News
10/24/2012
Deutsche Wohnen calls extraordinary general meeting to resolve on authorized capital increase
DGAP-Ad-hoc: Deutsche Wohnen calls extraordinary general meeting to resolve on authorized capital increase
Deutsche Wohnen AG / Key word(s): Miscellaneous
24.10.2012 07:28
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
Frankfurt (Main) / Berlin, October 24, 2012. Today, Deutsche Wohnen AG informed its shareholders of an extraordinary general meeting it has called for December 4, 2012 in Frankfurt (Main). The management board, with the support of the supervisory board, intends to create a new authorized capital in an amount of 50% of the current share capital at the extraordinary shareholders meeting.
The reasoning behind this proposal is Deutsche Wohnen's belief that large volume portfolios and a number of smaller portfolios are currently on the market or will be in the near future. These present excellent acquisition opportunities for Deutsche Wohnen to make use of the favorable circumstances in the consolidation of the German residential real-estate market.
The authorized capital approved by the general meeting in June 2012 has almost completely been utilized for the capital increase in June 2012. Within one year, the proceeds of the last two rights issues in November 2011 and June 2012 of around EUR 620 million have almost completely been invested in the Dusseldorf portfolio (1,160 units), the BauBeCon portfolio (more than 23,000 units), acquisitions in greater Berlin (around 1,500 units), and a further acquisition of about 5,100 units which has been notarized. Deutsche Wohnen aims to obtain new authorized capital, amounting to 50% of the current share capital already, in order to be fast and flexible in transaction processes.
Contact:
+49 (0)30 / 897 86 - 551
24.10.2012 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: Deutsche Wohnen AG
Pfaffenwiese 300
65929 Frankfurt
Germany
Phone: +49 (0)30 89786-0
Fax: +49 (0)30 89786-507
E-mail: ir@deutsche-wohnen.com
Internet: http://www.deutsche-wohnen.com
ISIN: DE000A0HN5C6, DE0006283302
WKN: A0HN5C, 628330
Indices: MDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart
End of Announcement DGAP News-Service
Deutsche Wohnen AG / Key word(s): Miscellaneous
24.10.2012 07:28
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
Frankfurt (Main) / Berlin, October 24, 2012. Today, Deutsche Wohnen AG informed its shareholders of an extraordinary general meeting it has called for December 4, 2012 in Frankfurt (Main). The management board, with the support of the supervisory board, intends to create a new authorized capital in an amount of 50% of the current share capital at the extraordinary shareholders meeting.
The reasoning behind this proposal is Deutsche Wohnen's belief that large volume portfolios and a number of smaller portfolios are currently on the market or will be in the near future. These present excellent acquisition opportunities for Deutsche Wohnen to make use of the favorable circumstances in the consolidation of the German residential real-estate market.
The authorized capital approved by the general meeting in June 2012 has almost completely been utilized for the capital increase in June 2012. Within one year, the proceeds of the last two rights issues in November 2011 and June 2012 of around EUR 620 million have almost completely been invested in the Dusseldorf portfolio (1,160 units), the BauBeCon portfolio (more than 23,000 units), acquisitions in greater Berlin (around 1,500 units), and a further acquisition of about 5,100 units which has been notarized. Deutsche Wohnen aims to obtain new authorized capital, amounting to 50% of the current share capital already, in order to be fast and flexible in transaction processes.
Contact:
+49 (0)30 / 897 86 - 551
24.10.2012 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: Deutsche Wohnen AG
Pfaffenwiese 300
65929 Frankfurt
Germany
Phone: +49 (0)30 89786-0
Fax: +49 (0)30 89786-507
E-mail: ir@deutsche-wohnen.com
Internet: http://www.deutsche-wohnen.com
ISIN: DE000A0HN5C6, DE0006283302
WKN: A0HN5C, 628330
Indices: MDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart
End of Announcement DGAP News-Service