News
03/07/2014
Deutsche Wohnen AG: Consensus reached regarding Conclusion of Domination Agreement between Deutsche Wohnen AG and GSW Immobilien AG
DGAP-Ad-hoc: Deutsche Wohnen AG: Consensus reached regarding Conclusion of Domination Agreement between Deutsche Wohnen AG and GSW Immobilien AG
Deutsche Wohnen AG / Key word(s): Contract
07.03.2014 18:06
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Consensus reached regarding Conclusion of Domination Agreement between Deutsche Wohnen AG and GSW Immobilien AG
Frankfurt am Main / Berlin, March 7, 2014 - Today, the management boards of Deutsche Wohnen AG and of GSW Immobilien AG agreed, with the approval of the respective supervisory board, to prepare a domination agreement between Deutsche Wohnen AG, as the controlling entity, and GSW Immobilien AG, as the controlled entity, and to conclude such agreement. An offer will be made to the minority shareholders of GSW Immobilien AG to acquire their shares in exchange for newly issued shares of Deutsche Wohnen AG, and the minority shareholders will be offered a compensation payment for the duration of the agreement. The companies will determine the final structure of the provisions regarding the consideration in shares and the annual compensation payment under the agreement on the basis of a company valuation and in accordance with legal requirements.
Deutsche Wohnen AG expects that the decision to conclude the domination agreement will be voted on at the ordinary shareholders' meeting of Deutsche Wohnen AG and GSW Immobilien AG in June 2014.
Contact:
Helge H. Hehl, CFA
Tel.: +49 (0)30 897 86-551
ir@deutsche-wohnen.com
This information contains forward-looking statements that are based upon current views and assumptions of the Deutsche Wohnen AG management, which were made to its best knowledge. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors. In consideration of these risks, uncertainties and other factors, persons receiving these documents are advised not to unreasonably rely on these forward-looking statements.
07.03.2014 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, DE000A1X3R56, DE0006283302, WKN: A0HN5C, A1X3R5, 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): Contract
07.03.2014 18:06
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Consensus reached regarding Conclusion of Domination Agreement between Deutsche Wohnen AG and GSW Immobilien AG
Frankfurt am Main / Berlin, March 7, 2014 - Today, the management boards of Deutsche Wohnen AG and of GSW Immobilien AG agreed, with the approval of the respective supervisory board, to prepare a domination agreement between Deutsche Wohnen AG, as the controlling entity, and GSW Immobilien AG, as the controlled entity, and to conclude such agreement. An offer will be made to the minority shareholders of GSW Immobilien AG to acquire their shares in exchange for newly issued shares of Deutsche Wohnen AG, and the minority shareholders will be offered a compensation payment for the duration of the agreement. The companies will determine the final structure of the provisions regarding the consideration in shares and the annual compensation payment under the agreement on the basis of a company valuation and in accordance with legal requirements.
Deutsche Wohnen AG expects that the decision to conclude the domination agreement will be voted on at the ordinary shareholders' meeting of Deutsche Wohnen AG and GSW Immobilien AG in June 2014.
Contact:
Helge H. Hehl, CFA
Tel.: +49 (0)30 897 86-551
ir@deutsche-wohnen.com
This information contains forward-looking statements that are based upon current views and assumptions of the Deutsche Wohnen AG management, which were made to its best knowledge. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors. In consideration of these risks, uncertainties and other factors, persons receiving these documents are advised not to unreasonably rely on these forward-looking statements.
07.03.2014 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, DE000A1X3R56, DE0006283302, WKN: A0HN5C, A1X3R5, 628330
Indices: MDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart
End of Announcement DGAP News-Service