SGF German Startups Group Berlin GmbH & Co KGaA

DGAP-News: SGT German Private Equity GmbH & Co. KGaA: SGT German Private Equity completes buyback of 542,700 own shares

DGAP-News: SGT German Private Equity GmbH & Co. KGaA / Key word(s): Share Buyback/Share Buyback
SGT German Private Equity GmbH & Co. KGaA: SGT German Private Equity completes buyback of 542,700 own shares

16.10.2020 / 14:25
The issuer is solely responsible for the content of this announcement.


+++ Presse release +++

SGT German Private Equity completes buyback
of 542,700 own shares


Frankfurt/Main, 16 October 2020 - SGT German Private Equity, a listed private equity asset manager, closes its share buyback. As part of the public share buyback tender offer published 27 August 2020 on the company's website and in the German Federal Gazette, a total of 4.6 million shares have been tendered to SGT German Private Equity GmbH & Co. KGaA until the end of the acceptance period on 13 October 2020 (12:00 pm MEZ). The management assumes that the shareholders have tendered more shares than they actually want to sell, because they anticipated a pro rata allocation, and that some shareholders want to trade for arbitrage with their order, hence they want to buy back the shares sold through the share buyback tender offer at a lower price in the stock market.

The repurchase offer related to the acquisition of up to 542,700 registered no-par-value shares of SGT German Private Equity GmbH & Co. KGaA in exchange for a cash payment of EUR 2.00 per share. As the total number of shares tendered in the offer exceeds 542,700, all acceptance declarations for up to 100 shares will be considered fully while declarations above will be considered pro rata in accordance with section 3.5 of the offer document of the share buyback, for every 100 tendered shares on average 12 shares at a price of 2.00 Euro are acquired.

The tendered shares, for which the received acceptance declarations could be taken into account are expected to be transferred on 21 October 2020 from the customers' depository accounts against payment of the offered price. Shares for which the declaration of acceptance could not be taken into account due to the pro rata consideration, remain in the customer depository accounts and are reversed to the original security identification number (WKN) A1MMEV or ISIN DE000A1MMEV4 which is listed in the scale segment of the open market at Frankfurt Stock Exchange.

After completion of the share buyback, SGT German Private Equity owns 542,700 own shares (5% of the companies' registered share capital).

The management intends to issue share buyback tender offers on a regular basis in the future and fund these from the expected sustainable, predictable profits and cash inflows from the asset management activities of its wholly owned subsidiary SGT Capital Pte. Ltd.


Investor Relations Contact
SGT German Private Equity

Florian Dammann



16.10.2020 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


Language: English
Company: SGT German Private Equity GmbH & Co. KGaA
Bockenheimer Landstraße 109
60325 Frankfurt am Main
Germany
Phone: +49 (0)30-54908603
Fax: +49 (0)30-54908604
E-mail:
Internet: -startups.com
ISIN: DE000A1MMEV4
WKN: A1MMEV
Indices: Scale 30
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Tradegate Exchange
EQS News ID: 1141393

 
End of News DGAP News Service

1141393  16.10.2020 

fncls.ssp?fn=show_t_gif&application_id=1141393&application_name=news&site_id=research_pool
EN
16/10/2020

Underlying

Reports on German Startups Group Berlin GmbH & Co KGaA

 PRESS RELEASE

EQS-News: The Payments Group Holding - Die PGH-Gruppe launcht gemeinsa...

EQS-News: The Payments Group Holding GmbH & Co. KGaA / Schlagwort(e): Joint Venture The Payments Group Holding - Die PGH-Gruppe launcht gemeinsam mit AI-Experten einen auf künstliche Intelligenz ausgerichteten Company Builder 24.03.2025 / 09:05 CET/CEST Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich. +++ Pressemitteilung +++ Die PGH-Gruppe launcht gemeinsam mit AI-Experten einen auf künstliche Intelligenz ausgerichteten Company Builder   Frankfurt am Main, 24. März 2025 – Die German AI Projects GmbH, eine Tochtergesellschaft der The Paymen...

 PRESS RELEASE

EQS-News: The Payments Group Holding - PGH group launches a company bu...

EQS-News: The Payments Group Holding GmbH & Co. KGaA / Key word(s): Joint Venture The Payments Group Holding - PGH group launches a company builder focused on artificial intelligence together with AI experts 24.03.2025 / 09:05 CET/CEST The issuer is solely responsible for the content of this announcement. +++ Press release +++ PGH group launches a company builderfocused on artificial intelligence together with AI experts   Frankfurt/Main, 24 March 2025 – German AI Projects GmbH, a subsidiary of The Payments Group Holding (PGH), a Frankfurt-based holding company founded...

 PRESS RELEASE

EQS-News: The Payments Group Holding - Interview mit Christoph Gerling...

EQS-News: The Payments Group Holding GmbH & Co. KGaA / Schlagwort(e): Sonstiges The Payments Group Holding - Interview mit Christoph Gerlinger seitens Gereon Kruse, boersengefluester.de, vom 6.03.25 07.03.2025 / 09:00 CET/CEST Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich. Interview mit Christoph Gerlinger, The Payments Group Holding, seitens Gereon Kruse, boersengefluester.de, vom 6.03.25 []     The Payments Group Holding: „Wir vollziehen eine strategische Kehrtwende“ „Es liegt im Interesse der Aktionäre, Fehlentwicklungen zügig entgegenz...

 PRESS RELEASE

EQS-News: The Payments Group Holding - Interview with Christoph Gerlin...

EQS-News: The Payments Group Holding GmbH & Co. KGaA / Key word(s): Miscellaneous The Payments Group Holding - Interview with Christoph Gerlinger by Gereon Kruse, boersengefluester.de, of 6.03.25 07.03.2025 / 09:00 CET/CEST The issuer is solely responsible for the content of this announcement. Interview with Christoph Gerlinger, The Payments Group Holding, by Gereon Kruse, boersengefluester.de, of 6.03.25 [] Translated into English by The Payments Group Holding – without obligo     The Payments Group Holding: “We are undertaking a strategic turnaround” “It is in the s...

 PRESS RELEASE

EQS-News: Payments Group Holding - Legal disputes with former major sh...

EQS-News: The Payments Group Holding GmbH & Co. KGaA / Key word(s): Legal Matter Payments Group Holding - Legal disputes with former major shareholder SGT Capital LLC, its partners and affiliate companies 13.02.2025 / 17:47 CET/CEST The issuer is solely responsible for the content of this announcement. +++ Press release +++   Payments Group Holding - Legal disputes with former major shareholder SGT Capital LLC, its partners and affiliate companies  Default of payment by SGT Capital LLC, its subsidiary SGT Beteiligungsberatung GmbH, SGT Capital Fund II entities and other...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch