DGAP-News: GAGFAH S.A. / Key word(s): Change of Personnel
GAGFAH S.A.: Change in Composition of Board of Directors
06.03.2015 / 13:38
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Press Release: March 6, 2015
GAGFAH S.A.
2-4, rue Beck
L-1222 Luxembourg
ISIN: LU0269583422
Frankfurt Stock Exchange (Ticker Symbol: GFJ)
Regulated Market (Prime Standard)
The change of control announced by Deutsche Annington Immobilien SE in
connection with the voluntary public takeover offer to the shareholders of
GAGFAH S.A. leads to the following changes in the composition of the Board
of Directors of GAGFAH S.A., as expected:
Gerhard Zeiler (chairman), Hendrik Jellema, and Daniel Just resigned from
their offices as members of the Board of Directors of GAGFAH S.A. As had
already been indicated in the Offer Document published by Deutsche
Annington Immobilien SE in connection with the voluntary public takeover
offer to the shareholders of GAGFAH S.A., it is intended to propose Mr.
Zeiler, Mr. Jellema, and Mr. Just as new members to the Supervisory Board
of Deutsche Annington Immobilien SE. A resolution to that effect is
expected to be proposed to the annual general shareholders' meeting of
Deutsche Annington Immobilien SE, which is scheduled to take place on April
30, 2015.
Furthermore, the Board of Directors of GAGFAH S.A. has resolved to co-opt
Rolf Buch as representative of the majority shareholder and Pierre Berna as
independent board member to the Board of Directors. The two new directors
shall be proposed for election to the next annual general shareholders'
meeting of GAGFAH S.A. In addition, the Board of Directors appointed Dieter
H. Ristau, independent board member, as its new chairman.
GAGFAH S.A.'s Board of Directors therefore comprises the following members:
Dieter H. Ristau (chairman, independent director)
Pierre Berna (independent director)
Yves Wagner, Ph.D. (independent director)
Rolf Buch
Thomas Zinnöcker
Contact
GAGFAH S.A.
Investor Relations
Rene Hoffmann
2-4, rue Beck
L-1222 Luxembourg
Tel.: +352 266 366 1
rhoffmann@gagfah.com
www.gagfah.com
R.C.S. Luxembourg B 109.526
About GAGFAH S.A.
GAGFAH S.A. is a joint stock corporation organized under the laws of the
Grand Duchy of Luxembourg qualifying as a securitization company under the
Luxembourg Securitization Law of March 22, 2004. The core business of
GAGFAH S.A.'s operating subsidiaries is the acquisition, ownership and
management of a residential property portfolio located in Germany.
GAGFAH is a leading owner and operator of residential real estate in
Germany. Our portfolio includes more than 144,000 own residential units
that are mostly located in the large German cities and their respective
commuter belts. We believe that our size, our significant presence in the
key residential markets and our scalable operating platform make us one of
the leading providers of affordable housing for low- to medium- income
households in Germany. Our operating subsidiaries are full-scale service
providers for a broad range of property and facility management services.
Our objective is to generate shareholder value through sustainable and
growing cash flows, increasing net asset value and sustainable dividends by
efficiently managing our portfolio, carrying out value-enhancing property
investments, pursuing accretive growth opportunities, and realizing value
through selected asset sales.
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06.03.2015 Dissemination of a Corporate News, transmitted by DGAP - a
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Language: English
Company: GAGFAH S.A.
2-4, rue Beck
1222 Luxemburg
Grand Duchy of Luxembourg
Phone: + 352 266 366 21
Fax: + 352 266 366 01
E-mail: info@gagfah.com
Internet: www.gagfah.com
ISIN: LU0269583422, DE000A1ZJD18
WKN: A0LBDT, A1ZJD1
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
Stuttgart
End of News DGAP News-Service
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330991 06.03.2015
DGAP-News: GAGFAH S.A.: Change in Composition of Board of Directors
| Source: EQS Group AG