Gentlemen's Equity S.A.: Gentlemen's Equity separates from stake in SP Group (Europe) AG

Investigations against former director as main reason

Nikola Trajanov

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Lisbon / Paris / Zurich (pta025/24.03.2021/13:30 UTC+1) Gentlemen's Equity S.A., a listed holding company based in Portugal (ISIN: PTGVE1AE0009), is selling its shares in SP Group (Europe) AG with immediate effect. The background to this is a judicial investigation against a former member of the company's board of directors. "The shares in SP Group (Europe) AG have already been handed over to a trustee to initiate the sale," said GE CEO Nikola Trajanov.

Gentlemen's Equity (GE) acquired the stake in the SP Group at the turn of 2019/20 in order to promote growth in the DACH region through synergy effects. The SP Group promised further access to investors and asset managers, but then did not take any appropriate measures. As a consequence and in order not to slow down the company's own growth, the stake is now being given up and sold.

In this context, GE makes it clear that the sale of the stake has no impact on its own business and its own growth strategy. Nikola Trajanov, Chairman of the Board of Directors and CEO of Gentlemen's Equity SA, explains: "The original plans together with the SP Group will no longer be pursued."

In February of this year, the police and the public prosecutor's office searched the premises of SP Group (Europe) AG in Zurich. The investigation is being carried out against a former board member of the company. As a result of these events, the two previous directors of SP Group (Europe) AG, Guy Besson and Ralf Woldt, also resigned.

Nikola Trajanov makes it clear that when joining the SP Group, he acted with the best of his knowledge and belief. "We had no and we still have no information about opaque events from 2019 or from previous financial years. The books submitted were checked in detail and showed no irregularities. The history communicated to us was also conclusive."

About Gentlemen's Equity S.A.

Gentlemen's Equity SA is a multinational holding company based in Lisbon; it is listed on the Paris and ENX stock exchanges (ISIN: PTGVE1AE0009). The company participates in international companies in the areas of e-commerce, energy & environment, sport & entertainment, luxury and the food industry. The investment focus is on companies that operate innovatively, sustainably and lucratively on the market or are about to launch a promising market. http://www.gentlemensequity.com

Contakt
Gentlemen's Equity S.A.
Av. da Liberdade N110
1269-046 Lissabon
Phone +351 213 404 620

Investor Relations
Miguel Rocha de Moura
E-Mail: ir@gentlemensequity.com

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Emitter:	Gentlemen's Equity S.A. Avenida da Liberdade, N110, 1st 1269-046 Lisboa Portugal
Contact Person:	Nikola Trajanov
Phone:	+351 214 682 470
E-Mail:	info@gentlemensequity.com
Website:	www.gentlemensequity.com
ISIN(s):	PTGVE1AE0009 (Share)
Stock Exchange(s):	-
Other Stock Exchanges:	Euronext Paris