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Heliad Equity Partners GmbH & Co. KGaA / Key word(s): Strategic Company Decision
General partner and supervisory board of Heliad Equity Partners GmbH & Co. KGaA plan to change the fee structure of the general partner
Ad hoc notification pursuant to art. 17 MAR
The planned structure will lead to a significant reduction in costs for the company. The change in the compensation structure underlines the long-term investment approach of the Company and increasingly harmonizes the interests of the shareholders and the general partner.
Accordingly, the annual liability remuneration of the general partner shall be 4% of the share capital of Heliad Equity Partners GmbH & Co. KGaA. In addition, an annual management fee shall be introduced, which essentially amounts to 1.75% of the HGB equity value and is reduced to 1.50% (of the exceeding amount) for an HGB equity value of more than € 300 million, and to 1.25% (of the exceeding amount) for an HGB equity value of more than € 500 million; at least, however, amount to € 2.5 million. As a result of the amendment, the management fee in relation to the net asset value will be lower in total. Since the basis of the assessment of financial assets shall be the equity value according to HGB and no longer according to IFRS as before, the remuneration will no longer relate to unrealized gains, as was previously the case due to the fair value approach of financial instruments under IFRS accounting.
The performance fee shall continue to amount to 20% of pre-tax earnings. However, earnings falling below a minimum rate of return of 25% will be deducted from this on a pro rata basis, with the minimum rate of return being calculated based on the initial acquisition costs. Generally, no performance fee is to be imposed on reversals of impairment losses, except where a respective write-down in previous periods has led to a reduction in the profit-based remuneration.
The current placement fee of 1.5% on the gross emission proceeds from capital increases will be reduced to 0.5%.
The described fees are exclusive of a possible value added tax.
Heliad (ISIN: DE000A0L1NN5 / Ticker: HPBK) is a listed investment company with a mission to empower both entrepreneurs and investors. The company invests in market leading companies across various verticals and regions to power their next phase of growth. As a listed company and through our strong team and strategic partners, Heliad can support companies pre, at and post IPO and act as a gateway to public equity capital markets.
An evergreen structure allows Heliad to act independently of usual fund lifecycles and provides shareholders with unique access to pre-IPO market returns without any restrictions or limitations in terms of investment size and term commitment. Further information about Heliad can be found under www.heliad.com follow us on LinkedIn.
06-May-2022 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Heliad Equity Partners GmbH & Co. KGaA
+49 69 719 12 80 0
+49 69 719 12 80 999
Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Munich, Stuttgart, Tradegate Exchange
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