Brief: WCM Beteiligungs- und Grundbesitz agrees terms of domination agreement with TLG IMMOBLIEN

WCM Beteiligungs und Grundbesitz AG

05/10/2017 07:32

Oct 5(Reuters) - WCM BETEILIGUNGS- UND GRUNDBESITZ-AG 
 WCMKk.DE : 
    * SAID ON WEDNESDAY AGREED WITH TLG IMMOBLIEN AG ON TERMS OF 
A DOMINATION AGREEMENT WITH TLG IMMOBLIEN AG AS DOMINATING 
ENTITY AND WCM AS DOMINATED ENTITY 
    * WCM 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 
    * MINORITY SHAREHOLDERS OF WCM TO RECEIVE ANNUAL 
COMPENSATION PAYMENT IN FORM A OF GUARANTEE DIVIDEND IN 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 
    * MINORITY SHAREHOLDERS SHALL RECEIVE COMPENSATION OFFER FOR 
ACQUISITION OF THEIR WCM-SHARES AGAINST ISSUANCE OF NEW SHARES 
OF TLG IMMOBILIEN AG WITH NOMINAL VALUE OF EUR 1.00 OF SHARE 
CAPITAL WITH EXCHANGE RATIO OF 4 NEW SHARES OF TLG IMMOBILIEN AG 
FOR EACH 23 WCM-SHARES 
    * MEMBERS OF THE SUPERVISORY BOARD OF WCM RAINER LAUFS, 
CHAIRMAN OF THE SUPERVISORY BOARD, BERND GÜNTHER, CHRISTIAN 
SCHEDE, ARTHUR WIENER AND NICOLA SIEVERS HAVE RESIGNED FROM 
SUPERVISORY BOARD WITH EFFECT AS OF END OF GENERAL ASSEMBLY ON 
17 NOVEMBER 2017 
    * EXTRAORDINARY GENERAL ASSEMBLY ON 17 NOVEMBER 2017 SHALL 
RESOLVE ON THE REDUCTION OF THE SUPERVISORY BOARD TO THREE 
MEMBERS 
 
     
 Source text for Eikon:  urn:newsml:reuters.com:*:nEQ9gBvJ6a 
     
 Further company coverage:  WCMKk.DE   
    
 
 
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