SGF: Share buyback at EUR 2.00 per share announced; Reiterate to BUY

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SGT German Private Equity (SGF) - in an ad-hoc news - announced that it intends to buy back up to 3.5m shares or up to 7% of the outstanding shares. SGF will pay - in the context of a public share buyback offer - EUR 2.00 per share, representing a total consideration of EUR 7m. Whilst the scale of the share buyback was already announced earlier, the offer price of EUR 2.00 or a premium of 17% vs. yesterday’s close came as a positive surprise. In our view, the news is in line with the positive reporting of the company in recent months. Not surprisingly, SGF’s shares have been the top performer in the Scale segment returning 38% over the past 6 months, according to a ranking at boersengefluester.de. We therefore reiterate to BUY, PT unchanged at EUR 4.00.

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Die SGT German Private Equity Aktie wird zum Zeitpunkt der Veröffentlichung der Nachricht mit einem Plus von +2,94 % und einem Kurs von 1,75EUR auf Tradegate (30. September 2022, 12:06 Uhr) gehandelt.