GRENKE AG: Grenke family reaffirms commitment to the Company
September 21, 2020 at 03:58 am EDT
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DGAP-News: GRENKE AG
/ Key word(s): Statement
GRENKE AG: Grenke family reaffirms commitment to the Company
21.09.2020 / 09:58
The issuer is solely responsible for the content of this announcement.
Grenke family reaffirms commitment to the Company
Baden-Baden, September 21, 2020: The Grenke family continues to pursue its investment in GRENKE AG and reaffirms its long-term commitment to the Company. The Grenke family, whose shares are pooled in Grenke Beteiligung GmbH & Co. KG, currently holds a share of 40.84%. Wolfgang Grenke himself holds an arithmetical share of about 8%.
Following the example of other listed companies with significant family ownership, the members of the Grenke family are mutually bound and obligated through the articles of association of Grenke Beteiligung GmbH & Co. KG. Through this arrangement, the family offers long-term security and orientation to the Company and the other shareholders. The family also committed to a substantial portion of the 2020 scrip dividend of GRENKE AG. In expressing its commitment, the family had chosen to receive the dividend for 50% of its shareholding in the form of shares, thereby subscribing to approximately 60% (84,026 shares) of the newly issued shares.
For further information, please contact:
GRENKE AG
Petra Häußler
Neuer Markt 2
76532 Baden-Baden
Phone: +49 7221 5007-180
Email: phaeussler@grenke.de
Internet: www.grenke.de
21.09.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
Language:
English
Company:
GRENKE AG
Neuer Markt 2
76532 Baden-Baden
Germany
Phone:
+49 (0)7221 50 07-204
Fax:
+49 (0)7221 50 07-4218
E-mail:
investor@grenke.de
Internet:
www.grenke.de
ISIN:
DE000A161N30
WKN:
A161N3
Indices:
MDAX
Listed:
Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
Grenke AG, formerly Grenkeleasing AG, is a Germany-based leasing company. The Company divides business activities into three business segments: Leasing, Banking and Factoring. The Leasing segment provides financing to commercial leasing, rental, insurance, service, and maintenance offerings, as well as the disposal of used equipment. The Banking segment comprises the activities of Grenke Bank AG, which is a financing partner particularly to small and medium-sized companies, in addition to the provision of financing in the context of business start-ups, as well as fixed-term deposits with main focus on German customers. The Factoring segment contains the activities of Grenkefactoring GmbH, which performs traditional factoring services, focusing on small-ticket factoring in Germany. The Company operates through various subsidiaries, branch offices and franchises across Europe.
GRENKE AG 
