Corporate | 13 January 2014 09:43
DGAP-News: ESTAVIS AG / Key word(s): AGM/EGM
13.01.2014 / 09:43
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- Shareholders approve increase in authorised capital and fresh
contingent capital
- Election of new supervisory board
- Bright outlook for the ongoing financial year
Berlin, 13 January 2014 - The shareholders of Estavis AG confirmed the
policy of the company's senior management with a large majority at
shareholder meeting on last friday. The occasion also saw the resignation
of incumbent supervisory board members Dr. Karl-Josef Stöhr (Chairman),
Rolf Elgeti and Dr. Philipp K. Wagner from their posts as expected after a
previous announcement. The shareholder meeting resolved with a large
majority to appoint Alexandra Timoschenko, André Pernhold and Thomas
Bergander to the supervisory body. Thomas Bergander will serve as next
chairman of the supervisory board of Estavis AG.
Fresh Capital Authorised for Continued Expansion
Another resolution passed by the shareholder meeting concerned a share
capital increase. For one thing, the shareholder approved a conditional
capital increase of up to 4,136,631.00 euros through the issuance of up to
4,136,631 new no-par-value bearer shares. On the other hand, they approved
an authorised capital of up to 9,116,469.00 euros for future corporate
actions. 'The shareholders voted in favour of our business model, thereby
clearing the way for the continued expansion of Estavis,' said Torsten
Ceijka, member of the board of Estavis AG.
Bright Outlook for the Ongoing Financial Year
Following the turnaround in the 2012 / 2013 financial year, which saw
Estavis turn a profit again with a consolidated income of 1.5 million
euros, the management board is committed to further expansion. 'In the
ongoing financial year, we are stepping up our activities in the two
strategic core areas of privatisation and portfolio management. 'The
successful performance of the company during the previous financial year
permits us to build on a sound foundation,' announced Jacopo Mingazzini,
another board member of Estavis AG.
About Estavis:
Estavis AG is a listed property company focusing on residential properties.
The company buys up selected housing portfolios for the purpose of managing
them long-term. Accentro, a subsidiary of ESTAVIS and the company's second
mainstay, is Germany's market leader in housing privatisations as a
service. Estavis AG is headquartered in Berlin and is listed on the Prime
Standard of the Frankfurt Stock Exchange (German Securities Code Number
[WKN]: A0KFKB).
Contact:
ESTAVIS AG
Investor & Public Relations
Tel: + 49 30 887 181 799
E-Mail: ir@estavis.de
Dr. ZitelmannPB. GmbH
Holger Friedrichs
Tel.: + 49 30 72 62 76 157
E-Mail: friedrichs@zitelmann.com
End of Corporate News
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Language: English
Company: ESTAVIS AG
Uhlandstr. 165
10719 Berlin
Germany
Phone: +49 (0)30 - 887 181 - 0
Fax: +49 (0)30 - 887 181 - 11
E-mail: info@estavis.de
Internet: http://www.estavis.de
ISIN: DE000A0KFKB3
WKN: A0KFKB
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP News-Service
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