Vastned Retail N : Resolutions of the Annual General Meeting 2019 of Vastned
June 25, 2020 at 10:04 am EDT
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The shareholders adopted the financial statements for the 2019 financial year and approved the proposal to distribute a dividend of € 1.43 per share for the 2019 financial year. On 20 August 2019 an interim dividend was distributed of € 0.58 per share, so the final dividend for 2019 is € 0.85 per share.
On 29 June 2020, the Vastned share will quote ex dividend and the final dividend will be made payable on 13 July 2020.
The shareholders approved the proposal to grant discharge to the members of the Supervisory Board for the 2019 financial year; they did not adopt the proposal to grant discharge to the members of the Executive Board for the 2019 financial year.
The shareholders did not approve the proposals to amend the Remuneration Policy for the Executive Board and to adopt the Remuneration Policy for the Supervisory Board. The amendments had been proposed to bring the policy into line with the recently introduced statutory regulations to implement the revised European Shareholders' Rights Directive ((EU) 2017/828 directive). As a result, the current remuneration policy will remain in effect. The shareholders' advisory vote on the 2019 Remuneration report was also negative. The shareholders furthermore did not approve the proposal to authorise the Executive Board to buy back the Company's own shares. The shareholders did approve the proposal to reappoint Ernst & Young Accountants LLP as Vastned's external auditor for a term of four financial years.
The members of the Executive Board and the Supervisory Board have taken note of these voting results, and will engage in dialogue with shareholders, as is customary.
TheAGMvoting results will be placed on the Company's website within 15 days.
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VastNed Retail NV published this content on 25 June 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 June 2020 14:03:06 UTC
Vastned Retail N.V. is a European listed property company focusing on the best retail property on the popular high streets of selected European cities with a historic city centre, also referred to as « core city assets ». The tenants of VastNed Retail N.V. include international and national department stores that are leading in their sector; major luxury, fashion and sports brands; supermarkets; and a wide range of other retailers.
By investing in historic city centres Vastned Retail N.V. contributes to the preservation of the cultural heritage in these city centres. Vastned Retail N.V. also provides a positive contribution to the liveability and safety in city centres by creating and renovating residential space above retail units. In this way, the company endeavours to create long-term value for its shareholders, tenants, employees and society as a whole.
At year-end 2023, the group's real estate portfolio amounted to EUR 1,373 million. Over 80% of the portfolio is comprised of property located in the historic centres of selected European cities. The remainder of the portfolio is mostly made up of Belgian retail parks, supermarkets and high-quality retail property in smaller cities in the Netherlands and Belgium.