24.09.2020 Grand City Properties S.A.  LU0775917882

DGAP-News: Grand City Properties S.A. announces switch in management and board positions as from 1 October 2020


 

DGAP-News: Grand City Properties S.A. / Key word(s): Real Estate/Personnel
Grand City Properties S.A. announces switch in management and board positions as from 1 October 2020

24.09.2020 / 14:02
The issuer is solely responsible for the content of this announcement.


THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, JAPAN, SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF APPLICABLE LAWS OR REGULATIONS

GRAND CITY PROPERTIES S.A. ANNOUNCES SWITCH IN MANAGEMENT AND BOARD POSITIONS AS FROM 1 OCTOBER 2020

Luxembourg, September 24, 2020 - Grand City Properties S.A. ("GCP" or the "Company") announces that the board of directors resolved today that effective as of 1 October 2020. Mr. Christian Windfuhr will withdraw from his position as the CEO (Daily Manager - administrateur-délégué) in order to replace Mr. Refael Zamir as a member and chairman of the board of directors as of that date. Mr. Refael Zamir will become the Company's CEO (Daily Manager - administrateur-délégué) effective as of 1 October 2020. Mr. Zamir will continue to serve as the Company's CFO.

Mr. Windfuhr and Mr. Zamir joined the Company in 2013 and led the Company successfully through the rapid growth, positioning Grand City Properties SA as a leading German residential player. Under the management of both the Company has achieved remarkable results and milestones. Building a portfolio of properties worth €8 billion through hundreds of accretive acquisitions, placing the Company in the frontline of the German real estate market with entry into the MDAX and achieving BBB+ rating by S&P and Baa1 rating by Moody's, which are just a few landmarks which reflect the success of the Company. With the new management structure, Mr. Windfuhr will hand over the ongoing daily management to Mr. Zamir and focus on the Company's strategy and investor relation as the Chairman of the Board.

About the Company

The Company is a specialist in residential real estate, value-add opportunities in densely populated areas primarily in Germany. The Company's strategy is to improve its properties by repositioning and intensive tenant management, and then create value by subsequently raising occupancy and rental levels. Further information: www.grandcityproperties.com

Grand City Properties S.A. (ISIN: LU0775917882) is a public limited liability company (société anonyme) incorporated under the laws of the Grand Duchy of Luxembourg, having its registered office at 1, Avenue du Bois, L-1251 Luxembourg, Grand Duchy of Luxembourg and being registered with the Luxembourg trade and companies register (Registre de Commerce et des Sociétés Luxembourg) under number B 165 560. The shares of the Company are listed on the Prime Standard segment of Frankfurt Stock Exchange.

Contact:
Grand City Properties S.A.
1, Avenue du Bois
L-1251 Luxemburg
T: +352 28 77 87 86
E: info@grandcity.lu
www.grandcityproperties.com

Press Contact:
Katrin Petersen
Grand City Properties S.A.
T: +49 (30) 374-381 5218
E: katrin.petersen@grandcity.lu


DISCLAIMER

THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY ANY SECURITIES.

THE SECURITIES MENTIONED IN THIS ANNOUNCEMENT HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE SECURITIES ACT), AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES ABSENT REGISTRATION OR AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT. THERE WILL BE NO PUBLIC OFFERING OF THE SECURITIES IN THE UNITED STATES.

THIS ANNOUNCEMENT IS DIRECTED AT AND IS ONLY BEING DISTRIBUTED IN THE UNITED KINGDOM TO (I) PERSONS WHO HAVE PROFESSIONAL EXPERIENCE IN MATTERS RELATING TO INVESTMENTS FALLING WITHIN ARTICLE 19(5) OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 (FINANCIAL PROMOTION) ORDER 2005 (THE ORDER), (II) HIGH NET WORTH ENTITIES, AND OTHER PERSONS TO WHOM IT MAY OTHERWISE LAWFULLY BE COMMUNICATED FALLING WITHIN ARTICLE 49 OF THE ORDER, AND (III) PERSONS TO WHOM IT MAY OTHERWISE LAWFULLY BE COMMUNICATED (ALL SUCH PERSONS TOGETHER BEING REFERRED TO AS RELEVANT PERSONS). THIS COMMUNICATION MUST NOT BE READ, ACTED ON OR RELIED ON BY PERSONS WHO ARE NOT RELEVANT PERSONS. ANY INVESTMENT OR INVESTMENT ACTIVITY TO WHICH THIS ANNOUNCEMENT RELATES IS AVAILABLE ONLY TO RELEVANT PERSONS AND WILL BE ENGAGED IN ONLY WITH RELEVANT PERSONS.

