Brief: TLG Immobilien says provisions for domination agreement agreed

WCM Beteiligungs und Grundbesitz AG

05/10/2017 07:26

Oct 5 (Reuters) - TLG IMMOBILIEN AG  TLGG.DE : 
    * MANAGEMENT BOARDS OF TLG IMMOBILIEN AND WCM, WITH THE 
CONSENT OF THE SUPERVISORY BOARDS OF TLG IMMOBILIEN AND WCM, 
HAVE AGREED ON THE PROVISIONS FOR THE DOMINATION AGREEMENT 
    * TO CONVENE EXTRAORDINARY GENERAL MEETING, WHICH, INTER 
ALIA, SHALL RESOLVE UPON THE APPROVAL TO ENTER INTO DOMINATION 
AGREEMENT 
    * DOMINATION AGREEMENT PROVIDES THAT OUTSIDE SHAREHOLDERS OF 
WCM SHALL RECEIVE AN ANNUAL COMPENSATION PAYMENT IN THE FORM OF 
A GUARANTEED DIVIDEND IN A GROSS AMOUNT OF EUR 0.13 PER WCM 
SHARE FOR THE DURATION OF THE DOMINATION AGREEMENT 
    * OUTSIDE SHAREHOLDERS OF WCM SHALL RECEIVE AN OFFER FOR THE 
ACQUISITION OF THEIR WCM SHARES IN EXCHANGE FOR NEWLY ISSUED NO 
PAR VALUE BEARER SHARES OF TLG IMMOBILIEN WITH A NOTIONAL SHARE 
IN THE SHARE CAPITAL OF EUR 1.00 EACH FOR AN EXCHANGE RATIO OF 4 
NEW NO PAR VALUE SHARES OF TLG IMMOBILIEN FOR EVERY 23 WCM 
SHARES 
 
     
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