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EQS-News: SGT German Private Equity GmbH & Co. KGaA / Key word(s): Annual Report/Alliance
SGT German Private Equity evaluates arising opportunities and is optimistic about the future
2024-07-02 / 13:59 CET/CEST
The issuer is solely responsible for the content of this announcement.

+++ Press release +++

SGT German Private Equity evaluates arising opportunities and
is optimistic about the future

. Conversations about a cooperation with an artificial intelligence platform of renowned AI experts
. Publication of the 2023 Annual Report including the audited annual financial statements
. Evaluation of the opportunities of a reverse listing

Frankfurt/Main, 2 July 2024 - SGT German Private Equity ("SGF"), and designated 'German AI Group', a holding based in
Frankfurt am Main, is in discussion about a close cooperation through to a significant equity stake in an AI strategy
consulting company. This is to be founded in the near future by recognized German AI specialists who want to team up
with SGF. The founders are renowned experts in their respective field and have seen a high and increasing demand for
AI-related consultancy from companies, organizations, consulting firms as well as from politics, public administrations
and universities for years.
They also have direct access to resources, i.e. young AI specialists, which is likely to gain critical importance in
the emerging "war for talent" in the AI sector. In case of a collaboration, SGF will contribute its knowledge and
experience as a leading German venture capital investor under the 'German Startups Group' brand (2012 - 2020) to
jointly support, incubate and fund promising German AI start-ups from the seed stage onwards. SGF has developed two
very promising concepts for US style AI start-ups based. Christoph Gerlinger: "Every single seed AI start-up can
generate a company value within a few months that exceeds our current market capitalization."
Both parties are also exploring the possibility of jointly launching a Germany-centric AI VC fund under the name
'German AI Fund'. Christoph Gerlinger, founder and CEO of SGF and the designated German AI Group: "We can lean on the
astonishing fact that Germany ranks second in the world in terms of the number of AI patents."
Annual report 2023 including audited annual financial statements published
SGF published its annual report together with the consolidated financial statements for 2023 on 30 June 2024 on its
website. The book value of equity per outstanding share as a measure of the net asset value of the share has only
decreased by EUR 0.38 from EUR 2.15 (31 December 2023) to EUR 1.77 per share despite the high one-off losses from the
termination of the private equity asset management business of its subsidiary SGT Capital Pte. Ltd ("SGTPTE").
The losses and risks from the termination of the private equity asset management business of its subsidiary SGTPTE and
its planned liquidation have already been fully recognized in the 2023 annual financial statements. SGTPTE, which has
been dormant since March 2024, is to be liquidated before end of 2024. Its net asset value of over EUR 4 million is to
be transferred to SGF.
The auditor has issued a qualified audit opinion. Its qualification relates to the disclosure of the outstanding shares
in the balance sheet, in which the management has already taken into account the gratuitous transfer of 36,714,800
shares to the company, which was not completed in rem until 26 February 2024, as at 31 December 2023 on the basis of
commitments to this effect and in agreement with the Supervisory Board. It considers this presentation to be correct,
as the return of shares forms an economic bundle with the discontinuation of the private equity business and the
resulting mark-down of the goodwill and intangible assets capitalized in connection with SGTPTE. However, the auditor
believes that the return of shares should only be taken into account from 26 February 2024. Hence this disagreement has
already been resolved as of 26 February 2024, as from this date it is undisputed that only the number of outstanding
shares, which has been reduced to 9,587,000, is to be reported.
Evaluation of the opportunities of a reverse listing
Additional opportunities arise for SGF from the possibility of using its stock exchange listing alternatively or
cumulatively for a so-called reverse listing of a tech or other growth company. Discussions are currently taking place
with two seemingly attractive candidates. In such a transaction, SGF would use its own shares, but at an applicable
stock price that is a multiple of the current stock price. In the opinion of the management, the decisive factor for
the price to be applied is the book value of the equity per SGF share, thus sort of a net asset value, of EUR 1.77 (as
of 31.12.23) and other economic values not recognized in the balance sheet, such as certain know-how and the stock
market listing.
According to the management's assessment, within a short amount of time, SGF has emerged from a difficult situation
that arose surprisingly, caused by SGT Capital and announced on 13 March 2024, and is now back in a solid economic
condition with good prospects.


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.

Investor Relations Contact
Rosenberg Strategic Communications
Dirk Schmitt
d.schmitt@rosenbergsc.com
+49 170 302 8833

2024-07-02 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.

Archive at www.eqs-news.com  
Language:     English 
Company:      SGT German Private Equity GmbH & Co. KGaA 

Senckenberganlage 21
60325 Frankfurt/Main
Germany

Phone:        069-348690520 
Fax:          069-348690529 
E-mail:       info@sgt-germanpe.com 
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:  1937319 

End of News EQS News Service
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1937319 2024-07-02 CET/CEST

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END) Dow Jones Newswires

July 02, 2024 07:59 ET (11:59 GMT)