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MarketScreener Homepage  >  Equities  >  Xetra  >  Aareal Bank AG    ARL   DE0005408116

AAREAL BANK AG

(ARL)
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PRESS RELEASE : Aareal Bank rejects demand by Petrus for replacement of Supervisory Board members

04/08/2021 | 03:35am EDT
DGAP-News: Aareal Bank AG / Key word(s): Miscellaneous 
Aareal Bank rejects demand by Petrus for replacement of Supervisory Board members 
2021-04-08 / 09:33 
The issuer is solely responsible for the content of this announcement. 
=---------------------------------------------------------------------------------------------------------------------- 
Aareal Bank rejects demand by Petrus for replacement of Supervisory Board members 
Wiesbaden, 8 April 2021. The Supervisory Board of Aareal Bank AG rejects the demand by Petrus Advisers Ltd ("Petrus") 
for a partial replacement of Supervisory Board members, since this demand is without any substance. As communicated by 
way of an ad-hoc disclosure on 31 March, the investor is urging for replacement of three out of the eight shareholder 
representatives on the Supervisory Board, including the Chairman. Petrus has explicitly called for the resignation of 
three current Supervisory Board members, in order to make room for three replacement candidates proposed by Petrus, to 
be elected at the upcoming Ordinary Annual General Meeting on 18 May. 
Marija Korsch, Chairman of the Supervisory Board, commented: "The General Meeting, in its capacity as the Company's 
ultimate authority, has mandated the members of the Supervisory Board to advise, monitor and exercise joint 
entrepreneurial oversight of the Company for a specified term of office - not 'for the time being'. The Supervisory 
Board is fully staffed, with all of its members being elected for their respective term of office. There are no reasons 
for resignation, whether legal or otherwise. As in the past, upon regular expiration of each term of office for any 
shareholder representative, the Nomination Committee will launch a broad-based, clearly structured and transparent 
search process to identify candidates. As a matter of course, the Committee will include candidates proposed by 
material investors, as it did in 2019/2020." 
Extensive discussions concerning the Supervisory Board's skills profile, its composition, the structure of its 
committees and the terms of office of its members took place in preparation for the Annual General Meeting 2020 - with 
all material investors (including Petrus Advisers) as well as proxy advisors. This corporate governance sounding led to 
shortened terms of office of Supervisory Board members, the introduction of a so-called staggered board, as well as new 
appointments to the Supervisory Board (in the sense of a Board refreshment). This highly transparent and broadly 
explored corporate governance reform met with resounding support by shareholders at the 2020 Annual General Meeting: at 
the time, the six candidates for election to the Supervisory Board received between 99.68 per cent and 99.72 per cent 
of votes. This also applies to the Supervisory Board members whom Petrus has now called upon to resign - who were only 
elected last year. 
Consequently, the agenda published on 6 April 2021 with the invitation to this year's Ordinary Annual General Meeting 
on 18 May 2021 does not include any proposals for election to the Supervisory Board put forward by management, given 
the fact that the terms of office of current Supervisory Board members have not expired. 
Contacts 
Christian Feldbrügge 
Telefon: +49 611 348 2280 
Christian.Feldbruegge@aareal-bank.com 
Anja Käfer-Rohrbach 
Telefon: +49 611 348 2298 
Anja.Kaefer-Rohrbach@Aareal-Bank.com 
About Aareal Bank Group: 
Aareal Bank Group, headquartered in Wiesbaden, is a leading international property specialist. It provides smart 
financings, software products, and digital solutions for the property sector and related industries, and is present 
across three continents: Europe, North America and Asia/Pacific. Aareal Bank AG, whose shares are included in Deutsche 
Börse's SDAX index, is the Group's parent entity. It manages the various entities organised in the Group's three 
business segments: Structured Property Financing, Banking & Digital Solutions, and Aareon. The Structured Property 
Financing segment encompasses all of Aareal Bank Group's property financing and funding activities. Here, the Bank 
supports its clients in making large-volume commercial property investments. The investment properties mostly comprise 
office buildings, hotels, shopping centres, logistics and residential property, as well as student apartments. In the 
Banking & Digital Solutions segment, Aareal Bank Group supports businesses from the housing, property management and 
energy industries as a digitalisation partner - combining extensive advisory services and product solutions with 
traditional corporate banking services and deposit-taking. Subsidiary Aareon, a leading consultancy and IT systems 
house for the European property industry and its partners in the digital age, forms the third business segment. Aareon 
offers reliable, pioneering solutions in the fields of consulting, software and services to optimise IT-supported 
business processes, and to extend business models. The Aareon Smart World digital platform links businesses from the 
housing industry and related sectors with customers, staff and business partners, as well as connecting technical 
devices in apartments and buildings. 
=---------------------------------------------------------------------------------------------------------------------- 
2021-04-08 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:      Aareal Bank AG 
              Paulinenstr. 15 
              65189 Wiesbaden 
              Germany 
Phone:        +49 (0)611 348 - 0 
Fax:          +49 (0)611 348 - 2332 
E-mail:       aareal@aareal-bank.com 
Internet:     www.aareal-bank.com 
ISIN:         DE0005408116 
WKN:          540811 
Indices:      SDAX 
Listed:       Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, 
              Hamburg, Munich, Stuttgart, Tradegate Exchange; Stockholm 
EQS News ID:  1182158 
 
End of News   DGAP News Service 
=------------ 

1182158 2021-04-08

(END) Dow Jones Newswires

April 08, 2021 03:34 ET (07:34 GMT)

Stocks mentioned in the article
ChangeLast1st jan.
AAREAL BANK AG -1.55% 24.14 Delayed Quote.25.42%
SDAX PERFORMANCE INDEX 9:00-20:00 -0.69% 15614.18 Delayed Quote.6.49%
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Financials
Sales 2021 833 M 990 M 990 M
Net income 2021 70,2 M 83,5 M 83,5 M
Net Debt 2021 - - -
P/E ratio 2021 18,3x
Yield 2021 4,49%
Capitalization 1 468 M 1 744 M 1 745 M
Capi. / Sales 2021 1,76x
Capi. / Sales 2022 1,68x
Nbr of Employees 2 690
Free-Float 100,0%
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Technical analysis trends AAREAL BANK AG
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TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 8
Average target price 22,90 €
Last Close Price 24,52 €
Spread / Highest target 12,2%
Spread / Average Target -6,61%
Spread / Lowest Target -18,4%
EPS Revisions
Managers and Directors
NameTitle
Hermann Josef Merkens Chairman-Management Board
Marc Oliver Heß Chief Financial Officer
Marija G. Korsch Chairman-Supervisory Board
Holger Spielberg Group Technology Officer
Richard Peters Independent Member-Supervisory Board
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