News Detail

TLG IMMOBILIEN's Annual General Meeting affirms course taken by Management Board and Supervisory Board

TLG IMMOBILIEN AG / Key word(s): AGM/EGM/Real Estate

2015-06-26 / 08:00

Press release

TLG IMMOBILIEN's Annual General Meeting affirms course taken by Management Board and Supervisory Board

- Resolutions proposed by Management Board and Supervisory Board passed with large majority

- EUR 0.25 dividend per share resolved

- Axel Salzmann to leave Supervisory Board effective 25 June 2015

Berlin, 26 June 2015 - Yesterday, the first Annual General Meeting of TLG IMMOBILIEN AG since the Company's IPO affirmed by a wide approval the course set by the Management Board and Supervisory Board. All resolutions proposed by the Management Board and Supervisory Board were passed by a large majority of shareholders in attendance.

The proposal on the allocation of net retained profits for financial year 2014 amounting to approx. EUR 25.4 million was accepted by a 100 % of attending voting shareholders. Accordingly, a total amount of approx. EUR 15.3 million will be distributed to the shareholders. That corresponds to a EUR 0.25 dividend per share. The remaining amount will be allocated to other retained earnings.

The actions of the members of the Management Board and the Supervisory Board in 2014 were also approved by majorities of 99.7% and 99.7%, respectively, of the 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 2015 and to review the 2015 half-yearly financial report; the firm was elected by a 98.1% majority of voting share capital represented at the Annual General Meeting.

"We would like to thank our shareholders for their great confidence, expressed in the outcome of the voting. We consider that confidence to be not only recognition of the successful path we have taken but also an encouragement to continue along that path", said Peter Finkbeiner, member of TLG IMMOBILIEN AG's Management Board. "That path also includes meeting the growth targets stated during the IPO as well as continuing to work hard to ensure that our properties represent the basis for the long-term success of our Company", added Niclas Karoff, also a member of the Company's Management Board.

The Company is also announcing the departure of Axel Salzmann from the Supervisory Board of TLG IMMOBILIEN AG with effect from 25 June 2015. The Supervisory Board is already looking into filling the vacancy.
Mr Salzmann had been a member of the Supervisory Board since 25 September 2014. He was appointed Chief Financial Officer at Billfinger SE with effect from 1 April 2015 and therefore decided for personal reasons to resign from the Supervisory Board before the end of his term in office.


Christoph Wilhelm
Corporate Communications
Phone: +49 30 2470 6355
E-Mail: [email protected]
Sven Annutsch
Investor Relations
Phone: +49 30 2470 6089
E-Mail: [email protected]

TLG IMMOBILIEN AG is a leading commercial real estate company focusing on Berlin and growth regions in Eastern Germany. For over 20 years, TLG IMMOBILIEN has been synonymous with real estate expertise in Germany's East. TLG IMMOBILIEN generates stable rental income and exhibits low vacancy rates, very good building stock and profits from its local employees' excellent market knowledge. As an active portfolio manager, TLG IMMOBILIEN is specialised in commercial properties for office and retail use. TLG IMMOBILIEN focuses on managing a high-quality portfolio of office properties in Berlin and other regional economic centres, as well as a regionally diversified portfolio of retail properties in highly frequented micro locations. The portfolio also includes five hotels in Berlin, Dresden and Rostock. TLG IMMOBILIEN's properties stand out not only due to their excellent locations but also because of their very long-term rental or lease agreements.
As at 31 March 2015 the portfolio value (fair value) is EUR 1.589 bn. The EPRA Net Asset Value per share is EUR 15.63 as at the reference day.

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