Ad-hoc | 6 May 2011 17:40
Peach Property Group AG / Key word(s): AGM/EGM/Dividend
06.05.2011 17:40
Release of an ad hoc announcement pursuant to Art. 72 KR
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Media release
Peach Property Group AGM approves all motions
- Dividend of CHF 1.00 for distribution from capital reserves
- Remuneration report accepted
- Dr. Christian De Prati elected to join Board of Directors
Zurich, 6 May 2011 - The ordinary general meeting of Peach Property Group
Ltd was held in Zurich today, in the presence of 22 shareholders. A total
of 56.8% per cent of the share capital with voting rights was represented.
The shareholders voted, by clear majorities, to accept all motions of the
Board of Directors. These included approval of the dividend applied for,
amounting to CHF 1.00 for the 2010 financial year. This will be distributed
in the form of a capital repayment, which confers tax advantages. The
shareholders also accepted the remuneration report, on which a consultative
ballot took place.
Further, the annual general meeting elected Dr. Christian De Prati as a new
member of the Board of Directors of Peach Property Group Ltd. Dr. De Prati
has a successful
15-year track record in investment banking. Dr. Christian Wenger, Peter
Bodmer, Christian Kühni and Dr. Thomas Wolfensberger were re-elected for a
further one-year term of office.
Contact
For investors and analysts:
Dr. Thomas Wolfensberger, Chief Executive Officer
Bruno Birrer, Chief Operating Officer
Tel.: +41 44 485 50 00
investors@peachestates.com
For the media:
Siro Barino, Barino Consulting
Tel.: +41 79 335 24 24
info@barino.ch
Information on Peach Property Group Ltd
Peach Property Group Ltd is one of the leading developers in the area of
luxury residential property in the German-speaking part of Europe.
Activities cover the entire value chain of property development, from site
surveying to project planning, implementation and marketing. Properties
developed by Peach Property Group Ltd are located on exceptional sites in
or near city centres and holiday resorts. Premier amenities meet the
requirements of a demanding clientele.
Peach Property Group Ltd currently employs some 34 highly qualified real
estate and finance specialists at its Zurich head office and at its Cologne
branch. The Group plans and is currently implementing 14 projects with
total target marketing volume of approximately CHF 800 million. Peach
Property Group Ltd has been listed on the SIX Swiss Exchange since 12
November 2010 (PEAN, ISIN CH0118530366).
For further information, please visit www.peachestates.com
06.05.2011 News transmitted by EquityStory AG.
The issuer is responsible for the contents of the release.
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Language: English
Company: Peach Property Group AG
Seestrasse 346
8038 Zürich
Schweiz
Phone: +41 44 485 50 00
Fax: +41 44 485 50 11
E-mail: investors@peachestates.com
Internet: www.peachestates.com
ISIN: CH0118530366
Swiss Security Number: A1C8PJ
Listed: Freiverkehr in Berlin, Stuttgart; Open Market in
Frankfurt; SIX
End of Announcement EquityStory News-Service
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