DGAP-Adhoc: JDC Group AG: New material shareholder in JDC Group AG

New material shareholder in JDC Group AG

Canadian Great-West Lifeco Inc., through its Irish subsidiary Canada Life Irish Holding Company Ltd (CLHI), today agreed to acquire 28% of the share capital in JDC Group AG (ISIN DE000A0B9N37) and will thus become JDC Group AG's largest shareholder. The shares are sold by Grace Beteiligungs GmbH and Aragon Holding GmbH, which are the holding companies of management board members Dr. Sebastian Grabmaier und Ralph Konrad. Both Grace Beteiligungs GmbH and Aragon Holding GmbH remain relevant shareholders in JDC Group AG. There is no plan to make changes in the management board.

The acquisition of this stake in JDC Group AG by Great-West Lifeco Inc. through CLHI is subject to the usual conditions, especially the requirement for regulatory approval.

About JDC Group AG

JDC Group AG (ISIN: DE000A0B9N37) stands for modern financial advice and intelligent financial technology for advisors and customers. In the "Advisortech" business unit, we provide our customers and advisors with modern advisory and administration technology using the Jung, DMS & Cie. Groups. While many sales and distribution partners perceive the technological transformation as a problem and the young Fintech companies as the new competitors, we perceive the "technology" factor to be a great opportunity. Solutions from the "Advisortech" business unit will help advisors in the future to take even better care of their customers and generate increased sales in their earnings. In the "Advisory" segment, we procure financial products for private end customers via free advisors, brokers and financial distributors using the FiNUM Group. With over 16,000 connected sales partners, a portfolio of more than EUR 4.5 billion and over EUR 1.5 billion in product sales each year, we are one of the market leaders in the German-speaking region.

Disclaimer:

The Directors of JDC Group AG, Dr. Sebastian Grabmaier and Ralph Konrad, hold a significant participating interest in JDC Group AG and have a self-interest in the nature and content of the information provided in this release.