VIB Vermoegen AG

AGM Information • Jun 30, 2017

News Details

Corporate | 30 June 2017 07:27

Annual General Meeting of VIB Vermögen AG approves dividend increase to EUR 0.55 per share

DGAP-News: VIB Vermögen AG / Key word(s): AGM/EGM

30.06.2017 / 07:27

The issuer is solely responsible for the content of this announcement.

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Annual General Meeting of VIB Vermögen AG approves dividend increase to EUR 0.55 per share

Neuburg/Danube, June 30, 2017 – At yesterday’s Annual General Meeting of commercial property specialist VIB Vermögen AG, the Management Board of the company provided the shareholders with a detailed report on the successful course of business in the previous financial year and the company’s future growth strategy. The key items at the Annual General Meeting were the planned in-house developments at the Interpark Kösching, Schwarzenbruck and Gersthofen sites, as well as the healthy financing structure of VIB Vermögen AG.

“We are proud that we could present our shareholders with an extremely successful 2016 and allow them to participate directly in this success with the increased dividend,” explained Martin Pfandzelter, Chief Executive Officer of VIB Vermögen. “By virtue of the stable economic position and the growing property sector in Germany, we are still witnessing strong demand, particularly in the asset class of logistics properties. We want to carry on profiting from this trend in the future by means of in-house developments and targeted acquisitions,” added

Pfandzelter.

Dividend of EUR 0.55 approved

The shareholders approved the proposal submitted by the Management and Supervisory Boards to distribute an increased dividend of EUR 0.55 per share (previous year: EUR 0.51 per share). Based on the share price as of December 31, 2016, this corresponds to a dividend yield of 2.8 per cent. Therefore, the company will be distributing some EUR 15.2 million amongst the 27,579,779 shares with dividend rights. As a result, VIB has continuously paid a dividend ever since it was founded and has now increased this dividend for the eighth time in a row.

A total of 52.59 per cent of the voting-entitled share capital was represented at this year’s Annual General Meeting of VIB Vermögen AG. The members of the Managing Board and the Supervisory Board were both approved by a large majority of the AGM. Agreement was granted with a large majority of shareholders to all other items on the agenda of the Annual General Meeting, including the choice of auditor.

Holger Pilgenröther, CFO of VIB Vermögen: “We are confident that our operating results will continue to show a positive development. In addition, we will use the continued low interest rates on the financing side and further reduce the average interest rate on our loans when negotiating fixed-interest agreements that are due for renewal.”

The results, as well as all other relevant documents connected with the Annual General Meeting of VIB Vermögen AG, can be accessed on the company’s website at https://www.vib-ag.de/investor-relations/hauptversammlung.html .

Contact

Investor Relations:

VIB Vermögen AG

Petra Riechert

Tilly-Park 1

86633 Neuburg/Donau

Fax: +49 (0)8431 9077 973

Tel. +49 (0)8431 9077 952

Email: petra.riechert@vib-ag.de

About VIB Vermögen AG

VIB Vermögen AG is a medium-sized company specialising in commercial real estate management that has been operating successfully for more than 20 years. The company focuses on properties from the logistics/light industry sectors in the economically strong southern German region. VIB’s shares have been listed on the Munich (m:access) and Frankfurt (Open Market) stock exchanges since 2005.

VIB’s business model is based on a “develop-or-buy-and-hold” strategy. Firstly, VIB acquires properties that are already rented. Secondly, it completely develops new properties in order to transfer them to its own portfolio on a long-term basis and generate rental income from them. VIB also holds investments in companies with real estate assets.

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30.06.2017 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.

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Language:	English
Company:	VIB Vermögen AG
	Luitpoldstraße C 70
	86633 Neuburg/Donau
	Germany
Phone:	+49 (0)8431 / 504-952
Fax:	+49 (0)8431 / 504-973
E-mail:	petra.riechert@vib-ag.de
Internet:	www.vib-ag.de
ISIN:	DE0002457512
WKN:	245751
Listed:	Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich (m:access), Stuttgart, Tradegate Exchange; Open Market in Frankfurt

End of News	DGAP News Service