CONSUS Real Estate AG: Annual General Meeting approved all resolutions by a substantial majority – shares issued to the new additional anchor investor, Christoph Gröner, in connection with CONSUS’ stake increase in CG Gruppe, now registered
CONSUS REAL ESTATE AG: Annual General Meeting approved all resolutions by a substantial majority – shares issued to the new additional anchor investor, Christoph Gröner, in connection with CONSUS’ stake increase in CG Gruppe, now registered
Berlin, 27 August 2018 – CONSUS Real Estate AG’s (“CONSUS”, ISIN DE000A2DA414) annual general meeting, held on 23 August 2018, approved all resolutions on the agenda by a substantial majority and thereby paved the way for further growth of CONSUS. Detailed voting results are available on the homepage (https://www.consus.ag/EN/investors/general-meeting).
Furthermore, CONSUS announces the completion of a major step towards the increase of its stake in CG Gruppe to 75.0 percent on a fully diluted basis, with the issuance to Christoph Gröner of 8,333,334 shares in CONSUS at a valuation of 12.0 EUR/share. With the registration in the commercial register of the new no-par value ordinary bearer shares in CONSUS, the registered share capital of CONSUS increases to EUR 106,490,577 (+ 8.5 percent). The issued shares to Christoph Gröner are subject to a 3-year lock up period, thus demonstrating his strong long-term commitment to CONSUS by fully aligning his interests with all major CONSUS’ shareholders.
The supervisory and management board welcome Mr. Christoph Gröner as an additional long term anchor investor and as key executive of the Extended Executive Committee of CONSUS. In addition, Jürgen Kutz (Deputy CEO and COO/CIO of CG Gruppe) will join the Extended Executive Committee, hence completing the integration of CG Gruppe in CONSUS.
With Christoph Gröner’s share of 7.8 percent of the registered share capital, both the founder of CG Gruppe as well as Andreas Steyer, CEO of CONSUS, have acquired a significant stake in CONSUS over the last weeks.
Consus Real Estate AG
Corporate Finance & Investor Relations
About Consus Real Estate AG
Consus Real Estate AG (“CONSUS”), based in Berlin, Germany, is a leading developer of residential real estate properties in the country’s Top 9 cities. With a gross development value of EUR 5.3bn CONSUS focuses on the construction of standardised apartment blocks. CONSUS acts along the entire development value chain with institutional forward sales, digitalization of construction processes and industrial mass production. The shares of CONSUS are listed in the Scale Segment of Deutsche Börse AG and in the m:access segment of the open market (Freiverkehr) of the Munich Stock Exchange (Börse München), and are traded via XETRA in Frankfurt.