IN MEMBER STATES OF THE EUROPEAN ECONOMIC AREA (EEA), THIS ANNOUNCEMENT AND ANY OFFER IF MADE SUBSEQUENTLY IS DIRECTED ONLY AT PERSONS WHO ARE "QUALIFIED INVESTORS" WITHIN THE MEANING OF ARTICLE 2(1)(E) OF DIRECTIVE 2003/71/EC, AS AMENDED (THE PROSPECTUS DIRECTIVE) (QUALIFIED INVESTORS). ANY PERSON IN THE EEA WHO ACQUIRES THE SECURITIES IN ANY OFFER (AN INVESTOR) OR TO WHOM ANY OFFER OF THE SECURITIES IS MADE WILL BE DEEMED TO HAVE REPRESENTED AND AGREED THAT IT IS A QUALIFIED INVESTOR. ANY INVESTOR WILL ALSO BE DEEMED TO HAVE REPRESENTED AND AGREED THAT ANY SECURITIES ACQUIRED BY IT IN THE OFFER HAVE NOT BEEN ACQUIRED ON BEHALF OF PERSONS IN THE EEA OTHER THAN QUALIFIED INVESTORS, NOR HAVE THE SECURITIES BEEN ACQUIRED WITH A VIEW TO THEIR OFFER OR RESALE IN THE EEA TO PERSONS WHERE THIS WOULD RESULT IN A REQUIREMENT FOR PUBLICATION BY THE COMPANY OR ANY OF THE MANAGERS OF A PROSPECTUS PURSUANT TO ARTICLE 3 OF THE PROSPECTUS DIRECTIVE.

THIS ANNOUNCEMENT MAY CONTAIN PROJECTIONS OR ESTIMATES RELATING TO PLANS AND OBJECTIVES RELATING TO OUR FUTURE OPERATIONS, PRODUCTS, OR SERVICES, FUTURE FINANCIAL RESULTS, OR ASSUMPTIONS UNDERLYING OR RELATING TO ANY SUCH STATEMENTS, EACH OF WHICH CONSTITUTES A FORWARD-LOOKING STATEMENT SUBJECT TO RISKS AND UNCERTAINTIES, MANY OF WHICH ARE BEYOND THE CONTROL OF THE COMPANY. ACTUAL RESULTS COULD DIFFER MATERIALLY, DEPENDING ON A NUMBER OF FACTORS.



24.09.2020 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: Grand City Properties S.A.
1, Avenue du Bois
1251 Luxembourg
Luxemburg
Phone: +352 28 77 87 86
Fax: +352 28 77 87 84
E-mail: info@grandcity.lu
Internet: grandcityproperties.com
ISIN: LU0775917882, XS1130507053, XS1191320297, XS1220083551, XS1491364953, XS1373990834, XS1654229373, XS1811181566, XS1706939904, XS1763144604, XS1781401085, CH0401956872
WKN: A1JXCV , A1ZRRK, A1ZW4K, A1ZZ49, A186BF, A18YJ1, A19ZQE, A19MBW, A1V4P0, A19WVU, A19WU2
Indices: MDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; Dublin, Luxembourg Stock Exchange, SIX
EQS News ID: 1136215

 
End of News DGAP News Service

1136215  24.09.2020 

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Die wichtigsten Finanzdaten auf einen Blick
  2013 2014 2015 2016 2017 2018 2019 2020e
Umsatzerlöse1 169,33 231,51 333,50 442,67 496,88 545,23 560,30 0,00
EBITDA1,2 306,18 343,23 487,65 824,56 870,54 782,31 696,74 0,00
EBITDA-Marge3 180,82 148,26 146,22 186,27 175,20 143,48 124,35 0,00
EBIT1,4 305,98 342,33 485,92 822,86 868,48 779,74 692,87 0,00
EBIT-Marge5 180,70 147,87 145,70 185,89 174,79 143,01 123,66 0,00
Jahresüberschuss1 266,05 243,83 393,57 653,11 639,15 583,03 493,36 0,00
Netto-Marge6 157,12 105,32 118,01 147,54 128,63 106,93 88,05 0,00
Cashflow1,7 61,40 113,84 157,45 201,29 202,31 224,52 249,49 0,00
Ergebnis je Aktie8 2,97 1,53 2,35 3,25 3,06 2,76 2,30 2,20
Dividende8 0,00 0,20 0,25 0,68 0,73 0,77 0,82 0,82
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2019 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: KPMG

INVESTOR-INFORMATIONEN
©boersengefluester.de
Grand City Properties
WKN Kurs in € Einschätzung Börsenwert in Mio. €
A1JXCV 20,080 Halten 3.373,65
KGV 2021e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
10,30 6,49 1,586 8,92
KBV KCV KUV EV/EBITDA
1,01 13,52 6,02 8,890
Dividende '19 in € Dividende '20e in € Div.-Rendite '19e
in %
Hauptversammlung
0,82 0,82 4,08 24.06.2020
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
18.05.2020 17.08.2020 16.11.2020 16.03.2020
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-5,03% -3,48% -6,86% -1,67%
    
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Immobilien (Wohn) , A1JXCV , GYC , XETR:GYC