Shareholder Value Beteiligungen AG: directors' dealings · Germany · BaFin

About Shareholder Value Beteiligungen AG

Shareholder Value Beteiligungen AG is a German listed investment company focused on a disciplined value-investing approach to small and mid-cap equities in Europe. The shares trade on Xetra/Frankfurt (DAX/MDAX/SDAX) and the company is headquartered in Germany, in Frankfurt am Main. Its core activity is the deployment of proprietary capital into publicly listed companies, with a primary objective of growing intrinsic value over time through a combination of capital appreciation and dividend income. In other words, the company behaves more like an active investment holding vehicle than an operating industrial business. The company’s roots go back to the investment culture that emerged around the R 3000 stock club, whose origins date to 1980. Shareholder Value Beteiligungen AG itself was founded in 2001 as an investment vehicle and later listed on the stock market. This historical background matters because it explains the firm’s long-term orientation, fundamental discipline, and strong focus on absolute returns rather than index-relative positioning. Portfolio advice is provided by Shareholder Value Management AG, which is closely associated with the group’s investment tradition and analytical framework. Strategically, the portfolio is concentrated primarily in listed small-cap companies in Germany, Austria, Switzerland and, more broadly, Europe. The company also invests in special situations, including corporate events and other valuation-driven opportunities. Its competitive edge lies in deep fundamental research, patience, and the ability to identify businesses that trade below intrinsic value or where catalysts can unlock hidden value. This makes the stock relevant for investors seeking exposure to a concentrated, style-driven capital allocation platform rather than a diversified asset manager. Recent developments underline this profile. In September 2024, the company completed the disposal of a large block in SMT Scharf, a transaction connected to a change of control at the target level. In 2025, management published regular intrinsic-value updates, showing year-to-date progress in NAV-style value metrics, supported by the performance of holdings such as secunet Security Networks, FamiCord and a newly added position in SDI PLC. The company also announced in February 2025 that Frank Fischer stepped down from the management board, marking a transition toward a more internally built management structure. For market participants, another relevant aspect is that the company and its management are subject to Germany’s regulatory disclosure framework, including MAR Article 19 director-dealing notifications to BaFin, which is standard for a listed issuer on the German market.