01.06.2016
TLG IMMOBILIEN AG DE000A12B8Z4
DGAP-News: TLG IMMOBILIEN AG's Annual General Meeting sets course for further growth
DGAP-News: TLG IMMOBILIEN AG / Key word(s): AGM/EGM/Real Estate
TLG IMMOBILIEN AG's Annual General Meeting sets course for further growth
01.06.2016 / 07:00
The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------
Press release
TLG IMMOBILIEN AG's Annual General Meeting
sets course for further growth
- Resolutions proposed by the Management Board and the Supervisory Board
passed with large majorities
- EUR 0.72 dividend per share resolved
- Management Board authorised to implement further corporate actions
- Helmut Ullrich elected as a member of the Supervisory Board
- Alexander Heße resigned from the Supervisory Board with effect from the
conclusion of the Annual General Meeting
Berlin, 1 June 2016 - Yesterday, the second Annual General Meeting of TLG
IMMOBILIEN AG since the Company's IPO set the course for the Company's
further growth. All resolutions proposed by the Management Board and the
Supervisory Board were passed by a large majority of shareholders in
attendance.
The proposal on the allocation of net retained profits for financial year
2015 amounting to approx. EUR 50.6 m was adopted by the Annual General
Meeting with a 99.9998% majority of the voting shareholders. In accordance
with this resolution, a total amount of approx. EUR 48.6 m will be
distributed as a dividend to the shareholders. That corresponds to a EUR
0.72 dividend per share. The remainder of approx. EUR 2.0 m will be carried
forward to new account. Since the dividend will be paid entirely from the
contribution account for tax purposes within the meaning of § 27 of the
German Corporation Income Tax Act (Körperschaftsteuergesetz), it will be
distributed without any tax on investment income or solidarity surcharge
being withheld, and the dividend payment will not result in taxable
investment income pursuant to § 20 (1) sentence 1 no. 1 of the German
Income Tax Act (Einkommensteuergesetz).
The actions of the members of the Management Board and the Supervisory
Board in 2015 were approved by significant majorities of 99.9% and 99.4%,
respectively, of the Company's voting share capital represented at the
Annual General Meeting.
The Annual General Meeting again elected Ernst & Young
Wirtschaftsprüfungsgesellschaft GmbH, Berlin, as auditor of the annual and
consolidated financial statements for financial year 2016 and to review the
2016 half-yearly financial report; the firm was elected by a 98.1% majority
of voting share capital represented at the Annual General Meeting.
In addition, the creation of further Authorised Capital 2016, the
authorisation of the Management Board to issue convertible bonds, warrant
bonds, profit participation rights and/or income bonds (or a combination of
these instruments), and the creation of a new Conditional Capital 2016 was
adopted with majorities of 96.7% and 93.0%, respectively, of the voting
share capital represented at the Annual General Meeting.
Furthermore, Helmut Ullrich was elected as a member of the Supervisory
Board with a majority of 99.0% of the voting share capital represented at
the Annual General Meeting. The previous Deputy Chairman of the Supervisory
Board, Alexander Heße, resigned from the Supervisory Board with effect from
the conclusion of the Annual General Meeting and is therefore no longer a
member. The Supervisory Board is already looking into filling the vacancy.
"We would like to sincerely thank our shareholders for the trust they have
placed in us. Their resolutions have paved the way for TLG IMMOBILIEN AG to
continue to grow successfully. We therefore also have the necessary
flexibility in carrying out corporate actions to take advantage of
investment opportunities as they arise", said Peter Finkbeiner, Management
Board member of TLG IMMOBILIEN AG. "In the past year, we have consistently
met the targets set out at the time of our IPO. Not least, this is also
reflected in the positive development in earnings, enabling us to offer our
shareholders the opportunity to participate in the success of their Company
to a greater extent", added Niclas Karoff, also a member of the Company's
Management Board.
Contact
Christoph Wilhelm Sven Annutsch Corporate Communications Investor Relations Phone: +49 30 2470 6355 Phone: +49 30 2470 6089 E-Mail: [email protected] E-Mail: [email protected]About TLG IMMOBILIEN AG TLG IMMOBILIEN AG is a stock exchange-listed leading commercial real estate company focusing on Berlin and growth regions in Eastern Germany. For 25 years, TLG IMMOBILIEN AG is synonymous with real estate expertise in Germany's East. TLG IMMOBILIEN AG generates stable rental income and exhibits low vacancy rates, very good building stock and profits from its local employees' excellent market knowledge. As an active portfolio manager, TLG IMMOBILIEN AG is specialised in commercial properties for office and retail use. TLG IMMOBILIEN AG focuses on managing a high-quality portfolio of office properties in Berlin and other regional economic centres, as well as a regionally diversified portfolio of retail properties in highly frequented micro locations. The portfolio also includes seven hotels in Berlin, Dresden, Leipzig and Rostock. TLG IMMOBILIEN AG's properties stand out not only due to their excellent locations but also because of their very long-term rental or lease agreements. As at 31 March 2016, the value of the properties under IFRS totalled EUR 1,865 bn. As at the same reporting date, the EPRA Net Asset Value per share amounted to EUR 17.64. --------------------------------------------------------------------------- 01.06.2016 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de --------------------------------------------------------------------------- Language: English Company: TLG IMMOBILIEN AG Hausvogteiplatz 12 10117 Berlin Germany Phone: 030 - 2470 - 50 Fax: 030 - 2470 - 7337 E-mail: [email protected] Internet: www.tlg.de ISIN: DE000A12B8Z4 WKN: A12B8Z Indices: SDAX Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Stuttgart End of News DGAP News Service --------------------------------------------------------------------------- 467985 01.06.2016
|
Weitere Ad-hoc und Unternehmensrelevante Mitteilungen zu
TLG IMMOBILIEN AG ISIN: DE000A12B8Z4 können Sie bei EQS abrufen
Immobilien (Gewerbe) , A12B8Z , TLG , HAM:TLG