WCM BET.GRD.AGO.N.
WCM BET.GRD.AGO.N.
- EUR (-)
- 15-min zeitverzögert - Deutschland Aktien
Eröffnung: -
Veränderung: -
Volumen: -
Tief: -
Hoch: -
Hoch - Tief: -
Typ: Aktien
Ticker: WCMK
ISIN: DE000A1X3X33

DGAP-Adhoc: WCM Beteiligungs- und Grundbesitz-AG:

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DGAP-Ad-hoc: WCM Beteiligungs- und Grundbesitz-AG / Key word(s): Mergers & Acquisitions/Change of Personnel
WCM Beteiligungs- und Grundbesitz-AG:

04-Oct-2017 / 19:54 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Ad-hoc Release pursuant to Article 17 Market Abuse Regulation: Decision to enter into a domination agreement with TLG IMMOBILIEN AG; Resignation of members of the supervisory board

Frankfurt, 4 October 2017. The management and the supervisory board of WCM Beteiligungs- und Grundbesitz-Aktiengesellschaft ("WCM", ISIN: DE000A1X3X33), today agreed with the management board of TLG IMMOBLIEN AG on the terms of a domination agreement with TLG IMMOBLIEN AG as dominating entity and WCM as dominated entity. Further, the management and the supervisory board of WCM today resolved upon entering into this domination agreement with TLG IMMOBLIEN AG and to call for an extraordinary general assembly, which, inter alia, should resolve upon the entering into this domination agreement.

The domination agreement provides for the minority shareholders of WCM for the duration of the domination agreement to receive an annual compensation payment in the form a of a guarantee dividend in a gross amount of EUR 0.13 per share less any corporate income tax and solidarity surcharge at the prevailing rate for the relevant fiscal year. Further, minority shareholders shall receive a compensation offer for the acquisition of their WCM-shares against the issuance of new shares of TLG IMMOBILIEN AG with a nominal value of EUR 1.00 of the share capital with an exchange ratio of 4 new shares of TLG IMMOBILIEN AG for each 23 WCM-shares ("Compensation Offer"). The amount of the guarantee dividend and the exchange ratio of the Compensation Offer were set in accordance with applicable legal requirements and are based on the valuation of the enterprise value of TLG IMMOBILIEN AG and WCM.

Further, the members of the supervisory board of WCM Mr. Rainer Laufs, chairman of the supervisory board, Mr. Bernd Günther, Dr. Christian Schede, Mr. Arthur Wiener and Mrs. Nicola Sievers have resigned from the the supervisory board with effect as of the end of the general assembly on 17 November 2017. Mr Karl Ehlerding remains a member of the supervisory board. The extraordinary general assembly on 17 November 2017 shall resolve on the reduction of the supervisory board to three members. Two new members to the supervisory board shall be appointed by this general assembly. These changes in the supervisory board of WCM are related to the takeover of WCM by TLG IMMOBILIEN AG and the entering into the domination agreement.

Contact
Gunnar Janssen
Investor Relations
WCM Beteiligungs- und Grundbesitz-AG
Bleichstr. 64-66
60313 Frankfurt am Main
Tel: +49 69 963 7319 10
Email: g.janssen(at)wcm.de
www.wcm.de

ISIN: DE000A1X3X33
WKN: A1X3X3
Stock Exchanges: Frankfurt Regulated Market (Prime Standard), Hamburg, Stuttgart and Munich (unofficial market)




Contact:
Hubert Hesse
Legal Department WCM AG
Bleichstraße 64-66
60313 Frankfurt am Main
Tel. +49 69 963 731 903
Email [email protected]

04-Oct-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: WCM Beteiligungs- und Grundbesitz-AG
Bleichstr. 64-66
60313 Frankfurt am Main
Germany
Phone: +49 (0)69 963 7319-10
Fax: +49 (0)69 963 7319-20
E-mail: [email protected]
Internet: www.wcm.de
ISIN: DE000A1X3X33
WKN: A1X3X33
Listed: Regulated Market in Frankfurt (Prime Standard), Hamburg, Stuttgart; Regulated Unofficial Market in Munich, Tradegate Exchange

 
End of Announcement DGAP News Service

615941  04-Oct-2017 CET/CEST

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