TLG IMMOBILIEN AG / Key word(s): AGM/EGM/Real Estate
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.
About TLG IMMOBILIEN
2015-06-26 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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|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|