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ALLGEIER SE (FRA:AEI) Allgeier SE: Resolution on the spin-off of the Nagarro Group and dividend

Directive transparence : information réglementée

14/08/2020 13:14

DGAP-Ad-hoc: ALLGEIER SE / Key word(s): Strategic Company Decision/Dividend
Allgeier SE: Resolution on the spin-off of the Nagarro Group and dividend

14-Aug-2020 / 13:14 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Munich, August 14, 2020 - The Management Board and Supervisory Board of Allgeier SE (ISIN DE000A2GS633, WKN A2GS63) have decided in their meetings today to submit the spin-off of the Nagarro Group to the Annual General Meeting of Allgeier SE for approval. The Annual General Meeting of Allgeier SE shall take place on September 24, 2020. The spin-off agreement between Allgeier SE and Nagarro SE will be notarized today. The spin-off report and the spin-off agreement will be published together with the invitation to the Annual General Meeting of Allgeier SE in the course of next week.

Furthermore, due to the positive business development 2019, the Management Board and Supervisory Board of Allgeier SE have decided that the payment of a dividend of EUR 0.50 per share for the financial year 2019 is appropriate and justified. The Management and Supervisory Boards will propose a corresponding resolution proposal to the Annual General Meeting. The decision was taken by the Management Board and Supervisory Board against the background of the sustained good business performance in the first half of 2020. Finally, the Management and Supervisory Boards have decided that Allgeier SE's treasury shares should be sold before the spin-off of Nagarro Group becomes effective. Allgeier SE currently holds 105,351 treasury shares. The disposal of the treasury shares to interested investors is to be carried out in the next three months via the stock exchange or as a so-called block trade.


Contact:

Allgeier SE
Corporate Communications & Investor Relations
Dr. Christopher Große
Einsteinstraße 172
81677 Munich
Phone: +49 (0)89/998421-0
Fax: +49 (0)89/998421-11
E-mail: ir@allgeier.com
Web: www.allgeier.com

14-Aug-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: ALLGEIER SE
Einsteinstraße 172
81677 München
Germany
Phone: +49 (0) 89 - 99 84 21 0
Fax: +49 (0) 89 - 99 84 21 11
E-mail: info@allgeier.com
Internet: http://www.allgeier.com
ISIN: DE000A2GS633
WKN: A2GS63
Indices: CDAX
Listed: Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Stuttgart, Tradegate Exchange
EQS News ID: 1118279

 
End of Announcement DGAP News Service

1118279  14-Aug-2020 CET/CEST

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