WCM Beteiligungs- und Grundbesitz-AG

  • WKN: A1X3X33
  • ISIN: DE000A1X3X33
  • Land: Deutschland

Nachricht vom 17.11.2017 | 17:48

WCM Beteiligungs- und Grundbesitz-AG: WCM Extraordinary Annual General Meeting agrees with a very large majority to all agenda items

DGAP-News: WCM Beteiligungs- und Grundbesitz-AG / Key word(s): AGM/EGM

17.11.2017 / 17:48
The issuer is solely responsible for the content of this announcement.


WCM Extraordinary Annual General Meeting agrees with a very large majority to all agenda items

- Approval to the domination agreement with TLG IMMOBILIEN AG
- The number of members of the Supervisory Board will be reduced to three
- Michael Zahn und Helmut Ullrich as new member of the Supervisory Board elected


Frankfurt am Main, 17. November 2017 - The Extraordinary General Meeting of WCM Beteiligungs- und Grundbesitz-AG (WCM, ISIN: DE000A1X3X33) today approved the completion of the domination agreement with TLG IMMOBILIEN AG (TLG) as the controlling company with 99.84 per cent. The companies have already signed the domination agreement on 6 October 2017. The effectiveness of the domination agreement still requires the approval of the general meeting of TLG and the entry into the commercial register. The domination agreement provides that outside shareholders of WCM shall receive a guaranteed dividend in a gross amount of EUR 0.13 per WCM share for the duration of the domination agreement. In addition, outside shareholders of WCM shall receive a compensation offer in form of an exchange ratio of four new no-par-value shares of TLG for every 23 WCM shares.

Furthermore, the proposal to reduce the number of Supervisory Board members from six to three was also approved with an acceptance of 99.84 per cent of the eligible voters. With the exception of Mr. Ehlerding, all members of the Supervisory Board resigned (their office) with immediate effect at the end of today's Extraordinary General Meeting. In addition, Mr. Michael Zahn and Mr. Helmut Ullrich were newly elected by the Extraordinary General Meeting to the Supervisory Board of WCM.

All other agenda items were also approved with a very large majority.

About WCM AG
WCM Beteiligungs- und Grundbesitz-AG (WCM AG), with headquarters in Frankfurt am Main, is a specialised commercial real estate company. As a real estate proprietor, the focus is on long-term rental of high-quality office and retail properties in the major office locations in Germany. Since the operational restart in 2014, WCM AG has focused on an extensive network for the acquisition of properties as well as on value-creating asset management, in order to generate attractive long-term rental income and a steady cash flow. The portfolio has a gross asset value of around EUR 800m. Shares of WCM AG are listed in the Prime Standard segment of the Deutsche Boerse.

Investor Relations:                                                                 
Gunnar Janssen
Investor Relations
WCM Beteiligungs- und Grundbesitz-AG 
+49 69 963 7319 10
g.jannssen@wcm.de
www.wcm.de                       


Press contact:
Axel Mühlhaus/ Dr. Sönke Knop
edicto GmbH
Eschersheimer Landstraße 42
60322 Frankfurt am Main
+49 69-905505-52
wcm@edicto.de



17.11.2017 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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