LEG Immobilien

EQS-News: TAG Immobilien AG: New members on the Supervisory Board of TAG; Claudia Hoyer and Martin Thiel to lead the company as Co-CEOs in future  

Retrieved on: 
Tuesday, October 17, 2023
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TAG Immobilien AG: New members on the Supervisory Board of TAG; Claudia Hoyer and Martin Thiel to lead the company as Co-CEOs in future

Key Points: 
  • TAG Immobilien AG: New members on the Supervisory Board of TAG; Claudia Hoyer and Martin Thiel to lead the company as Co-CEOs in future
    The issuer is solely responsible for the content of this announcement.
  • New members on the Supervisory Board of TAG Immobilien AG; Claudia Hoyer and Martin Thiel to lead the company as Co-CEOs in future
    Beate Schulz and Björn Eifler newly elected as employee representatives; women's quota on Supervisory Board thus remains at 33%
    Claudia Hoyer and Martin Thiel appointed Co-CEOs; Management Board employment contract with Martin Thiel extended by another five years
    By court order dated 9 October 2023, Eckhard Schultz was appointed as a new member of the Supervisory Board of TAG Immobilien AG (TAG).
  • It is planned that Eckhard Schultz will chair the Audit Committee within the TAG Supervisory Board in the future.
  • Against this background, the two Management Board members were appointed Co-CEOs by the Supervisory Board and the Management Board employment contract with Martin Thiel was extended by a further five years until 31 March 2029.

EQS-News: Zalando SE: Kelly Bennett nominated as Zalando SE Supervisory Board Chairperson, Susanne Schröter-Crossan proposed as new member

Retrieved on: 
Saturday, April 15, 2023
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Zalando SE: Kelly Bennett nominated as Zalando SE Supervisory Board Chairperson, Susanne Schröter-Crossan proposed as new member

Key Points: 
  • Zalando SE: Kelly Bennett nominated as Zalando SE Supervisory Board Chairperson, Susanne Schröter-Crossan proposed as new member
    The issuer is solely responsible for the content of this announcement.
  • The Supervisory Board Nomination Committee is proposing a new composition of the Supervisory Board that will ensure continuity, fresh insights and provide a logical succession for the  Chairperson role.
  • We are also excited to welcome Susanne with the robust financial expertise she brings to her Supervisory Board engagement,” said Robert Gentz, Founder and co-CEO of Zalando.
  • “It’s been a true privilege to work with my fellow Supervisory Board members as well the Co-CEOs and broader Management Board.

EQS-News: Adler Group S.A.: Option period for tender commitment of shares in Brack Capital Properties N.V. expired

Retrieved on: 
Monday, October 3, 2022
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Adler Group S.A.: Option period for tender commitment of shares in Brack Capital Properties N.V. expired

Key Points: 
  • Adler Group S.A.: Option period for tender commitment of shares in Brack Capital Properties N.V. expired
    The issuer is solely responsible for the content of this announcement.
  • Option period for tender commitment of shares in Brack Capital Properties N.V. expired
    Luxembourg, 3 October 2022 Adler Group S.A. (Adler Group) announces that, as expected, the option period for the irrevocable tender commitment for 63% of the shares in Brack Capital Properties N.V. (BCP) granted to LEG Immobilien SE (LEG) has expired last Friday, 30 September 2022, without a public tender offer.
  • Already on 3 August 2022, LEG had publicly declared its decision to refrain from a public tender offer for the shares of BCP and thus not to make use of the tender commitment concluded with Adler Groups subsidiary Adler Real Estate AG (ADLER) in December 2021.
  • The Executive Board of ADLER continues to evaluate all options for the valuable investment in BCP, taking into account the interests of all stakeholders.

DGAP-News: Deutsche EuroShop: Supervisory Board appoints Hans-Peter Kneip to the Executive Board

Retrieved on: 
Thursday, September 15, 2022
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Hamburg, 14 September 2022 - The Supervisory Board of Deutsche EuroShop AG (DES) has appointed Hans-Peter Kneip as a full member of the Executive Board with effect from 1 October 2022.

Key Points: 
  • Hamburg, 14 September 2022 - The Supervisory Board of Deutsche EuroShop AG (DES) has appointed Hans-Peter Kneip as a full member of the Executive Board with effect from 1 October 2022.
  • Mr Kneip (43) will assume the role of Chief Financial Officer (CFO) and initially act as sole member of the Executive Board.
  • With the appointment of Mr Kneip, the Supervisory Board of Deutsche EuroShop ensures the management continuity of the Company and at the same time initiates the further transformation of the company.
  • Reiner Strecker comments: "The Supervisory Board is pleased to have won Hans-Peter Kneip, a savvy and experienced finance and real estate expert, as the new CEO of Deutsche EuroShop.

DGAP-News: LEG Immobilien SE: 38% of LEG shareholders choose scrip dividend

Retrieved on: 
Tuesday, June 14, 2022
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As in the previous two years LEG Immobilien SE once again offered its shareholders a scrip dividend this year.

Key Points: 
  • As in the previous two years LEG Immobilien SE once again offered its shareholders a scrip dividend this year.
  • During the subscription period from 20 May 2022 to 07 June 2022, the shareholders were able to choose between the distribution of their dividend in cash or in the form of new shares.
  • In total, investors holding approximately 38.2% of the shares carrying dividend rights have decided to receive their dividend in the form of new shares.
  • Through the highest acceptance rate since the offering of the scrip dividend, the shareholders confirm LEG's strategic focus and underline their long-term confidence in the company's further development.

