DGAP-News: TTL Beteiligungs- und Grundbesitz-AG: Annual General Meeting of TTL Beteiligungs- und Grundbesitz-AG approves a dividend of Euro 0.20 per share

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On 10 June 2020, the Annual General Meeting of TTL Beteiligungs- und Grundbesitz-AG ("TTL AG", "TTL") (ISIN DE0007501009) resolved to distribute a dividend of Euro 0.20 per share for the 2019 financial year.

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Wednesday, June 10, 2020
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TTL
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Key Points: 
  • On 10 June 2020, the Annual General Meeting of TTL Beteiligungs- und Grundbesitz-AG ("TTL AG", "TTL") (ISIN DE0007501009) resolved to distribute a dividend of Euro 0.20 per share for the 2019 financial year.
  • In relation to the annual closing price of the TTL share on December 30, 2019, this corresponds to a dividend yield of 5.6 percent.
  • Due to the continuing restrictions in connection with the COVID-19 pandemic, the Ordinary General Meeting of TTL AG was held virtually, i.e.
  • TTL Beteiligungs- und Grundbesitz-AG (ISIN DE0007501009/Stock exchange symbol TTO) is a listed holding company focusing on the German real estate market.



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 a dividend of Euro 0.20 per share

10.06.2020 / 12:02

The issuer is solely responsible for the content of this announcement.

Munich, 10.06.2020

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

  • Ordinary dividend increases to Euro 0.20
  • High dividend yield of 5.6 percent
  • All proposed resolutions adopted with more than 99 percent

On 10 June 2020, the Annual General Meeting of TTL Beteiligungs- und Grundbesitz-AG ("TTL AG", "TTL") (ISIN DE0007501009) resolved to distribute a dividend of Euro 0.20 per share for the 2019 financial year. In relation to the annual closing price of the TTL share on December 30, 2019, this corresponds to a dividend yield of 5.6 percent. In addition, the actions of the Executive Board and Supervisory Board were ratified for fiscal year 2019 with a large majority of votes in favor.

The holding company, which focuses on the commercial real estate market, is thus distributing an ordinary dividend that is 66 percent higher than in the previous year (Euro 0.12 per share) and allows its shareholders to participate in the results of the successful past fiscal year.

"With the higher dividend, we are allowing our shareholders to participate in the success of the past year and the strategic realignment of our business model. In 2019, we have set an important course that will contribute significantly to the successful further development of TTL AG," says Theo Reichert, CEO of TTL AG. "Investors will continue to profit from this in the future.

Due to the continuing restrictions in connection with the COVID-19 pandemic, the Ordinary General Meeting of TTL AG was held virtually, i.e. without the physical presence of shareholders or their proxies.

With more than 78 percent of the share capital present, the shareholders voted at the virtual Annual General Meeting with more than 99 percent in favour of all the proposed resolutions.

All relevant documents for the 2020 Annual General Meeting 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 holds through DIC Capital Partners (Europe) GmbH an interest in the Deutsche Immobilien Chancen Group and invests, via TTL Real Estate GmbH in listed, high-dividend real estate companies. At the same time, the company engages itself in real estate project developments, value-add properties and portfolios via the StoneCap Partners investment platform and plans to invest in further real estate portfolios in the future.

 

Media and Investor Relations contact

Annette Kohler-Kruse

Instinctif Partners

Tel. +49 89 3090 5189-23
[email protected]
[email protected]



10.06.2020 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: TTL Beteiligungs- und Grundbesitz-AG
Theresienhöhe 28
80339 München
Germany
Phone: +49 (0)89 381611-0
Fax: +49 (0)89 3915-92
E-mail: [email protected]
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: 1067071



 
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1067071  10.06.2020 

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