DGAP-News: TLG IMMOBILIEN AG / Key word(s): AGM/EGM/Real Estate
TLG IMMOBILIEN AG's Annual General Meeting
- 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.
About TLG IMMOBILIEN AG
|Company:||TLG IMMOBILIEN AG|
|Phone:||030 - 2470 - 50|
|Fax:||030 - 2470 - 7337|
|Listed:||Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Stuttgart|
|End of News||DGAP News Service|