Annual General Meeting approves all proposals with a clear majority
The shareholders of Peach Property Group AG, an investor specialising in holding investment properties and focusing on residential real estate, today accepted all of the proposals made by the Supervisory Board at today’s general meeting in Zurich with a clear majority. Around 39 percent of share capital was represented at the meeting.
Among other topics, the General Meeting confirmed the Chairman of the Supervisory Board Reto Garzetti and the board members Peter Bodmer, Dr. Christian De Prati and Kurt Hardt for a further year in office. In line with the proposal, it was also decided not to pay a dividend for the 2018 financial year, as the funds are to be used primarily for the further expansion and optimisation of the real estate portfolio. Finally, shareholders approved a general revision of the Articles of Association. The new Articles of Association will be available on the Peach Property Group website once they have been published in the commercial register.
The minutes of this year’s General Meeting will also be available there shortly.
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About Peach Property Group AG
Peach Property Group is a property investor and developer focused on investments in Germany and Switzerland. The Group stands for long time experience, competence and quality. Innovative solutions for modern housing needs, strong partnerships and a wide value chain complete the profile of the Group. The portfolio consists of an increasing number of high yield investment properties, typically in B-cities in close reach to metropolitan areas. In addition, the Group develops properties for its own portfolio or for the sale as condominium. Developments for sale focus on A-locations and encompass attractive architecture and high level furnishing for an international clientele. The business activities of the Group cover the entire value chain, from property acquisition and site selection to active asset management and finally to the sale or lease of properties.
Peach Property Group AG is headquartered in Zurich and has its German Group headquarters in Cologne. Peach Property Group AG is listed on the SIX Swiss Exchange (PEAN, ISIN CH0118530366). Its Board of Directors consists of Reto Garzetti (President), Peter Bodmer, Dr. Christian De Prati and Kurt Hardt.
For more information, see http://peachproperty.com