• Scrip dividend: option for shareholders to receive dividend in cash or in the form of new shares
• Active transformation is the basis for NAV target of 55 euros per share
• All items on the agenda passed with a majority

Munich, 23 June 2023 – At the Annual General Meeting that has just ended today, the shareholders of Blue Cap AG (“Blue Cap”) approved all of the proposed resolutions submitted by the Supervisory Board and the Executive Board by a very clear majority. At the Annual General Meeting 2023, around 78 % of the voting share capital was represented. The meeting, which was held virtually in accordance with the new legislation, enabled a more interactive general debate than in previous years and the Blue Cap board was pleased to have lively participation from shareholders.

One of the items on the agenda was the dividend proposal by the Executive Board and the Supervisory Board of 0.90 euros per share. This equals a dividend yield of around 4% given the Xetra closing price of 22.20 euros as at 22 June 2023. With this dividend payout, Blue Cap AG is continuing its stable and sustainable dividend policy despite the uncertain economic and geopolitical times. 

Those participants expressed their appreciation of the fact that for the first time, shareholders could choose between the dividend being paid out in cash or in the form of new shares. Thus, they are free to choose whether and to what extent they wish to make use of the scrip dividend offer. As Blue Cap's major shareholders have already signalled strong support for the scrip dividend, Blue Cap expects a high acceptance rate for this form of participation of shareholders in the long-term success of the company.

This year, no Supervisory Board elections were on the agenda.

High growth and earnings potential up to 2025 with a NAV target of 55 euros per share

The Executive Board's presentation focused not only on the company's operational development but also on its strategic development and, above all, on additional yield increases through an active portfolio transformation. For this purpose, Blue Cap has now established a so-called transformation radar. For each of the portfolio companies, strategic focus areas were defined in this connection centred around the core competencies of "People & Culture", "Growth", "Margin" and "Balance Sheet".

The transformation of each portfolio company is an important prerequisite for reaching the medium-term goals that Blue Cap has set itself up to the end of 2025.  The company sees distinct growth and earnings potential for all of its holdings. Accordingly, the management considers an increase in the net asset value per share from currently 36.60 euros to 55 euros by the end of 2025 to be achievable.

On the way to reaching this goal, the 2023 business year is a transitional year in the face of the currently uncertain economic conditions. Given the recently completed sale of the Uniplast subsidiary, the Executive Board expects Group revenue for 2023 to be in the range of 300 - 320 million euros and the adjusted EBITDA margin to be 8 - 9 %.

The detailed voting results of the Annual General Meeting and other documents will be published at https://www.blue-cap.de/en/investor-relations/annual-general-meeting/.

About Blue Cap AG

Blue Cap AG is a capital market-listed investment company founded in 2006 and headquartered in Munich. The company invests in medium-sized companies from the B2B sector and supports them in their entrepreneurial development. The holdings are headquartered in the DACH region, generate sales of between EUR 30 and 80 million and have a sound core business. Blue Cap holds mostly majority stakes in eight companies in the adhesives technology & coating technology, plastics technology, production technology, medical technology and business services sectors. The companies in the Blue Cap Group develop independently and each pursues its own growth strategy. The Group currently employs around 1,400 people in Germany and other European countries. Blue Cap AG is listed on the over-the-counter market (Scale, Frankfurt and m:access, Munich; ISIN: DE000A0JM2M1; stock exchange symbol: B7E). www.blue-cap.de

Contact:

Blue Cap AG
Lisa Marie Schraml
Investor Relations & Corporate Communications
Tel. +49 89 288909-24
[email protected]