25.06.2018
Lloyd Fonds Aktiengesellschaft DE000A12UP29
DGAP-Adhoc: Lloyd Fonds AG announcing measures for repositioning itself together with its consolidated net profit for 2017 and profit allocation proposal
DGAP-Ad-hoc: Lloyd Fonds Aktiengesellschaft / Key word(s): Strategic Company
Decision/Dividend
Lloyd Fonds AG announcing measures for repositioning itself together with
its consolidated net profit for 2017 and profit allocation proposal
25-Jun-2018 / 19:56 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation
(EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Lloyd Fonds AG announcing measures for repositioning itself together with
its consolidated net profit for 2017 and profit allocation proposal
- New orientation towards liquid investment products
- Comprehensive package of measurements for continued growth developed
- Consolidated net profit of EUR 1.4 million for 2017
- Management Board and Supervisory Board proposing full retention of the
Company's profit for 2017 to future growth
Hamburg, June 25, 2018. At its meeting today, the Supervisory Board of Lloyd
Fonds AG (Deutsche Börse Scale, ISIN DE000A12UP29) laid the foundations for
the Company's continued reorientation. Looking forward, the Management Board
and Supervisory Board plan to position the Company as a bank independent,
listed asset manager with a focus on actively managed, liquid retail
investment funds. For this purpose, a separate capital management company
(KVG) is to be established. At the same time, growth will be driven both
organically and non-organically through the acquisition of external
investment assets. In addition to managing investment funds, the Company
will also be engaging in individual asset management, which will be
supported by an innovative, digital fund allocation approach.
The Management Board and Supervisory Board are currently developing a
comprehensive package of measures for Lloyd Fonds AG's planned reorientation
and continued growth. Among other things, the shareholders are to be asked
to approve a resolution at the annual general meeting planned for August 16,
2018, providing for amendments to the articles of incorporation to broaden
the Company's business object as well as other measures. The details of the
planned measures are to be presented to the shareholders at the annual
general meeting planned for August 16, 2018.
Consolidated net profit for 2017; profit allocation proposal
Consolidated net profit of EUR 1.4 million was achieved in 2017 (previous
year: EUR 3.2 million). Earnings before tax (EBT) for 2017 reached EUR 1.2
million (previous year: EUR 3.2 million). As of December 31, 2017, the
Company had an equity ratio of 70.1% (previous year: 69.3%) and liquidity of
EUR 10.0 million (previous year: EUR 11.7 million). Lloyd Fonds AG's annual
report is expected to be published in German on June 29, 2018.
Following the placement of fresh capital in June 2018, the Management Board
and the Supervisory Board will be asking the shareholders at the annual
general meeting planned for August 16, 2018 to approve a resolution to omit
the dividend for 2017 and, instead, to reinvest the surplus into the
company's growth.
About Lloyd Fonds AG
Lloyd Fonds AG develops and manages investments for private and
institutional investors. To date, it has structured more than 100
alternative investments in real estate, shipping, aircraft, private equity,
traded UK life insurance policies and renewable energies. Total investments
are valued at around EUR 5 billion. Lloyd Fonds AG has been listed on the
stock market since 2005 and joined Deutsche Börse's Scale Standard in March
2017.
Contact:
Hendrik Duncker
IR/PR
Lloyd Fonds AG
Amelungstraße 8-10
20354 Hamburg
Tel: +49-40-325678-145
Fax: +49-40-325678-99
Mail: [email protected]
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Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: Lloyd Fonds Aktiengesellschaft
Amelungstr. 8-10
20354 Hamburg
Germany
Phone: +49 (0)40 32 56 78-0
Fax: +49 (0)40 32 56 78-99
E-mail: [email protected]
Internet: www.lloydfonds.de
ISIN: DE000A12UP29
WKN: A12UP2
Listed: Regulated Unofficial Market in Berlin, Dusseldorf,
Frankfurt (Scale), Hamburg, Munich, Stuttgart, Tradegate
Exchange
End of Announcement DGAP News Service
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698567 25-Jun-2018 CET/CEST
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