Press release on the 2017 Annual General Meeting

21.06.2017

Press release on the 2017 Annual General Meeting

  • Resolution adopted on record dividend of €4.00 per share
  • Transparency will be further increased; in the future, NAVs will also be audited
  • Record year 2017 expected: EBITDA should exceed the €500 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 €4.00 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 €1.00 per share (prior year: €0.90) as well as a special dividend of €3.00 per share (prior year: €1.55). Thus, the distribution amounts to a total of €120.0 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 €500 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 €4 billion, EBITDA for the combined group should increase to more than €500 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.