HAMBORNER REIT AG / Key word(s): Dividend/AGM/EGM
HAMBORNER REIT AG pays dividend of EUR0.37 and creates new foundation for further growth
Duisburg, 18 May 2011 - At the Annual General Meeting of HAMBORNER REIT AG, shareholders yesterday resolved the dividend payment of EUR0.37 proposed by the Managing Board and the Supervisory Board for the past financial year. The company has therefore kept its dividend stable in spite of the 50% increase in the number of shares as a result of the capital increase performed last year.
The further growth course also met with broad approval among shareholders. Thus, the company granted itself new authorised capital totalling 50% of its current share capital to form the foundation for its further growth. 'As a REIT with an extremely solid financing structure and a prescribed minimum equity ratio of 45%, HAMBORNER's growth is not currently limited by borrowed capital, but rather by the need to procure fresh equity,' explained the members of the Managing Board Dr. Rüdiger Mrotzek and Hans Richard Schmitz. 'We are therefore delighted that the shareholders still have confidence in us after the recent successful financial years and have opened up the path for the company to continue to expand.'
HAMBORNER acquired twelve properties in the past year for around EUR160 million, most of which have already been added to its portfolio. The company's portfolio currently has a total value of EUR435 million; further properties are being examined.
There have also been changes in the Supervisory Board: Dr. Bernd Kottmann (as Deputy Chairman) and Mrs. Bärbel Schomburg were elected as members of the executive body. Dr. David Mbonimana was confirmed in his office by the Annual General Meeting. Mr. Volker Lütgen, representative of the former major shareholder HSH Real Estate, resigned his mandate. Thus, the Supervisory Board now consists of nine members.
The results of the votes on the individual items of the agenda can be seen on the company's website www.hamborner.de under 'Annual General Meeting'.
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|HAMBORNER REIT AG
|Regulierter Markt in Berlin, Düsseldorf, Frankfurt (Prime Standard), Hamburg, München, Stuttgart
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