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
+++ Presse release +++ SGT German Private Equity completes buyback
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.
16.10.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
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: | [email protected] |
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: | 1141393 |
End of News | DGAP News Service |
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1141393 16.10.2020