{"id":15991,"date":"2022-07-22T10:20:25","date_gmt":"2022-07-22T08:20:25","guid":{"rendered":"https:\/\/sgt.phobos.services\/?page_id=15991"},"modified":"2022-08-18T18:04:11","modified_gmt":"2022-08-18T16:04:11","slug":"press-release-22-july-2022-2","status":"publish","type":"page","link":"https:\/\/tpgholding.com\/index.php\/press-release-22-july-2022-2\/","title":{"rendered":"Press release of <br> 22 July 2022"},"content":{"rendered":"<p style=\"text-align: center;\"><a href=\"https:\/\/tpgholding.com\/wp-content\/uploads\/2021\/10\/SGT_Logo.png\" rel=\"attachment wp-att-15549\"><img decoding=\"async\" class=\"alignnone\" src=\"https:\/\/tpgholding.com\/wp-content\/uploads\/2021\/10\/SGT_Logo-300x72.png\" alt=\"SGT_Logo\" \/><\/a><\/p>\n<p style=\"text-align: center; padding: 0px; margin: 0px;\">+++ Press release +++<\/p>\n<p style=\"text-align: center; padding: 50px; margin: 0px;\"><strong>SGT German Private Equity &#8211; Extension of the agenda of the Annual General Meeting to include the resolution on the redemption of 11 million treasury shares<\/strong><\/p>\n<p><strong>Frankfurt\/Main, 22 July 2022 &#8211; <\/strong>SGT German Private Equity GmbH &#038; Co. KGaA (SGF), a listed Private Equity asset manager, holds 11,052,200 treasury shares and, at the request of its major shareholder SGT Capital LLC (SGTLLC), is including the resolution on the redemption of these 11,052,200 SGF no-par value shares in the agenda of the Annual General Meeting on 18 August 2022. The Company is pleased to comply with this request.<\/p>\n<p>The management of SGF recommends its shareholders to approve the redemption of the shares in order to facilitate future share buyback offers and allow for larger volumes. If approved by the Annual General Meeting, the total number of shares will be reduced from 60,854,000 to 49,801,800.<\/p>\n<p>SGF intends to submit a public share buyback tender offer to its shareholders in the current 3rd quarter of 2022 with a planned volume of around 5 million EUR. This corresponds to 6% of its market capitalization.<\/p>\n<p>With regards to the determination of the offer price, SGF management was authorized by the Annual General Meeting 2021 to exceed the 5-day XETRA average closing price prior to the date of conclusion of the agreement underlying the acquisition by up to 20%. <\/p>\n<p>The Company&#8217;s last share buyback program took place in 2020. At that time, the buyback price offered to shareholders was 2.00 EUR per share.<\/p>\n<p>&nbsp;<\/p>\n<p><strong>Investor Relations Contact<\/strong><br \/>\n<strong>Rosenberg Strategic Communications <\/strong><br \/>\nDirk Schmitt<br \/>\nd.schmitt@rosenbergsc.com<br \/>\n+49 170 302 8833<\/p>\n<p>&nbsp;<\/p>\n<p><strong>About SGT German Private Equity<\/strong><\/p>\n<p>SGT German Private Equity is a Germany-based listed private equity asset manager with registered office in<br \/>\nFrankfurt\/Main. Its 100% subsidiary SGT Capital Pte. Ltd. is a global alternative investment and private equity<br \/>\nasset manager headquartered in Singapore.<\/p>\n<p>For its new, sector-agnostic private equity fund SGT Capital Fund II with a geographical focus on Europe and<br \/>\nNorth America (fund lifetime ten years), SGT is aiming for a target fundraising volume of 1 to 3 billion USD. The<br \/>\nmanagement team has many years of senior experience at renowned addresses \u2013 global private equity houses,<br \/>\nmanagement consultancies and investment banks.<\/p>\n<p>From its origin as a leading German venture capital provider under the German Startups Group brand SGT<br \/>\nGerman Private Equity also holds a heritage portfolio of minority stakes in some promising German Startups.<\/p>\n<p>&nbsp;<\/p>\n<p><u><a href=\"https:\/\/tpgholding.com\/wp-content\/uploads\/2022\/07\/20220722_SGT-German-Private-Equity-Extension-of-the-Annual-General-Meeting-agenda.pdf\" target=\"_blank\" rel=\"nofollow\" rel=\"\">Click here for PDF version<\/a><\/u><\/p>\n<p>More information at <a href=\"https:\/\/tpgholding.com\/\">https:\/\/tpgholding.com\/<\/a> and <a href=\"https:\/\/sgt-capital.com\/\">https:\/\/www.sgt-capital.com\/<\/a><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>+++ Press release +++ SGT German Private Equity &#8211; Extension of the agenda of the Annual General Meeting to include the resolution on the redemption of 11 million treasury shares Frankfurt\/Main, 22 July 2022 &#8211; SGT German Private Equity GmbH &#038; Co. KGaA (SGF), a listed Private Equity asset manager, holds 11,052,200 treasury shares and, [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"page-full-image.php","meta":[],"_links":{"self":[{"href":"https:\/\/tpgholding.com\/index.php\/wp-json\/wp\/v2\/pages\/15991"}],"collection":[{"href":"https:\/\/tpgholding.com\/index.php\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/tpgholding.com\/index.php\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/tpgholding.com\/index.php\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/tpgholding.com\/index.php\/wp-json\/wp\/v2\/comments?post=15991"}],"version-history":[{"count":1,"href":"https:\/\/tpgholding.com\/index.php\/wp-json\/wp\/v2\/pages\/15991\/revisions"}],"predecessor-version":[{"id":16093,"href":"https:\/\/tpgholding.com\/index.php\/wp-json\/wp\/v2\/pages\/15991\/revisions\/16093"}],"wp:attachment":[{"href":"https:\/\/tpgholding.com\/index.php\/wp-json\/wp\/v2\/media?parent=15991"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}