DGAP-News: TLG IMMOBILIEN AG's Annual General Meeting sets course for further growth


DGAP-News: TLG IMMOBILIEN AG / Key word(s): AGM/EGM/Real Estate
TLG IMMOBILIEN AG's Annual General Meeting sets course for further growth

01.06.2016 / 07:00
The issuer is solely responsible for the content of this announcement.

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Press release

TLG IMMOBILIEN AG's Annual General Meeting
sets course for further growth

  - Resolutions proposed by the Management Board and the Supervisory Board
    passed with large majorities

  - EUR 0.72 dividend per share resolved

  - Management Board authorised to implement further corporate actions

  - Helmut Ullrich elected as a member of the Supervisory Board

  - Alexander Heße resigned from the Supervisory Board with effect from the
    conclusion of the Annual General Meeting

Berlin, 1 June 2016 - Yesterday, the second Annual General Meeting of TLG
IMMOBILIEN AG since the Company's IPO set the course for the Company's
further growth. All resolutions proposed by the Management Board and the
Supervisory Board were passed by a large majority of shareholders in
attendance.

The proposal on the allocation of net retained profits for financial year
2015 amounting to approx. EUR 50.6 m was adopted by the Annual General
Meeting with a 99.9998% majority of the voting shareholders. In accordance
with this resolution, a total amount of approx. EUR 48.6 m will be
distributed as a dividend to the shareholders. That corresponds to a EUR
0.72 dividend per share. The remainder of approx. EUR 2.0 m will be carried
forward to new account. Since the dividend will be paid entirely from the
contribution account for tax purposes within the meaning of § 27 of the
German Corporation Income Tax Act (Körperschaftsteuergesetz), it will be
distributed without any tax on investment income or solidarity surcharge
being withheld, and the dividend payment will not result in taxable
investment income pursuant to § 20 (1) sentence 1 no. 1 of the German
Income Tax Act (Einkommensteuergesetz).

The actions of the members of the Management Board and the Supervisory
Board in 2015 were approved by significant majorities of 99.9% and 99.4%,
respectively, of the Company's voting share capital represented at the
Annual General Meeting.

The Annual General Meeting again elected Ernst & Young
Wirtschaftsprüfungsgesellschaft GmbH, Berlin, as auditor of the annual and
consolidated financial statements for financial year 2016 and to review the
2016 half-yearly financial report; the firm was elected by a 98.1% majority
of voting share capital represented at the Annual General Meeting.

In addition, the creation of further Authorised Capital 2016, the
authorisation of the Management Board to issue convertible bonds, warrant
bonds, profit participation rights and/or income bonds (or a combination of
these instruments), and the creation of a new Conditional Capital 2016 was
adopted with majorities of 96.7% and 93.0%, respectively, of the voting
share capital represented at the Annual General Meeting.

Furthermore, Helmut Ullrich was elected as a member of the Supervisory
Board with a majority of 99.0% of the voting share capital represented at
the Annual General Meeting. The previous Deputy Chairman of the Supervisory
Board, Alexander Heße, resigned from the Supervisory Board with effect from
the conclusion of the Annual General Meeting and is therefore no longer a
member. The Supervisory Board is already looking into filling the vacancy.

"We would like to sincerely thank our shareholders for the trust they have
placed in us. Their resolutions have paved the way for TLG IMMOBILIEN AG to
continue to grow successfully. We therefore also have the necessary
flexibility in carrying out corporate actions to take advantage of
investment opportunities as they arise", said Peter Finkbeiner, Management
Board member of TLG IMMOBILIEN AG. "In the past year, we have consistently
met the targets set out at the time of our IPO. Not least, this is also
reflected in the positive development in earnings, enabling us to offer our
shareholders the opportunity to participate in the success of their Company
to a greater extent", added Niclas Karoff, also a member of the Company's
Management Board.

Contact

<pre>

Christoph Wilhelm                       Sven Annutsch
Corporate Communications                Investor Relations
Phone: +49 30 2470 6355                 Phone: +49 30 2470 6089
E-Mail: christoph.wilhelm@tlg.de        E-Mail: sven.annutsch@tlg.de


</pre>

About TLG IMMOBILIEN AG
TLG IMMOBILIEN AG is a stock exchange-listed leading commercial real estate
company focusing on Berlin and growth regions in Eastern Germany. For 25
years, TLG IMMOBILIEN AG is synonymous with real estate expertise in
Germany's East. TLG IMMOBILIEN AG generates stable rental income and
exhibits low vacancy rates, very good building stock and profits from its
local employees' excellent market knowledge. As an active portfolio
manager, TLG IMMOBILIEN AG is specialised in commercial properties for
office and retail use. TLG IMMOBILIEN AG focuses on managing a high-quality
portfolio of office properties in Berlin and other regional economic
centres, as well as a regionally diversified portfolio of retail properties
in highly frequented micro locations. The portfolio also includes seven
hotels in Berlin, Dresden, Leipzig and Rostock. TLG IMMOBILIEN AG's
properties stand out not only due to their excellent locations but also
because of their very long-term rental or lease agreements.
As at 31 March 2016, the value of the properties under IFRS totalled EUR
1,865 bn. As at the same reporting date, the EPRA Net Asset Value per share
amounted to EUR 17.64.



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01.06.2016 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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   Language:    English                                                     
   Company:     TLG IMMOBILIEN AG                                           
                Hausvogteiplatz 12                                          
                10117 Berlin                                                
                Germany                                                     
   Phone:       030 - 2470 - 50                                             
   Fax:         030 - 2470 - 7337                                           
   E-mail:      kontakt@tlg.de                                              
   Internet:    www.tlg.de                                                  
   ISIN:        DE000A12B8Z4                                                
   WKN:         A12B8Z                                                      
   Indices:     SDAX                                                        
   Listed:      Regulated Market in Frankfurt (Prime Standard); Regulated   
                Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,  
                Stuttgart                                                   
 
 
   End of News    DGAP News Service  
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