DGAP-Adhoc

DEMIRE Deutsche Mittelstand Real Estate AG: Majority shareholders aim for the distribution of a substantial dividend for the financial year 2020

DGAP-Ad-hoc: DEMIRE Deutsche Mittelstand Real Estate AG / Key word(s): Dividend DEMIRE Deutsche Mittelstand Real Estate AG: Majority shareholders aim for the distribution of a substantial dividend for the financial year 2020 04-March-2021 / 19:32 CET/CEST 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. DEMIRE Deutsche Mittelstand Real Estate AG: Majority shareholders aim for the distribution of a substantial dividend for the financial year 2020

Langen, 04 March 2021 - Today, DEMIRE Deutsche Mittelstand Real Estate AG (ISIN: DE000A0XFSF0) has received letters from its majority shareholders, AEPF III 15 S.à r.l. ("Apollo") and Wecken-Group. In these letters, the majority shareholders inform the Executive Board of the Company that, due to the uncertain investment climate and the still high level of liquidity - as already for the 2019 financial year - they are seeking the payment of a substantial dividend for the 2020 financial year in the amount of the accumulated profit.

According to preliminary, still unaudited figures, the accumulated profit for 2020 amounts to approximately EUR 65 million.
As of 28 February 2021, the company had cash and cash equivalents of approximately EUR 117 million and has additional contractually agreed loan commitments of EUR 51 million. The Company is also expecting to have sufficient cash to pay such a dividend at the time of the Annual General Meeting, which is planned on 28 April 2021.

Apollo holds approximately 58.6% and the Wecken-Group approximately 32.1% of the voting rights in the Company. The Company assumes that the majority shareholders will exercise its voting rights at the Annual General Meeting in favour of such dividend payment.

DEMIRE Deutsche Mittelstand Real Estate AG
The Executive Board
 

Contact:

Michael Tegeder
Head of Investor Relations & Corporate Finance
DEMIRE Deutsche Mittelstand Real Estate AG
Telephone: [phone]
Email: [e-mail]

 

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04-March-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language:	English
Company:	DEMIRE Deutsche Mittelstand Real Estate AG
	Robert-Bosch-Straße 11 im 'the eleven'
	63225 Langen (Hessen)
	Germany
Phone:	[phone]
Fax:	[phone]
E-mail:	[e-mail]
Internet:	www.demire.ag
ISIN:	DE000A0XFSF0
WKN:	A0XFSF
Listed:	Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Stuttgart, Tradegate Exchange
EQS News ID:	1173320

End of Announcement	DGAP News Service

1173320  04-March-2021 CET/CEST