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ADLER Real Estate AG: ADLER Annual General Meeting: All agenda items approved in line with management recommendations

DGAP-News: ADLER Real Estate AG / Key word(s): AGM/EGM

2016-06-09 / 15:03

The issuer is solely responsible for the content of this announcement.

Corporate News

ADLER Annual General Meeting: All agenda items approved in line with management recommendations

- Dr. Dirk Hoffmann and Thomas Katzuba von Urbisch confirmed as Supervisory 
   Board  members


- Corporate headquarters to be relocated to Berlin

- Conditional capital approved

Hamburg, 9 June 2016. Shareholders at today's Annual General Meeting of ADLER Real Estate AG confirmed Dr. Dirk Hoffmann and Thomas Katzuba von Urbisch in their positions as members of the Supervisory Board and elected them for a further three-year term. At the constitutive meeting of the Supervisory Board held after the Annual General Meeting, Dr. Dirk Hoffmann was also re-elected as Supervisory Board Chairman. Thomas Katzuba von Urbisch was confirmed as Deputy Supervisory Board Chairman. Thilo Schmid continues to sit on the Supervisory Board as its third member.

Following rapid acquisitions-driven growth in recent years, the company plans to consolidate the business and implement structural changes. Among others, these include pooling most activities in Berlin and - as a result - discontinuing all previous activities at the Frankfurt location. The Annual General Meeting resolved to relocate the corporate headquarters from Frankfurt to Berlin and thus as far as possible to bring the company's legal and organisational structures in line with each other.

The Annual General Meeting also decided to stock up conditional capital to 50 percent of share capital - the maximum amount permitted by German stock corporation law - to give the Management Board adequate scope to issue convertible bonds or comparable financial instruments. Issuing such instruments should serve to finance future acquisitions, redeem existing liabilities charging higher rates of interest and/or improve the company's overall financial situation.

All resolutions, including those approving the actions of the Management and Supervisory Boards, were adopted with large majorities. The voting results can be found under "Annual General Meeting 2016" in the Investor Relations section of the company's homepage at

ADLER Real Estate AG: ADLER Real Estate AG, headquartered in Frankfurt and with its administrative headquarters in Hamburg, focuses on the acquisition, management and administration of residential property privatisation. ADLER invests primarily in portfolios with residential property companies in B-locations of major conurbations with units that achieve a positive cash flow and can demonstrate a sustained appreciation potential.

The ADLER subsidiary, ACCENTRO Real Estate AG, is one of the largest privatisers of residential property in Germany. ACCENTRO markets suitably targeted residential property from the holdings of the ADLER Group and procures condominiums for third party owner-occupiers and investors seeking to provide for their retirement.

In addition, ADLER holds a 23.5 percent stake (31 December 2015) in conwert Immobilien Invest SE, Vienna, one of the leading real estate companies in Austria. conwert holds more than 82 per percent of its property portfolio in Germany, many of them in A-cities.

With nearly 50,000 residential units, ADLER is among the top five largest German residential property companies listed in Germany. In addition to the listing on the FTSE EPRA / NAREIT Global Real Estate Index in London and the GRP General Index, shares in ADLER are also listed in the small cap index SDAX of the Deutsche Börse.

Contact for enquiries:

Dr. Rolf-Dieter Grass
ADLER Real Estate AG
Tel.: +49 30/2000 914 29

2016-06-09 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.

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