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Investor Relations
Resolution on the spin-off of the Nagarro Group and dividend

08/14/2020

Publication of inside information pursuant to Art. 17 MAR

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.