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AGM Information • Jun 21, 2017
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Corporate | 21 June 2017 15:14
AURELIUS Equity Opportunities SE & Co. KGaA: Press release on the 2017 Annual General Meeting
DGAP-News: AURELIUS Equity Opportunities SE & Co. KGaA / Key word(s): AGM/EGM
21.06.2017 / 15:14
The issuer is solely responsible for the content of this announcement.
AURELIUS Equity Opportunities SE & Co. KGaA: Press release on the 2017 Annual General Meeting
– Resolution adopted on record dividend of EUR4.00 per share
– Transparency will be further increased; in the future, NAVs will also be audited
– Record year 2017 expected: EBITDA should exceed the EUR500 million threshold
Munich, June 21, 2016 – All resolutions proposed by the administration were adopted with a high level of approval by the represented shareholders (presence: 38.47% of the share capital) at the ordinary annual general meeting of AURELIUS Equity Opportunities SE & Co. KGaA (ISIN: DE000A0JK2A8) that took place today in Munich.
As proposed by the administration, the annual general meeting adopted a resolution on the distribution of a record dividend of EUR4.00 per share from the distributable profit of AURELIUS Equity Opportunities SE & Co. KGaA. This corresponds to a dividend increase of 63 percent compared with the previous year. The dividend comprises a base dividend of EUR1.00 per share (prior year: EUR0.90) as well as a special dividend of EUR3.00 per share (prior year: EUR1.55). Thus, the distribution amounts to a total of EUR120.0 million.
Prof. Dr. Bernd Mühlfriedel and Holger Schulze, whose terms of office ended with today’s annual general meeting, were once again elected as members of the Supervisory Board of AURELIUS Equity Opportunities SE & Co. KGaA. Prof. Dr. Mark Wössner, Dr. Ulrich Wolters, Dr. Frank Hübner-von Wittich, and Maren Schulze remain members of the Board.
Transparency will be further increased
In order to further increase the Group’s transparency, the Net Asset Value (NAV) of Group entities will be audited in the future as part of the audit of the financial statements. Also, in the third quarter of 2017, a call for tenders will be conducted for the selection of the auditor for fiscal year 2017. Audit firms from the group referred to as the “Big Four” will also be selected to participate in this call for tenders.
Record year 2017 expected: EBITDA should exceed the EUR500 million threshold
The Executive Board of AURELIUS Equity Opportunities expects to end the current business year with new records with respect to revenue and earnings. Given consolidated revenues of around EUR4 billion, EBITDA for the combined group should increase to more than EUR500 million.
After already one successful sale of a company, two company acquisitions and two so-called add on-acquisitions, the transaction pipeline is well-filled. In total, at least six companies are to be acquired and one to two additional sales should take place in the current fiscal year.
ABOUT AURELIUS
AURELIUS Group is a pan-European asset manager with offices in Munich, London, Stockholm and Madrid. Over the last ten years AURELIUS has grown from a local turnaround investor to an international multi-asset manager investing in a wide range of sectors and across the capital structure.
AURELIUS Equity Opportunities SE & Co. KGaA (ISIN: DE000A0JK2A8, Ticker Symbol: AR4) represents the listed entity within the AURELIUS Group that focusses on investing in Special Situations and MidMarket transaction opportunities. AURELIUS Equity Opportunities currently has 25 portfolio companies located across Europe which employ around 25,000 people and generate annual revenues of more than EUR 4.0 billion. The shares of AURELIUS Equity Opportunities are traded on all German stock exchanges with a market capitalization of c. EUR 1.6 billion as of June 2017.
With its group charity AURELIUS Refugee Initiative, AURELIUS provides comprehensive support for refugees on their way towards a better life.
To find out more, visit www.aureliusinvest.com
CONTACT
AURELIUS Group
Anke Banaschewski
Investor Relations & Corporate Communications
Phone: +49 (89) 544799-0
Fax: +49 (89) 544799-55
E-Mail: [email protected]
21.06.2017 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.
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| Language: | English |
| Company: | AURELIUS Equity Opportunities SE & Co. KGaA |
| Ludwig-Ganghofer-Straße 6 | |
| 82031 Grünwald | |
| Germany | |
| Phone: | +49 (0)89 544 799-0 |
| Fax: | +49 (0)89 544 799-55 |
| E-mail: | [email protected] |
| Internet: | www.aureliusinvest.de |
| ISIN: | DE000A0JK2A8 |
| WKN: | A0JK2A |
| Listed: | Regulated Unofficial Market in Berlin, Munich, Stuttgart, Tradegate Exchange; Open Market in Frankfurt |
| End of News | DGAP News Service |