Accentro Real Estate AG, DE000A0KFKB3

Accentro Real Estate AG, DE000A0KFKB3

16.05.2018 - 08:02:37

Annual General Meeting of ACCENTRO Real Estate AG passes resolution to increase the dividend to EUR 0.17 per share

Press release

Annual General Meeting of ACCENTRO Real Estate AG passes resolution to increase the dividend to EUR 0.17 per share

- Significant increase in total dividend payout to EUR 5.1 million (previous year: EUR 3.7 million)

- All proposed resolutions were approved by a large majority

Berlin, 16 May 2018 - The Annual General Meeting of ACCENTRO Real Estate AG, market leader in residential privatisation (WKN: A0KFKB, ISIN: DE000A0KFKB3), Berlin, has approved payment of a dividend of EUR 0.17 per dividend-bearing share by a large majority (previous year: EUR 0.15). This means that the company is paying out over EUR 5.1 million. This is a significant increase of nearly 40% (previous year: EUR 3.7 million). The payout ratio of 25% is also higher than last year (previous year: 14%). The dividend yield amounts to 2.0% based on the 2017 closing share price.

This higher dividend reflects the success of 2017 as well as a promising business development in the first quarter of 2018. Following this favourable start to the year, the Management Board is expecting significant double-digit percentage growth in sales and an increase of EBIT in the range of EUR 37 million to EUR 40 million for the full year.

Jacopo Mingazzini, CEO of ACCENTRO Real Estate AG, said, "Last year, we paid out a dividend for the first time, and due to our strong business development we have already been able to increase this. We want our shareholders to continue to participate in ACCENTRO's successful development through continuing dividends."

In all, 95.64% of the voting nominal capital was represented at this year's Annual General Meeting. A large majority ratified the Management and Supervisory Board members' actions, and all other agenda items were approved. The election of Natig Ganiyev, Managing Director of Vestigo Capital Advisors LLP, to the Supervisory Board, the creation of new authorised capital and the authorisation to issue bonds with or without conversion or subscription rights were among the resolutions passed.

About ACCENTRO Real Estate AG ACCENTRO Real Estate AG, listed on the stock exchange, is a market leader in residential privatisation in Germany. ACCENTRO generates additional revenues through portfolio sales and marketing apartments for institutional investors and project developers. In addition to its home market of Berlin, the company concentrates on metropolitan regions such as Hamburg, Cologne, Dusseldorf, Rhine-Main region, Leipzig, Hanover or Bonn. ACCENTRO Real Estate AG is listed in the Prime Standard of the Frankfurt Stock Exchange (WKN: A0KFKB, ISIN: DE000A0KFKB3). Further information can be found here: www.accentro.ag

Contact Investor Relations Nicole Birth ACCENTRO Real Estate AG Uhlandstr. 165 10719 Berlin Germany E-Mail: birth@accentro.de Tel. +49 (0)30 - 887 181 10 Fax +49 (0)30 - 887 181 11Contact Press Jan Hutterer Kirchhoff Consult AG Borselstraße 20 22765 Hamburg Germany Tel. +49 (0)40 - 609 186 65 Fax +49 (0)40 - 609 186 60

16.05.2018 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.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

Language: English Company: Accentro Real Estate AG Uhlandstr. 165 10719 Berlin

Germany Phone: +49 (0)30 - 887 181 - 0 Fax: +49 (0)30 - 887 181 - 11 E-mail: info@accentro.ag Internet: www.accentro.ag ISIN: DE000A0KFKB3 WKN: A0KFKB Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange   End of News DGAP News Service

686391  16.05.2018 

@ dgap.de

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