Fair Value REIT-AG
Fair Value REIT-AG: Fair Value REIT-AG: Annual General Meeting agrees dividend of EUR 0.25 per share
Fair Value REIT-AG / Key word(s): AGM/EGM/AGM/EGM Fair Value REIT-AG: Annual General Meeting agrees dividend of EUR 0.25 per share In addition, the Annual General Meeting agreed on the creation of authorised capital. Moreover, the Management Board was authorised to issue convertible and/or warrant bonds or participation rights with or without conversion rights or subscription rights. The creation of conditional capital was also adopted, as was a capital decrease, which results in part of the shareholders’ assets tied to the previous amount of the share capital being released and transferred to the capital reserve. As Mr. Christian Hopfer stepped down from his position as member of the Supervisory Board of the company effective as of the end of the Annual General Meeting on May 27, 2014, Mr. Wolfgang Sauerborn was elected as a new member of the Supervisory Board of Fair Value REIT-AG. All other agenda items were also adopted at the Annual General Meeting; the voting results have been available in the Investor Relations/Annual General Meeting section of www.fvreit.de since today. Contact Corporate Profile As of March 31, 2014, Fair Value’s share of the total portfolio of 47 properties amounted to around EUR 293 million. This portfolio had an occupancy rate of 89.6% of the achievable rents at full occupancy of EUR 26.7 million per annum. As of March 31, 2014, the weighted remaining term of the leases was 5.0 years. Around 54% of the potential rent relates to retail floor space, 36% to office space and 11% to other types of use. End of Corporate News 28.05.2014 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: | Fair Value REIT-AG | |
Leopoldstraße 244 | ||
80807 München | ||
Germany | ||
Phone: | +49 (0)89 9292 815-01 | |
Fax: | +49 (0)89 9292 815-15 | |
E-mail: | info@fvreit.de | |
Internet: | www.fvreit.de | |
ISIN: | DE000A0MW975 | |
WKN: | A0MW97 | |
Indices: | RX REIT All Share Index, RX REIT Index | |
Listed: | Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, München, Stuttgart | |
End of News | DGAP News-Service |
270843 28.05.2014 |