DGAP-News: LEG Immobilien SE: Adjustment of the Conversion Price for the convertible bond of LEG Immobilien SE in the amount of EUR 550 million due on June 30, 2028 (ISIN DE000A289T23)

Retrieved on: 
Tuesday, June 7, 2022
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LEG Immobilien SE: Adjustment of the Conversion Price for the convertible bond of LEG Immobilien SE in the amount of EUR 550 million due on June 30, 2028 (ISIN DE000A289T23)

Key Points: 
  • LEG Immobilien SE: Adjustment of the Conversion Price for the convertible bond of LEG Immobilien SE in the amount of EUR 550 million due on June 30, 2028 (ISIN DE000A289T23)
    The issuer is solely responsible for the content of this announcement.
  • Adjustment of the Conversion Price for the convertible bond of LEG Immobilien SE in the amount of EUR 550 million due on June 30, 2028 (ISIN DE000A289T23)
    The Conversion Price for the Bond has been adjusted as a result of dividend payments for financial year 2021 in accordance with 10 of the Terms and Conditions of the Bond, effective 07 June 2022.
  • The Conversion Price is now EUR 153.6154 (previously: EUR 154.6620).
  • The Reference Dividend has been adjusted to EUR 3.5620 (previously: EUR 3.5863).

DGAP-News: Adjustment of the Conversion Price for the convertible bond of LEG Immobilien SE in the amount of EUR 400 million due on September 1, 2025 (ISIN DE000A2GSDH2)

Retrieved on: 
Tuesday, June 7, 2022
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Adjustment of the Conversion Price for the convertible bond of LEG Immobilien SE in the amount of EUR 400 million due on September 1, 2025 (ISIN DE000A2GSDH2)

Key Points: 
  • Adjustment of the Conversion Price for the convertible bond of LEG Immobilien SE in the amount of EUR 400 million due on September 1, 2025 (ISIN DE000A2GSDH2)
    The issuer is solely responsible for the content of this announcement.
  • Adjustment of the Conversion Price for the convertible bond of LEG Immobilien SE in the amount of EUR 400 million due on September 1, 2025 (ISIN DE000A2GSDH2)
    The Conversion Price for the Bond has been adjusted as a result of dividend payments for financial year 2021 in accordance with 10 of the Terms and Conditions of the Bond, effective 02 June 2022.
  • The Conversion Price is now EUR 113.2516 (previously: EUR 115.2511).
  • The Reference Dividend has been adjusted to EUR 2.63 (previously: EUR 2.68).

DGAP-News: Adler Group S.A. signs contract over portfolio sale to KKR/Velero and will reach LTV target of below 50%

Retrieved on: 
Thursday, January 13, 2022
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Adler Group expects net cash proceeds from the transaction of around 600m.

Key Points: 
  • Adler Group expects net cash proceeds from the transaction of around 600m.
  • With this cash inflow, Adler Group will further deliver on its objective of deleveraging its balance sheet and achieve its strategic goal of reducing the loan-to-value ratio (LTV) to below 50%.
  • The signed agreement corresponds to the terms of the letter of intent concluded between Adler Group and KKR/Velero at the end of October 2021.
  • Thus, the sale above book value provides further evidence of the intrinsic value of the Adler Group portfolio.

DGAP-News: Adler Group S.A.: achieves transformational milestone

Retrieved on: 
Wednesday, December 1, 2021
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Adler Group S.A. achieves transformational milestone with the signing of a portfolio disposal of c.15,500 units generating net cash proceeds of EUR 800m, alongside the sale of 7% stake in BCP to LEG, while granting LEG an irrevocable tender commitment for all its remaining BCP shares until 30 September 2022 totalling EUR 850m

Key Points: 
  • Adler Group S.A. achieves transformational milestone with the signing of a portfolio disposal of c.15,500 units generating net cash proceeds of EUR 800m, alongside the sale of 7% stake in BCP to LEG, while granting LEG an irrevocable tender commitment for all its remaining BCP shares until 30 September 2022 totalling EUR 850m
    Berlin, 1 December 2021 - Adler Group S.A. ("Adler Group") today announced the signing of two transactions with LEG Immobilien SE and its subsidiaries ("LEG")
    Today, Adler Group S.A. ("Adler Group") signed an SPA with a subsidiary of LEG IMMOBILIEN SE ("LEG") for the sale of 15,362 residential and 185 commercial units.
  • The sale at a level above book value clearly evidences the balance sheet values of Adler Group's portfolio.
  • In this context, Adler Group signed another term sheet on 26 October 2021 to sell 14,300 units with a leading alternative investment firm to further reduce leverage.
  • Adler Group expects to sign this transaction by the end of the year.

DGAP-News: ADLER Group S.A. to deliver on accelerated deleveraging with asset disposals at premium to book value

Retrieved on: 
Monday, October 11, 2021
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- Ca.

Key Points: 
  • - Ca.
  • 15,500 units to be sold to LEG at a value of ca.
  • 1.5bn
    Berlin, 11 October 2021 - ADLER Group S.A. ("ADLER") accelerates deleveraging and focusses its portfolio on stronger cities by signing a term sheet with LEG Immobilien SE in order to sell ca 15,500 units.
  • The transaction valuation of ca 1.5bn is at a premium to the respective book value appraised by CBRE as of end of June 2021.