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TTL BETEILIGUNGS- UND GRUNDBESITZ-AG

(TTO)
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TTL Beteiligungs- und Grundbesitz-AG: Annual General Meeting of TTL Beteiligungs- und Grundbesitz-AG approves dividend of EUR 0.20 per share

03/26/2021 | 06:24am EST

DGAP-News: TTL Beteiligungs- und Grundbesitz-AG / Key word(s): AGM/EGM
TTL Beteiligungs- und Grundbesitz-AG: Annual General Meeting of TTL Beteiligungs- und Grundbesitz-AG approves dividend of EUR 0.20 per share

26.03.2021 / 12:21
The issuer is solely responsible for the content of this announcement.


Munich, 26.03.2021

Annual General Meeting of TTL Beteiligungs- und Grundbesitz-AG approves dividend of EUR 0.20 per share

  • High dividend yield of 7.6 percent
  • All proposed resolutions approved with at least 99.9 percent

At the virtual general meeting on 26 March 2021, the shareholders of TTL Beteiligungs- und Grundbesitz-AG ("TTL AG", "TTL") (ISIN DE0007501009) resolved to distribute a dividend of EUR 0.20 per share for the 2020 financial year. This corresponds to a dividend yield of 7.6 percent based on the year-end closing price of the TTL share on 30 December 2020.

"We are continuing our sustainable dividend policy with the dividend distribution for the 2020 financial year resolved today," says Theo Reichert, CEO of TTL AG. As the dividend payment will be made from TTL AG's capital contributions account for tax purposes (steuerliches Einlagekonto according to KStG - German Corporate Income Tax Act) it is not subject to any deduction of capital gains tax.

The Annual General Meeting of TTL AG was held virtually, i.e. without the physical presence of shareholders or their proxies, due to the ongoing restrictions related to the COVID-19 pandemic.

With a presence of more than 77 percent of the share capital, the shareholders approved the ratification of the Board of Directors and the Supervisory Board as well as all other proposed resolutions at the virtual Annual General Meeting with at least 99.9 percent.

All relevant documents for the Annual General Meeting 2021 of TTL Beteiligungs- und Grundbesitz-AG can be viewed on the company's website https://www.ttl-ag.de/en/investor-relations/shareholders-meeting.html.

About TTL

TTL Beteiligungs- und Grundbesitz-AG (ISIN DE0007501009/Stock exchange symbol TTO) is a listed holding company focusing on the German real estate market. As a holding company, its aim is to enter into profitable investments, to accompany and develop them in order to participate in their value enhancement and to sustainably increase the earning power of TTL AG in the interest of its shareholders. TTL invests in both privately held and listed real estate companies with high dividends. In addition, TTL also participates in real estate projects and properties via platforms, whereby TTL Group provides mezzanine financing for these investments in addition to equity.

The Munich-based company is via TTL Real Estate GmbH invested in listed high-dividend real estate companies, primarily DIC Asset AG. At the same time, the company engages itself in real estate project developments, value-add properties and portfolios and plans to invest in further real estate portfolios in the future. Since the end of 2020, TTL AG holds a 30 % stake in the asset management boutique Montano Asset Management GmbH, which is also based in Munich.

TTL Media and Investor Relations contact

Annette Kohler-Kruse
Instinctif Partners
Tel. +49 89 3090 5189-23
ir@ttl-ag.de
presse@ttl-ag.de



26.03.2021 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: TTL Beteiligungs- und Grundbesitz-AG
Theresienhöhe 28
80339 München
Germany
Phone: +49 (0)89 381611-0
Fax: +49 (0)89 3915-92
E-mail: ir@ttl-ag.de
Internet: www.ttl-ag.de
ISIN: DE0007501009
WKN: 750100
Listed: Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1178926

 
End of News DGAP News Service

1178926  26.03.2021 

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Financials
Sales 2020 3,19 M 3,56 M 3,56 M
Net income 2020 2,63 M 2,93 M 2,93 M
Net Debt 2020 75,4 M 84,1 M 84,1 M
P/E ratio 2020 21,0x
Yield 2020 7,63%
Capitalization 71,3 M 79,6 M 79,5 M
EV / Sales 2019 98,7x
EV / Sales 2020 40,9x
Nbr of Employees -
Free-Float -
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Managers and Directors
Theo Reichert Chairman-Management Board
Thomas Grimm Chief Financial Officer
Gerhard Schmidt Chairman-Supervisory Board
Klaus Kirchberger Vice Chairman-Supervisory Board
Daniel SchŘtze Member-Supervisory Board