EQS-News: SGT German Private Equity becomes German AI Group – General Meeting to vote on the company name change in August
EQS-News: SGT German Private Equity GmbH Co. KGaA
/ Key word(s): Strategic Company Decision/Strategic Company Decision
+++ Press release +++
SGT German Private Equity becomes German AI Group –
Frankfurt/Main, 13 March 2024 – SGT German Private Equity ("SGF"), a holding based in Frankfurt am Main, intends to announce details of its planned shift towards Artificial Intelligence by the end of June. The goal is to quickly build critical expertise, attract and retain AI talent, and return to profitability without major investment, while creating a platform to incubate promising AI startups. In an interview published earlier this week with Finance TV, founder and CEO Christoph Gerlinger provided initial details on this. The Annual General Meeting of SGF is scheduled to take place on 14 August 2014. On this occasion, the company will present the new business segment to its shareholders and put the change of name to ‘German AI Group’ to a vote. The invitation and agenda will be sent out in due time. In May, the subsidiary German Startups Group VC GmbH succeeded in partially selling two VC investments at respectively above book value. After the compensation of the managing general partner German AI Group Management GmbH has already been significantly reduced since the beginning of the year, this has now also been achieved for the remuneration of the Supervisory Board. With retroactive effect from 1 January 2014, the Supervisory Board waives half of its statutory remuneration until further notice. In addition, the company will put a reduction in the size of the Supervisory Board to three members to a vote at its Annual General Meeting.
About SGT German Private Equity SGT German Private Equity is a listed investment holding based in Frankfurt am Main. From mid-March 2024, the company focuses entirely on artificial intelligence and change its name to ‘German AI Group’. From its origin as a leading German venture capital provider under the former name German Startups Group, SGT German Private Equity holds a heritage portfolio of minority stakes in some promising German Tech Startups.
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07.06.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. |
Language: | English |
Company: | SGT German Private Equity GmbH Co. KGaA |
Senckenberganlage 21 | |
60325 Frankfurt/Main | |
Germany | |
Phone: | 069-348690520 |
Fax: | 069-348690529 |
E-mail: | [email protected] |
Internet: | www.sgt-germanpe.com |
ISIN: | DE000A1MMEV4 |
WKN: | A1MMEV |
Indices: | Scale 30 |
Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Tradegate Exchange |
EQS News ID: | 1920775 |
End of News | EQS News Service |
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1920775 07.06.2024 CET/CEST