Peach Property Group AG: Annual General Meeting approves all proposals
Zurich, 11 May 2017 - The shareholders of Peach Property Group AG, an investor specialising in the management of residential property in Germany, approved all proposals submitted by the Board of Directors with clear majorities at the today's Annual General Meeting in Zurich. Overall, 30 percent of the Company's voting capital was represented at the meeting.
Among others, the General Meeting has resolved an increase of conditional capital from CHF 115,893 to CHF 2,250,000. Furthermore, Reto A. Garzetti was re-elected as President of the Board of Directors. The other two members of the Board, Peter E. Bodmer and Dr. Christian De Prati, were re-elected as well for another year term of office.
The shareholders further approved a resolution not to pay a dividend. The funds shall be invested in the Group's further growth in its core business of residential property in Germany.
More detailed information on the resolutions adopted by the Annual General Meeting of Peach Property Group AG is available on the Company's website at www.peachproperty.com.
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Dr. Thomas Wolfensberger, Chief Executive Officer and Dr. Marcel Kucher, Chief Financial Officer
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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 and Dr. Christian De Prati.
For more information, see www.peachproperty.com