DGAP-News: Netfonds holds first Annual General Meeting after stock market debut

Netfonds holds first Annual General Meeting after stock market debut

- Wide approval from shareholders for the progress of the platform strategy
- Agenda items to be voted on almost unanimously adopted
- Dividend of EUR 0.15 per share resolved

Hamburg, 14 August 2019 - Netfonds AG (ISIN: DE000A1MME74), a leading platform for administration, consulting, transaction processing and regulation for the financial industry, today held its first Annual General Meeting as a listed company in Hamburg. Of the company's share capital, 77.5% was represented by a good 40 shareholders.

After a welcoming address by the Chairman of the Meeting and Chairman of the Supervisory Board, Klaus Schwantge, CEO Karsten Dümmler took the guests on a tour of the 2018 financial year and at afterwards gave an insight into the progress of the current 2019 financial year. "2018 was a special year for the Netfonds Group. Not only because we have opened ourselves up to a broader community of investors by going public. But above all because we are writing a new chapter in our growth story with the Go Live of the first modules of our digital platform finfire," explains Karsten Dümmler. "Even today, regardless of the daily trend on the capital markets, it is already evident that we can generate increasing sales and earnings contributions quarter after quarter with the new modules of our finfire platform. This momentum will increase even further in the coming quarters as further modules go live".

The highlights of the Group as of 30 June included a new record for AuA (Assets under Administration) of around EUR 10 billion in pure custody business. For the first time in the company's history, sales reached the 50-million-euro mark in a half-year period. In the area of brokerage of tangible assets and real estate via the platform, the subsidiary NSI was already able to exceed the total transaction volume of the previous year in the first half of this year. Until the end of the year, the company is therefore expecting an even more dynamic development, after further increases in transaction volumes in the summer months.

During the general debate, the management received broad approval from the shareholders present for the current course of the company. All items on the agenda were approved almost unanimously as proposed by the management. In detail, the individual agenda items received the following percentage of approval:

Agenda item 2      100.0 percent
Agenda item 3      100.0 percent
Agenda item 4      100.0 percent
Agenda item 5      99.95 percent
Agenda item 6      99.98 percent
Agenda item 7      99.98 percent

The company plans to publish further information on the course of business in the first half of the year at the end of August 2019 once the preliminary figures are available. Further information on the Netfonds Group and its affiliated subsidiaries can be found at www.netfonds.de.

Contact

Ingo Middelmenne
Head of Investor Relations
Netfonds AG
Heidenkampsweg 73
20097 Hamburg
Mobile: +49 - 174 - 90 911 90
Phone: +49 - 40 - 822 267 355
Email: imiddelmenne@netfonds.de

About the Netfonds Group

The Netfonds Group is a leading platform for administration, consulting, transaction processing and regulation for the German financial industry. Under the finfire brand, the company provides its customers with a web-based technology platform that enables financial industry users to fully, safely, and above all fully comply with the relevant MiFID II requirements in financial market transactions. The offer is tailor-made for a wide variety of day-to-day business requirements, from fund management companies, asset managers, financial advisors to specialist banks and insurance companies. Customers of Netfonds thus benefit from the most modern software solution on the market, which simplifies the consultation process, makes it secure and enables target group-specific product marketing. With a total of 187 employees (as at 31.12.2018), the company generated net consolidated sales of EUR 20.2 million in 2018 for gross consolidated sales of EUR 93.6 million. The share of Netfonds AG is listed in the m: access of the Munich Stock Exchange and can be traded via XETRA.