Mutares SE & Co. KGaA increases its dividend proposal for the financial year 2022 to EUR 1.75

basis dividend of EUR 1.00 per share as planed (previous year: EUR 1.00)
additional performance dividend of EUR 0.75 (previous year: EUR 0.50)
information on how to support the dividend proposal in the Annual General Meeting (Countermotion B to the agenda item 2)

Munich, 7 July 2023 – The Management Board of Mutares Management SE (“Management Board”), the general partner of Mutares SE & Co. KGaA (ISIN: DE000A2NB650) (“Company“), and the Company’s Supervisory Board today resolved, to propose to the Annual General Meeting of Mutares SE & Co. KGaA to be held on 10 July 2023 the distribution of a dividend in the amount of EUR 1.75 per dividend-bearing share for the appropriation of the retained earnings for the financial year 2022 in the amount of EUR 117,828,514.82.

This dividend amount consists of a basis dividend of EUR 1.00 (previous year: EUR 1.00) per dividend-bearing share as previously announced on 6 April 2023 and in line with the communicated long-term dividend policy as well as an additional proposed performance dividend for the financial year 2022 of EUR 0.75 (previous year: EUR 0.50) per dividend-bearing share.

Reasons for the updated dividend proposal

On 6 April 2023, the Management Board and the Supervisory Board announced that they would propose a basic dividend of EUR 1.00 per dividend-bearing share for the financial year 2022 and reserved the right to propose an additional performance dividend of up to EUR 1.00 per dividend-bearing share until the Annual General Meeting on 10 July 2023, depending on further successful sales of companies.

On 5 May 2023, the Company announced that it had signed an agreement to sell its portfolio company Special Melted Products Ltd. (“SMP”) to Cogne Acciai Speciali S.p.A. Taking into account deductible items, variable compensation and transaction costs, the Company expects an inflow in the three-digit million range of up to EUR 150 million. The Company has been working intensively with the buyer of the SMP stake over the last few weeks in order to successfully close the transaction in the course of the third quarter of this year at any rate. For this reason, the Management Board and the Supervisory Board have assessed the current status of the closing activities today and, on this basis, decided to propose to the Annual General Meeting the distribution of an additional performance dividend for the financial year 2022 of EUR 0.75, even though the SMP transaction will not be finally closed by the time of the Annual General Meeting on 10 July 2023.

Information on the exercise of voting rights for the increased dividend proposal for the fiscal year 2022 of EUR 1.75

Shareholders who are entered in the Company’s share register for the registered shares and who are duly registered for the Annual General Meeting on 10 July 2023 can already exercise their voting right for the dividend proposal in the amount of EUR 1.75 per dividend-bearing share prior to the Annual General Meeting via the password-protected Internet service or by using the form “Granting of proxy authorization and issuing instructions to the voting proxies appointed by the Company” available on the Company’s website. Therefore, the Company published a separate countermotion to agenda item 2 in accordance with the updated dividend proposal of the management on its website, which the CEO Robin Laik will formally submit to the Annual General Meeting in his capacity as a shareholder of the Company. This countermotion on agenda item 2 is marked with the capital letter B and proposes the distribution of a dividend in the total amount of EUR 1.75 for the financial year 2022 per no-par value share entitled to dividend.

Therefore, the General Partner, the Shareholders’ Committee and the Supervisory Board now propose that the Annual General Meeting on 10 July 2023 resolves under agenda item 2 in accordance with the countermotion with the capital letter B to use the net retained profits of Mutares SE & Co. KGaA for the financial year 2022 in the amount of EUR 117,828,514.82 to distribute a dividend in the amount of EUR 1.75 per dividend-bearing share and otherwise to carry it forward to new account.

With 20,626,256 dividend-bearing shares the total dividend distribution thus amounts to EUR 36,095,948.00. The treasury shares held by the Company do not carry dividend rights in accordance with sec. 71b of the German Stock Corporation Act (Aktiengesetz, AktG).

Therefore, the following appropriation of net retained profits would have to be resolved:

	EUR
Distribution to shareholders	36,095,948.00
Profit carried forward	81,732,566.82
Net retained profits	117,828,514.82

Company profile of Mutares SE & Co. KGaA

Mutares SE & Co. KGaA, Munich (www.mutares.com), as a listed private equity holding company with offices in Munich (HQ), Amsterdam, Frankfurt, Helsinki, London, Madrid, Milan, Paris, Stockholm, Vienna and Warsaw, acquires medium-sized companies in special situations, based in Europe, which show significant operational improvement potential and are sold again after undergoing a repositioning and stabilization process. For the financial year 2023, consolidated revenues of EUR 4.8 billion to EUR 5.4 billion are expected. Based on this, consolidated revenues are to be expanded to approx. EUR 7 billion by 2025. As the portfolio grows, so do consulting revenues, which together with portfolio dividends and exit proceeds accrue to the Mutares Holding. Accordingly, a net income in the holding company in the range of EUR 125 million to EUR 150 million is expected for the financial year 2025. The Management Board and Supervisory Board together hold more than one third of all Mutares shares with voting rights. The shares of Mutares SE & Co. KGaA are traded on the Regulated Market of the Frankfurt Stock Exchange under the symbol “MUX” (ISIN: DE000A2NB650).

For more information, please contact:

Mutares SE & Co. KGaA
Investor Relations
Phone: +49 89 9292 7760
E-mail: [email protected]
www.mutares.com

Press contacts
CROSS ALLIANCE communication GmbH
Susan Hoffmeister
Phone: +49 89 1250 90330
E-mail: [email protected]
www.crossalliance.de

Press contacts in France
CLAI
Matthieu Meunier
Phone: +33 06 26 59 49 05
E-mail: [email protected]