DEMIRE Deutsche Mittelstand Real Estate AG: Majority shareholder aims for the distribution of a dividend for the financial year 2019 in the amount of the accumulated profit

Langen, 14 August 2020 - Today, DEMIRE Deutsche Mittelstand Real Estate AG (ISIN: DE000A0XFSF0) has received a letter from its majority shareholder, AEPF III S.à r.l. ("Apollo"). In this letter the majority shareholder informs the Executive Board of the Company that in light of the existing significant liquidity it aims for the distribution of a dividend in the amount of the entire accumulated profit.

The accumulated profit as of 31 December 2019 amounted to approximately EUR 57.6 million. As of 30 June 2020, the Company had cash and cash equivalents amounting to proximately EUR 81.0 million. In addition, executed credit agreements with short-term available disbursement amounts of EUR 62.5 million exist.

Apollo holds 64.07% of the voting rights in the Company. The Company expects that the majority shareholder Apollo would exercise its voting rights at the annual general meeting in favour of such a dividend distribution.

DEMIRE Deutsche Mittelstand Real Estate AG
The Executive Board
 

Contact:

Michael Tegeder
Head of Investor Relations & Corporate Finance
DEMIRE Deutsche Mittelstand Real Estate AG
Telephone: +49 (0) 6103 372 49 44
Email: tegeder@demire.ag