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    PAT   DE000PAT1AG3

PATRIZIA AG

(PAT)
  Report
Real-time Estimate Quote. Real-time Estimate Tradegate - 09/22 03:58:01 pm
23.4 EUR   +1.52%
09/16PATRIZIA : Gets a Buy rating from DZ Bank
MD
09/15PATRIZIA AG english
DJ
09/14PATRIZIA : Gets a Buy rating from Kepler Cheuvreux
MD
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DGAP-Adhoc : PATRIZIA AG: PATRIZIA to align legal structure to reflect its grown international business activity

07/30/2021 | 08:51am EDT
DGAP-Ad-hoc: PATRIZIA AG / Key word(s): Miscellaneous 
PATRIZIA AG: PATRIZIA to align legal structure to reflect its grown international business activity 
30-Jul-2021 / 14:50 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. 
=---------------------------------------------------------------------------------------------------------------------- 
Publication of insider information pursuant to Article 17 MAR 
PATRIZIA to align legal structure to reflect its grown international business activity - conversion to SE ensures 
management stability - new committees to further strengthen corporate governance 
Augsburg, 30 July 2021 - The Management Board of PATRIZIA AG has on 29 July 2021 decided, with today's approval by its 
Supervisory Board, to initiate the conversion of PATRIZIA AG into the legal form of a European company ("Societas 
Europaea" or "SE") by 2022. 
The former dualistic management system of the Management and Supervisory Board will in future be adapted to the 
internationally customary monistic management system, with a single Board of Directors supplemented by Executive 
Directors. 
It is intended that the founder, Chairman of the Management Board and CEO of PATRIZIA AG, Wolfgang Egger, will join the 
Board of Directors and continue his role as CEO. The Management Board contract of Wolfgang Egger has recently been 
extended until end of June 2024, ensuring continued management stability. The group of Executive Directors outside of 
the Board of Directors is expected to mainly consist of the current members of the Management Board. 
Further independent non-executive directors will be joining the Board of Directors. It is intended that the Board of 
Directors will be chaired by an independent non-executive director. PATRIZIA had already announced its plans to 
strengthen the Supervisory Board's profile and diversity on 11 May 2021. The company also plans to strengthen its 
Supervisory Board governance with the initiation of an audit committee following its 14 October 2021 annual general 
meeting. 
The conversion into the legal form of a European company requires, among other things, approval by shareholders of 
PATRIZIA AG. Corresponding resolution proposals are to be submitted to the 2022 annual general meeting for approval, 
which is planned to be held on 1 June 2022. 
The legal position of the shareholders of PATRIZIA AG remains principally unaffected by conversion into a European 
company. They will hold the same number of no-par-value registered shares in PATRIZIA SE. Furthermore, the stock 
exchange trading of the shares will remain unaffected by the SE conversion. 
Contact: 
Martin Praum 
Head of Investor Relations 
Phone: +49 (0)821 50910-402 
investor.relations@patrizia.ag 
 
=---------------------------------------------------------------------------------------------------------------------- 
30-Jul-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and 
Press Releases. 
Archive at www.dgap.de 
=---------------------------------------------------------------------------------------------------------------------- 
Language:     English 
Company:      PATRIZIA AG 
              Fuggerstraße 26 
              86150 Augsburg 
              Germany 
Phone:        +49 (0)821 - 509 10-000 
Fax:          +49 (0)821 - 509 10-999 
E-mail:       investor.relations@patrizia.ag 
Internet:     www.patrizia.ag 
ISIN:         DE000PAT1AG3 
WKN:          PAT1AG 
Indices:      SDAX 
Listed:       Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, 
              Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange 
EQS News ID:  1223080 
 
End of Announcement  DGAP News Service 
=------------ 

1223080 30-Jul-2021 CET/CEST

 
Image link: 
https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1223080&application_name=news 
 

(END) Dow Jones Newswires

July 30, 2021 08:50 ET (12:50 GMT)

All news about PATRIZIA AG
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09/14PATRIZIA : Buy rating from Deutsche Bank
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Analyst Recommendations on PATRIZIA AG
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Financials
Sales 2021 339 M 397 M 397 M
Net income 2021 70,1 M 82,0 M 82,0 M
Net cash 2021 186 M 217 M 217 M
P/E ratio 2021 29,9x
Yield 2021 1,40%
Capitalization 2 082 M 2 444 M 2 434 M
EV / Sales 2021 5,59x
EV / Sales 2022 4,86x
Nbr of Employees 894
Free-Float 45,3%
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Technical analysis trends PATRIZIA AG
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Income Statement Evolution
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Mean consensus BUY
Number of Analysts 6
Last Close Price 23,30 €
Average target price 28,57 €
Spread / Average Target 22,6%
EPS Revisions
Managers and Directors
Wolfgang Egger Co-Chief Executive Officer & Director
Thomas Wels Co-Chief Executive Officer
Karim Bohn Chief Financial Officer
Theodor Seitz Chairman-Supervisory Board
Manuel Kńsbauer Chief Technology & Innovation Officer