Corestate Capital Holding S.A.: Annual General Meeting approves dividend in the amount of EUR 1 per share

04/28/2017
DGAP-News: Corestate Capital Holding S.A.: Annual General Meeting approves dividend in the amount of EUR 1 per share
DGAP-News: Corestate Capital Holding S.A. / Key word(s): AGM/EGM

28.04.2017 / 14:52
The issuer is solely responsible for the content of this announcement.

CORESTATE Capital Holding S.A.: Annual General Meeting approves dividend in the amount of EUR 1 per share

All agenda items adopted with strong shareholders’ approval
Distribution of a dividend of EUR 1 per share approved
The shareholders of CORESTATE Capital Holding S.A. (CORESTATE), a fully-integrated investment manager and co-investor based in Luxembourg, have adopted all agenda items with great approval at today’s Annual General Meeting.

The Annual General Meeting resolved, among other topics, to distribute a dividend of EUR 1 per share. The payout sum amounts to EUR 13,606,999 in total. Based on the adjusted net profit for fiscal year 2016, the dividend ratio is thus around 70% as management had announced.

Furthermore, the shareholders unanimously voted in favor of the administration’s proposal to create new authorized capital of up to EUR 2m. This measure will enable the company to continue to act quickly and flexibly in the future with regard to its financing needs and pursuing strategic development opportunities. On the basis of the closing price of the share on April 21, 2017, this equates to an additional equity volume of approx. EUR 835m.

The dividend yield based on the volume-weighted average share price since the listing is around 4%.

IR Contact
Henryk Deter / Mirko Koch
Phone: +49 611 20585540 / koch@cometis.de

PR Contact
Tom Zeller
Phone: +49 69 264867715 / Cell phone: +49 176 10430063 / tz@feldhoff-cie.de

About CORESTATE Capital Holding S.A.
CORESTATE Capital Holding S.A. (CORESTATE) is an investment manager and co-investor with EUR 16bn* in assets under management. As a fully integrated real estate platform, CORESTATE offers its clients combined expertise in the areas of investment and fund management as well as real estate management services. The company operates as a respected business partner of institutional clients and wealthy private investors internationally. CORESTATE is headquartered in Luxembourg and has 26 offices including in Dusseldorf, Frankfurt, Madrid, Singapore and Zurich. The company employs over 390 people and is listed on the Frankfurt Stock Exchange. Further information is available at www.corestate-capital.com.
*The completion of the Hannover Leasing Group transaction is still subject to the conclusion of ownership control procedures by the Federal Financial Supervisory Authority, BaFin

Forward-Looking Statements
This release may contain forward-looking statements based on current assumptions and forecasts made by our management. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of our company and the estimates given here. These factors include those discussed in our public reports, which are available on our website at [ir.corestate-capital.com]. The company assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof.

-ENDS-