Annual General Meeting of PATRIZIA Immobilien AG
THE INFORMATION CONTAINED IN THIS DOCUMENT IS NOT INTENDED FOR FULL OR PARTIAL PUBLICATION OR DISTRIBUTION TO OR WITHIN THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, JAPAN OR OTHER COUNTRIES WHERE SUCH PUBLICATION OR DISTRIBUTION WOULD CONSTITUTE A VIOLATION OF APPLICABLE LEGAL PROVISIONS. THIS PUBLICATION IS NEITHER AN OFFER TO BUY OR SELL NOR AN INVITATION TO TENDER AN OFFER TO BUY OR SELL SHARES.
Shareholders strongly support PATRIZIA’s strategic plans
- All agenda items were approved with a large majority
- Dividend payment of EUR 0.25 per share, for the first time shareholders can chose between payment in cash or payment in form of shares of PATRIZIA Immobilien AG
- Managing Board confirms operating income guidance for 2018 of between EUR 85-100 million
Augsburg, 20 June 2018. Shareholders of PATRIZIA Immobilien AG have approved management’s strategic plans with a large majority at the company’s Annual General Meeting held today in Augsburg. The voting results have been published on the PATRIZIA website:
As well as key aspects of the successful 2017 business year, the Managing Board informed shareholders about the acquisition of Sparinvest Property Investors, TRIUVA und Rockspring. The three acquisitions reflect a substantial step forward for PATRIZIA in its vision to become the leading global partner for pan-European real estate investment. In addition, following a strong first quarter of 2018 the Managing Board confirmed its guidance for operating income for 2018 of between EUR 85-100 million, equivalent to growth of up to 22% year-on-year.
PATRIZIA will pay a dividend to its shareholders for the first time since 2007. The dividend of EUR 0.25 per share will be paid either in cash or in the form of shares of PATRIZIA Immobilien AG (scrip dividends).
Further details with regards to scrip dividends have been published on PATRIZIA’s website: