CPI Property S A : GROUP - Annual General Meeting of Shareholders
May 28, 2020 at 11:45 am EDT
Share
DGAP-News: CPI PROPERTY GROUP
/ Key word(s): AGM/EGM
CPI PROPERTY GROUP - Annual General Meeting of Shareholders
28.05.2020 / 17:43
The issuer is solely responsible for the content of this announcement.
CPI PROPERTY GROUP
(société anonyme)
40, rue de la Vallée
L-2661 Luxembourg
R.C.S. Luxembourg: B 102 254
PRESS RELEASE
Luxembourg, 28 May 2020
CPI PROPERTY GROUP - Annual General Meeting of Shareholders
The annual general meeting of the shareholders of CPI PROPERTY GROUP (the "Company") was held today in Luxembourg (the "AGM"), with approximately 90.6% of the voting rights present or represented. All resolutions were approved unanimously.
The AGM approved the statutory and consolidated annual accounts, as well as the allocation of financial results for the financial year ending 31 December 2019. The AGM also granted a discharge to the members of the Company's board of directors and the auditor for the performance of their duties during the financial year ending 31 December 2019.
The AGM further resolved to re-appoint the following persons as members of the Company's board of directors until the annual general meeting of 2021: Edward Hughes, Philippe Magistretti, Martin Nemecek, Tomas Salajka, Omar Sattar, Oliver Schlink, Radovan Vitek, and Marie Vitek. Martin Nemecek was appointed as the managing director (administrateur délégué) of the Company. The AGM also approved Ernst & Young as an auditor of the Company until the annual general meeting of 2021.
The AGM finally approved the terms and conditions of a buy-back programme of the Company enabling the repurchase by the Company of its own shares. In particular, the AGM authorized the board of directors of the Company to repurchase, in one or several steps, a maximum number of one billion (1,000,000,000) shares in the Company, for a purchase price comprised in the range between one eurocent (EUR 0.01-) and five euros (EUR 5.-). For terms and conditions of the buy-back authorization kindly refer to the buy-back programme available at the website of the Company.
For more on CPI PROPERTY GROUP, visit our website: www.cpipg.com
For further information please contact:
INVESTORS
CPI PROPERTY GROUP
David Greenbaum
Chief Financial Officer
d.greenbaum@cpipg.com
CPI PROPERTY GROUP
Joe Weaver
Director of Capital Markets
j.weaver@cpipg.com
MEDIA/PR
Kirchhoff Consult AG
Andreas Friedemann
Borselstraße 20
22765 Hamburg
T +49 40 60 91 86 50
F +49 40 60 91 86 60
E andreas.friedemann@kirchhoff.de
28.05.2020 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.
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
Language:
English
Company:
CPI PROPERTY GROUP
40, rue de la Vallée
L-2661 Luxembourg
Luxemburg
Phone:
+352 264 767 1
Fax:
+352 264 767 67
E-mail:
contact@cpipg.com
Internet:
www.cpipg.com
ISIN:
LU0251710041
WKN:
A0JL4D
Listed:
Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Dusseldorf, Stuttgart
CPI Property Group SA, formerly GSG Group SA, is a Luxembourg-based company active in real estate sector with operations in Germany, the Czech Republic, Hungary, Poland, Russia, Croatia, Switzerland and Slovakia. The Company is principally engaged in leasing out investment properties and developing properties for its own portfolio. It has two segments: Property Investments, its core segment, and Development. The core segment comprises investment in commercial properties through acquisition, rental of properties and property portfolios, especially in long-term ownership of the properties. The Development segment focuses on commercial projects and the conversion of some Kreuzberg commercial assets into residential units to be sold; this includes property acquisition, planning and obtaining building rights, project implementation and sale/rental of the realized projects to investors and tenants. The Company operates Remontees Mecaniques Crans Montana Aminona SA as a subsidiary.
CPI PROPERTY GROUP 
