AGM Information • Jun 18, 2013
AGM Information
Open in ViewerOpens in native device viewer
News Details
Corporate | 18 June 2013 19:21
GSW Immobilien AG: GSW general meeting sets the course for further growth
GSW Immobilien AG / Key word(s): AGM/EGM
18.06.2013 / 19:21
GSW general meeting sets the course for further growth
– Corporate action authorisations renewed
– Dividend payment of 0.90 Euro per share
– Motions of shareholder PGGM partially accepted
Berlin, 18 June 2013 . By large majority, the general meeting of GSW Immobilien AG approved the decisions with respect to authorised capital and conditional capital and thus laid the foundation for continuation of the value-based growth strategy. The executive board and the supervisory board are now again able to act quickly and flexibly on the capital market if required.
The general meeting almost unanimously accepted the proposal of the management and decided on the payment of a dividend of 0.90 Euro per share for the financial year 2012. The total pay-out therefore amounts to 45.47 million Euros.
The general meeting of GSW was afforded greater attention beforehand, as Dutch pension fund PGGM had put on the agenda as amendments the removal by election of supervisory board chairman Dr. Eckart John von Freyend and the vote of no confidence in board chairman Dr. Bernd Kottmann.
69.63 percent of the share capital present vote for the dismissal of Dr. Eckart John von Freyend as a member of the supervisory board. A majority of 75 percent would have been needed for the motion to be carried.
63.31 percent of the share capital present was in favour of the requested vote of no confidence in board chairman Dr. Bernd Kottmann. The supervisory board of the company will hold an extraordinary meeting in the next few days and consult on the situation.
Contact
GSW Immobilien AG
Charlottenstrasse 4, 10969 Berlin, Germany
Press Investor Relations
Thomas Rücker René Bergmann
E-mail: [email protected] E-mail: [email protected]
Tel.: +49. (0)30 2534-1332 Tel.: +49. (0)30 2534-1362
Fax: +49. (0)30 2534-1934 Fax: +49. (0)30 2534-2331960
About GSW
With a portfolio of around 60,000 residential and commercial units, GSW Immobilien AG, founded in 1924, is a leading market-listed real estate company in Berlin. GSW’s corporate strategy is focused on the long-term management of rental properties, applying a systematic approach aimed at increasing both customer satisfaction and operating efficiency. As per
31 December 2012, the company’s property portfolio was valued at around 3.3 billion Euros.
End of Corporate News
18.06.2013 Dissemination of a Corporate News, transmitted by DGAP – a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
| Language: | English |
| Company: | GSW Immobilien AG |
| Charlottenstraße 4 | |
| 10969 Berlin | |
| Germany | |
| Phone: | 030 68 99 99 0 |
| Fax: | 030 68 99 99 999 |
| E-mail: | [email protected] |
| Internet: | www.gsw.de |
| ISIN: | DE000GSW1111 |
| WKN: | GSW111 |
| Listed: | Regulierter Markt in Berlin, Frankfurt (Prime Standard); Freiverkehr in Düsseldorf, Hamburg, Hannover, München, Stuttgart |
| End of News | DGAP News-Service |
| - - - |
| 217080 18.06.2013 |
Building tools?
Free accounts include 100 API calls/year for testing.
Have a question? We'll get back to you promptly.