DGAP-News: Deutsche EuroShop amends proposal to create new authorised capital at the forthcoming Annual General Meeting
(firmenpresse) - Deutsche EuroShop AG / AGM/EGM
15.06.2010 17:20
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Deutsche EuroShop amends proposal to create new authorised capital at the
forthcoming Annual General Meeting
Hamburg, 15 June 2010 - The Annual General Meeting of the shopping center
investor Deutsche EuroShop is being held in Hamburg on 17 June 2010. Since
the invitation and agenda were published, the company's discussions with
investors have indicated that the theoretically possible dilution linked to
the resolution regarding the proposal to create 2010 authorised capital
(agenda item 6 b) and c)) is excessive.
The Executive Board and Supervisory Board of Deutsche EuroShop AG regard
the creation of new authorised capital of up to 50% of the share capital as
an important prerequisite for maintaining the successful, growth-oriented
investment strategy. With a view to protecting shareholders, however, the
management does acknowledge the warnings about the possibility of dilution
if capital is increased against non-cash contributions. For this reason, an
amended proposal to create new authorised capital will be put forward at
the forthcoming Annual General Meeting. The amended proposal (agenda item 6
b) and c)) would limit the exclusion of subscription rights for capital
increases to 20% of the existing share capital both at the time that the
authorisation becomes effective and the time that the authorisation is
exercised.
Shareholders are advised that the notification concerning the original
proposal under agenda item 6 that has already been published in the German
electronic Federal Official Gazette is therefore rendered invalid for legal
reasons. Should any shareholders wish to issue a new notification
concerning the amended proposal, the full wording of which can be viewed on
the company's website at http://www.deutsche-euroshop.com/AGM, this must be
done in accordance with the procedures laid down in the conditions of
participation by no later than midnight on 16 June 2010.
Deutsche EuroShop - The Shopping Center Company
Deutsche EuroShop is Germany's only public company, that invests solely in
shopping centers in prime locations. The MDAX-listed Company currently has
equity interests in 17 European shopping centers in Germany, Austria,
Hungary and Poland.
15.06.2010 17:20 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv atwww.dgap-medientreff.deandwww.dgap.de---------------------------------------------------------------------------
Language: English
Company: Deutsche EuroShop AG
Oderfelder Straße 23
20149 Hamburg
Deutschland
Phone: +49 (0)40 413 579-0
Fax: +49 (0)40 413 579-29
E-mail: ir(at)deutsche-euroshop.de
Internet: www.deutsche-euroshop.de
ISIN: DE0007480204
WKN: 748020
Indices: MDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, München, Hannover, Düsseldorf, Hamburg, Stuttgart
End of News DGAP News-Service
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Datum: 15.06.2010 - 17:20 Uhr
Sprache: Deutsch
News-ID 22472
Anzahl Zeichen: 0
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Kategorie:
Business News
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