DEMIRE AG: 2019 Extraordinary General Meeting provides financing flexibility for growth
Shareholders approve all three agenda items with large majorities Approval granted for creation of the Authorised Capital 2019/I and Conditional Capital 2019/I Authorisation received for new bond issues Langen, 11 February 2019 - Today, the Extraordinary General Meeting of DEMIRE Deutsche Mittelstand Real Estate AG (WKN A0XFSF/ISIN DE000A0XFSF0) approved all proposed agenda items with significant majorities. With 89.8 per cent of the share capital represented, the Extraordinary General Meeting lasted approximately 2.5 hours and ended at 1:20 pm. The Extraordinary General Meeting dealt with three agenda items that were all adopted by the shareholders by a large majority. The first item on the agenda was the cancellation of Authorised Capital 2018/I and the creation of new Authorised Capital 2019/I with the option to exclude subscription rights. The Executive Board is authorised to increase the Company's share capital by up to a total of EUR 53,888,662 on one or more occasions by issuing up to a total of 53,888,662 new no-par-value ordinary shares against cash or contributions in kind (Authorised Capital 2019/I) until 10 February 2024. In addition, shareholders issued a new authorisation to issue convertible bonds and/or bonds with warrants, profit participation rights and/or profit participation bonds. This authorisation gives the Executive Board the ability to issue bonds with a total nominal value of up to EUR 325,000,000 until February 10, 2024. As a third item on the agenda, shareholders approved the cancellation of Conditional Capital 2018/II and the creation of new conditional capital (Conditional Capital 2019 I). As a result, the Company's share capital will be conditionally increased by up to EUR 53,328,662 by issuing up to 53,328,662 no-par-value shares (Conditional Capital 2019/I). The conditional capital increase serves to grant no-par-value shares to the holders and creditors of convertible and/or bonds with warrant, profit participation rights and/or profit participation bonds. Ingo Hartlief, CEO of DEMIRE, in his comments on the results of the Extraordinary General Meeting, said: "Today we have set the course to further accelerate DEMIRE's growth as early as in the first half of 2019. We now have access to attractive financing alternatives on the capital market, if required, especially with respect to acquiring real estate and real estate portfolios. In the medium term, we plan to increase our portfolio to over EUR 2 billion as part of our growth strategy." Detailed information on this Extraordinary General Meeting can be found on the DEMIRE Deutsche Mittelstand Real Estate AG website at http://www.demire.ag/en/investor-relations/agm/2019. Press Contact RUECKERCONSULT GmbH Wallstraße 16 D-10179 Berlin Phone: +49 30 28 44 987 firstname.lastname@example.org Investor RelationsDEMIRE Deutsche Mittelstand Real Estate AG Robert-Bosch-Straße 11 D-63225 Langen Phone: +49 (0) 6103 - 372 49 - 44 Fax: +49 (0) 6103 - 372 49 - email@example.com About DEMIRE Deutsche Mittelstand Real Estate AG DEMIRE - First in Secondary Locations DEMIRE Deutsche Mittelstand Real Estate AG has commercial real estate holdings in mid-sized cities and up-and-coming locations bordering German metropolitan areas. The company's specific forte is its focus on these second-tier cities - its claim being "First in Secondary Locations" - and on a range of assets that appeals to both internationally active and regionally rooted tenants. Having expanded rapidly between 2013 and 2016 both by buying single properties and by acquiring equity interests, DEMIRE held a portfolio with a combined lettable area of around 1 million sqm and a fair market value of more than EUR 1.1 billion by the end of the first nine months of 2018. The portfolio focus on office, retail and logistics assets results in precisely the kind of risk/reward structure that DEMIRE considers appropriate for the business line of commercial real estate. The Company puts a premium on long-term contracts with solvent tenants in anticipation of stable and sustainable rent revenues. DEMIRE has set itself the goal to keep optimising its corporate structure. To this end, it pursues an active property management approach out of the conviction that it is the best way to achieve economies of scale and portfolio optimisations. DEMIRE Deutsche Mittelstand Real Estate AG shares (ISIN: DE000A0XFSF0) are listed in the Prime Standard segment of the Frankfurt Stock Exchange.
11.02.2019 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.deLanguage: English Company: DEMIRE Deutsche Mittelstand Real Estate AG Robert-Bosch-Straße 11 im 'the eleven' 63225 Langen (Hessen)
Germany Phone: +49 6103 37249-0 Fax: +49 6103 37249-11 E-mail: firstname.lastname@example.org Internet: www.demire.ag ISIN: DE000A0XFSF0 WKN: A0XFSF Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Stuttgart, Tradegate Exchange End of News DGAP News Service