Legal Proceedings Report • Dec 18, 2013
Legal Proceedings Report
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On December 16, 2013, Gecina was notified of an order (ordonnance de renvoi) for Mr Joaquin Rivero to appear before the criminal court (Tribunal Correctionnel) for various offences, following the claim brought in 2009 by the French association for the defense of minority shareholders (ADAM), the company's works council and a former director of Gecina, in relation to which Gecina has also opened civil proceedings. This order concerns transactions carried out by Mr Joaquin Rivero in connection with his positions as Chairman and Chief Executive Officer of Gecina between 2005 and 2009.
Gecina owns, manages and develops property holdings worth 10.7 billion euros at June 30, 2013, with 90% located in the Paris Region. This real estate company's business is built around an Economic division, including France's largest office portfolio, and a Demographic division, with residential assets, student residences and healthcare facilities. Gecina has put sustainable innovation at the heart of its strategy to create value, anticipate its customers' expectations and invest while respecting the environment, thanks to the dedication and expertise of its staff.
Gecina is a French real estate investment trust (SIIC) listed on Euronext Paris, and is part of the FTSE4Good, DJSI Europe and World, Stoxx Global ESG Leaders and ASPI Eurozone® indices. In line with its commitments to the community, Gecina has created a company foundation, which is focused on protecting the environment and supporting all forms of disability.
Elizabeth Blaise Armelle Miclo
Virginie Sterling Tel: +33 (0)1 40 40 62 48
Financial communications Press relations Tel: +33 (0)1 40 40 52 22 Tel: +33 (0) 1 40 40 51 98
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