startups Group GmbH & Co. KGaA: German Startups Group publishes interim report and expects its future subsidiary SGT Capital to deliver further achievements already within the next weeks - Seite 2

The renaming of German Startups Group to SGT German Private Equity GmbH & Co. KGaA and the relocation of the registered office to Frankfurt/Main are imminent. In the next step towards the implementation of the merger with SGT Capital Pte. Ltd., the contribution in kind and the respective further amendments of the articles resolved at the Annual General Meeting on 7 August 2020, will be filed to the Commercial Register. The merger results in a Germany-based, listed private equity asset manager. The merged company expects sustainable, predictable net profits from market standard asset management fees.

The public share buyback tender offer of the German Startups Group to buy back at least 5% of the outstanding shares at a stock price of 2.00 euros is running at least until 13 October 2020, 12:00 pm (CET). Its 1,130,400 treasury shares, the majority of which were acquired in 2019, have already been redeemed and removed from the Commercial Register. In case more than 542,700 shares are tendered for buyback as part of the offer, the acceptance declarations will be considered proportionally, i.e. in the ratio of the 542,700 shares to the aggregate number of shares tendered for buyback. Furthermore, the company reserves the right to increase the number of shares to be bought back for that case.

 

Investor Relations Contact
German Startups Group
Florian Dammann
[e-mail]
www.german-startups.com

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06.10.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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Language:	English
Company:	German Startups Group GmbH & Co. KGaA
	Platz der Luftbrücke 4-6
	12101 Berlin
	Germany
Phone:	[phone]
Fax:	[phone]
E-mail:	[e-mail]
Internet:	www.german-startups.com
ISIN:	DE000A1MMEV4
WKN:	A1MMEV
Indices:	Scale 30
Listed:	Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Tradegate Exchange
EQS News ID:	1139195