News
10/24/2012
Deutsche Wohnen calls extraordinary general meeting to resolve on new authorized capital
DGAP-News: Deutsche Wohnen calls extraordinary general meeting to resolve on new authorized capital
Deutsche Wohnen AG / Key word(s): Miscellaneous
24.10.2012 / 07:33
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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 and the supervisory board intend to pro-actively create a new authorized capital at the extraordinary shareholders meeting.
With the last two rights issues in November 2011 and June 2012, Deutsche Wohnen successfully achieved net proceeds of around EUR 620 million. Within one year, the proceeds 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.
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 expand and enhance the value of its portfolio. Deutsche Wohnen needs to obtain new authorized capital, in order to be fast and flexible in transaction processes.
Michael Zahn: 'At the annual general meeting in June 2012, we explicitly announced our intentions to grow. We kept this promise and have created value for our investors which is also shown by the development of our share price. Given our positive market reputation, we are convinced to receive the necessary support from our investors in order to continue our growth story.'
Deutsche Wohnen
Deutsche Wohnen is one of the leading listed housing companies in Germany. The company's operational focus is on managing and developing its residential property portfolio. As of September 2012, its portfolio comprises around 74,000 units, of which 73,200 are residential and about 800 are commercial. The company is listed in the MDAX of the German Stock Exchange and is also included in the major indices EPRA/NAREIT and GPR 250.
Contact:
+49 (0)30 / 89786 - 551
End of Corporate News
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24.10.2012 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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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 News DGAP News-Service
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Deutsche Wohnen AG / Key word(s): Miscellaneous
24.10.2012 / 07:33
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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 and the supervisory board intend to pro-actively create a new authorized capital at the extraordinary shareholders meeting.
With the last two rights issues in November 2011 and June 2012, Deutsche Wohnen successfully achieved net proceeds of around EUR 620 million. Within one year, the proceeds 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.
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 expand and enhance the value of its portfolio. Deutsche Wohnen needs to obtain new authorized capital, in order to be fast and flexible in transaction processes.
Michael Zahn: 'At the annual general meeting in June 2012, we explicitly announced our intentions to grow. We kept this promise and have created value for our investors which is also shown by the development of our share price. Given our positive market reputation, we are convinced to receive the necessary support from our investors in order to continue our growth story.'
Deutsche Wohnen
Deutsche Wohnen is one of the leading listed housing companies in Germany. The company's operational focus is on managing and developing its residential property portfolio. As of September 2012, its portfolio comprises around 74,000 units, of which 73,200 are residential and about 800 are commercial. The company is listed in the MDAX of the German Stock Exchange and is also included in the major indices EPRA/NAREIT and GPR 250.
Contact:
+49 (0)30 / 89786 - 551
End of Corporate News
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24.10.2012 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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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 News DGAP News-Service
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