PRESS RELEASE : Annual General Meeting of Aareal Bank AG supports the current Supervisory Board, rejects partial replacement of Supervisory Board members

DGAP-News: Aareal Bank AG / Key word(s): AGM/EGM 
Annual General Meeting of Aareal Bank AG supports the current Supervisory Board, rejects partial replacement of 
Supervisory Board members 
2021-05-18 / 16:07 
The issuer is solely responsible for the content of this announcement. 
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Annual General Meeting of Aareal Bank AG supports the current Supervisory Board, rejects partial replacement of 
Supervisory Board members 
- Demand for removal of Supervisory Board members has failed 
- Shareholders formally approved the activities of the Management Board and the Supervisory Board for the 2020 
financial year, with clear majorities 
- No majority for proposed Management Board remuneration system - revision announced 
- Shareholders resolve dividend of EUR 0.40 per share for the 2020 financial year 
Wiesbaden, 18 May 2021 - The Annual General Meeting of Aareal Bank AG has rejected the partial replacement of 
Supervisory Board members, as proposed by two shareholders. At today's virtual Annual General Meeting, approx. 69 per 
cent of the share capital present at the Meeting voted against the demand for removal of three Supervisory Board 
members (including Chairman Marija Korsch) put forward by shareholders Till Hufnagel and Petrus Advisers Investments 
Fund L.P. ("Petrus") in requests for extension of the agenda. The proposed election of candidates put forward by 
Hufnagel/Petrus Advisers was therefore voided. The large majority of other shareholders thus supported Aareal Bank's 
position, which it had outlined prior to the Meeting, that the demand for a partial replacement of Supervisory Board 
members has not been substantiated. 
The Annual General Meeting also granted formal approval to the Supervisory Board and the Management Board for the 2020 
financial year, with majorities of approximately 68 to 89 per cent. The dividend proposal of EUR 0.40 per share for 2020 
was resolved with approx. 99 per cent of votes cast. As already communicated, Aareal Bank intends to distribute a total 
dividend of EUR 1.50 per share for the 2020 financial year, in two steps. Depending on further economic developments, 
regulatory requirements, the Bank's capital position and its risk situation, an Extraordinary General Meeting in the 
fourth quarter of 2021 could decide on the intended remaining payout of EUR 1.10 per share. 
However, the required majority vote was not reached for the remuneration system for the Management Board, with approx. 
37 per cent of votes in favour. 
Marija Korsch, Chairman of the Supervisory Board, commented on the results: "We are delighted with the support from a 
clear majority of our investors for the current composition of the Supervisory Board. We see this as encouragement to 
continue pursuing our chosen path of profitable growth in all of Aareal Bank Group's three segments. At the same time, 
we take the rejection of the remuneration system - which we proposed having sounded out investors' views - as a clear 
call to rework: in accordance with the rules and regulations, we will submit an adjusted proposal to be voted on by 
shareholders, at the next ordinary Annual General Meeting in 2022 at the latest." 
Ms Korsch added: "The Supervisory Board and Management Board of Aareal Bank assign great importance to a trusting 
dialogue with our shareholders. We consider it our ongoing duty to take up constructive input for the further 
improvement in our work from among our shareholders, to reflect upon this carefully and to incorporate it into our 
decisions in an appropriate manner." 
Contacts 
Christian Feldbrügge 
Phone: [phone] 
[e-mail] 
Anja Käfer-Rohrbach 
Phone: [phone] 
[e-mail] 
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 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. Its subsidiary Aareon, the leading supplier of ERP software and digital 
solutions for the European property sector and their partners, represents 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. 
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2021-05-18 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 
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Language:     English 
Company:      Aareal Bank AG 
              Paulinenstr. 15 
              65189 Wiesbaden 
              Germany 
Phone:        [phone] - 0 
Fax:          [phone] - 2332 
E-mail:       [e-mail] 
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:  1197966 
 
End of News   DGAP News Service 
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1197966 2021-05-18

 
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(END) Dow Jones Newswires

May 18, 2021 10:08 ET (14:08 GMT)