Ad-hoc reports

According to Article 17 of the Regulation (EU) No 596/2014 (Market Abuse Regulation - MAR) domestic issuers of financial instruments are obliged to immediately publish insider information that concerns them directly.

The purpose of the ad-hoc disclosure requirement is to ensure full and proper market transparency, which is a prerequisite for trading for all economic actors in integrated financial markets and which is essential to avoid insider dealing and ensure that investors are not misled.

The regulation has been in force since 3 July 2016. Older notifications are based on § 15 WpHG (German Securities Trading Act) that applied before.


Drucken

Deutsche Wohnen AG: Consensus on the Amount of Compensation and Settlement for the Planned Conclusion of the Domination Agreement between Deutsche Wohnen AG and GSW Immobilien AG


Deutsche Wohnen AG / Key word(s): Contract
23.04.2014 11:29

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 on the Amount of Compensation and Settlement for the Planned Conclusion of the Domination Agreement between Deutsche Wohnen AG and GSW Immobilien AG

Frankfurt/Main and Berlin, 23 April 2014. As announced on 7 March 2014, Deutsche Wohnen AG and GSW Immobilien AG intend to conclude a Domination Agreement with Deutsche Wohnen AG as the controlling entity and GSW Immobilien AG as the controlled entity.

After completion of the work of the jointly appointed valuation expert, Deutsche Wohnen AG and GSW Immobilien AG have agreed, subject to the findings of the court-appointed contract auditor and the approval by the supervisory boards of Deutsche Wohnen AG and GSW Immobilien AG, to offer the minority shareholders under the Domination Agreement a settlement in the amount of 7 Deutsche Wohnen AG shares for each 3 GSW Immobilien AG shares. In addition, Deutsche Wohnen AG and GSW Immobilien AG have agreed, subject to the aforementioned reservations, that a fixed annual payment in the form of a guaranteed dividend in the amount of EUR 1.40 (after deduction of current corporate income tax plus solidarity surcharge) per GSW Immobilien AG share for each full business year for the minority shareholders of GSW Immobilien AG shall be agreed upon in the Domination Agreement.

In order to be valid, the Domination Agreement requires, in addition to the aforementioned committee decisions, in particular the approval of the general shareholders' meetings of Deutsche Wohnen AG and GSW Immobilien AG, that are planned for 11 June 2014 and 18 June 2014, respectively, as well as entry into the Commercial Register of GSW Immobilien AG.
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.


23.04.2014 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 am Main
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  



back

Current share price

 

Video



watch video
 

Share/Recommend

Archive Ad-hoc-Reports

 

Links