07.03.2014
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DGAP-Adhoc: GSW Immobilien AG: Consensus reached regarding conclusion of a Domination Agreement between Deutsche Wohnen AG and GSW Immobilien AG
GSW Immobilien AG / Key word(s): Contract
07.03.2014 18:06
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Consensus reached regarding conclusion of a Domination Agreement between
Deutsche Wohnen AG and GSW Immobilien AG
Berlin, 7 March 2014 - Today, the management boards of Deutsche Wohnen AG
and of GSW Immobilien AG agreed, with the approval of the respective
supervisory board, to prepare a domination agreement between Deutsche
Wohnen AG, as the controlling entity, and GSW Immobilien AG, as the
controlled entity, and to conclude such agreement. Deutsche Wohnen AG will
offer the minority shareholders of GSW Immobilien AG to acquire their
shares in exchange for newly issued shares of Deutsche Wohnen AG, and the
minority shareholders will be offered a compensation payment for the
duration of the agreement. The companies will determine the final structure
of the provisions regarding the consideration in shares and the annual
compensation payment under the agreement on the basis of a company
valuation and in accordance with legal requirements.
GSW Immobilien AG expects that the decision to conclude the domination
agreement will be voted on at the ordinary shareholders' meetings of
Deutsche Wohnen AG and GSW Immobilien AG in June 2014.
This information contains forward-looking statements that are based upon
current views and assumptions of the GSW Immobilien AG management, which
were made to its best knowledge. Forward-looking statements are subject to
known and unknown risks, uncertainties and other factors. In consideration
of these risks, uncertainties and other factors, persons receiving these
documents are advised not to unreasonably rely on these forward-looking
statements. GSW Immobilien AG does not assume any obligation to update such
forward-looking statements and to adjust them to any future results and
developments.
07.03.2014 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: GSW Immobilien AG
Charlottenstraße 4
10969 Berlin
Germany
Phone: 030 68 99 99 0
Fax: 030 68 99 99 999
E-mail: [email protected]
Internet: www.gsw.de
ISIN: DE000GSW1111
WKN: GSW111
Listed: Regulierter Markt in Berlin, Frankfurt (Prime Standard);
Freiverkehr in Düsseldorf, Hamburg, Hannover, München,
Stuttgart
End of Announcement DGAP News-Service
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