Peach Property Group AG shareholders approve all motions

  • Dividend of CHF 0.30 for distribution from capital reserves
  •  Remuneration report accepted
  •  Dr. Corinne Wohlfahrt elected to Board of Directors

Zurich, 11 May 2012 – The annual general meeting (AGM) of Peach Property Group AG was held in Zurich today in the presence of 27 shareholders representing 61 per cent of the issued shares.

The shareholders approved, with clear majorities, all motions proposed by the Board of Directors. These included approval of the annual report and annual and consolidated financial statements 2011 of Peach Property Group AG, as well of the dividend application of CHF 0.30 for the financial year 2011. This will be distributed in the form of a repayment from capital reserves, and is thus not subject to deduction of withholding tax. The dividend yield of 2.7 per cent at year-end is in line with the company’s policy of paying shareholders a regular dividend that is above long-term money market rates. The shareholders also approved the remuneration report, on which a consultative ballot took place.

Furthermore, the AGM elected Dr. Corinne Wohlfahrt as a new member of the Board of Directors of Peach Property Group AG. Dr. Corinne Wohlfahrt (Swiss, born 1966) has been self-employed in the Private Equity domain for some ten years. She brings in-depth knowledge of the German market and, as M&A specialist, has advised Peach Property Group in important transactions. Dr. Christian Wenger, Peter Bodmer, Dr. Christian De Prati and Dr. Thomas Wolfensberger were re-elected for further one-year terms of office. The services of auditors PricewaterhouseCoopers AG were also confirmed for a further year.

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Contacts

Investors and analysts:

Dr. Thomas Wolfensberger, Chief Executive Officer
Bruno Birrer, Chief Operating Officer
+41 44 485 50 00
investors@peachproperty.com

Media:

Siro Barino, Barino Consulting
+41 79 335 24 24
info@barino.ch

About Peach Property Group

Peach Property Group AG is a leading developer in the field of top-quality residential property in the German-speaking region of Europe. Its activities cover the entire prime property development value chain, from site evaluation to project planning, implementation and marketing. Properties developed by Peach Property Group AG are located on exceptional sites in or near city centres and holiday resorts. Premier amenities meet the requirements of a demanding clientele. The company’s integrated corporate strategy includes not only the development of high-quality residential properties, but also the management of investment properties for the purpose of generating consistent annual revenues.

Peach Property Group AG is headquartered in Zurich and also has a branch office in Cologne. The Group’s current projects account for a total target marketing volume of approximately CHF 800 million. Peach Property Group AG is listed on SIX Swiss Exchange (PEAN, ISIN CH0118530366).

Visit www.peachproperty.com for more information.