CORESTATE Capital Holding S.A.: succesful Annual General Meeting, distribution of EUR 2.00 per share approved
Press release: CORESTATE Capital Holding S.A.: succesful Annual General Meeting, distribution of EUR 2.00 per share approved
All agenda items approved with strong majorities
Distribution per share doubled to EUR 2.00
FY 2018 guidance confirmed
The shareholders of CORESTATE Capital Holding S.A. (CORESTATE), a fully integrated investment manager and co-investor based in Luxembourg, have approved all agenda items with strong majorities at today’s Annual General Meeting (AGM). Details on the votes can be found on the company website.
Amongst the resolutions of the AGM was the distribution of EUR 2.00 per share (previous year: EUR 1.00). The total distribution volume corresponds to EUR 42,588,246. Referred to the adjusted net profit for the financial year 2017, the distribution ratio amounts to around 46%.
CORESTATE’s full-year 2018 guidance was also confirmed at the AGM. The company expects aggregated revenues of between EUR 230m and EUR 240m, an adjusted EBITDA of between EUR 155m and EUR 165m and an adjusted net income of between EUR 120m and EUR 130m.
Dr. Kai Gregor Klinger
T: +49 69 3535630-107 / M: +49 152 22755400
T: +49 69 264867715 / M: +49 176 10430063
About CORESTATE Capital Holding S.A.
CORESTATE Capital Holding S.A. (CORESTATE) is an investment manager and co-investor with approximately € 22bn in assets under management. As a fully integrated real estate platform, CORESTATE offers its clients combined expertise in the areas of investment and fund management as well as real estate management services. The company operates as a respected business partner of institutional clients and wealthy private investors internationally. CORESTATE is headquartered in Luxembourg and has 41 offices including in Frankfurt, London, Madrid, Singapore and Zurich. The company employs over 560 people and is listed in the regulated market (SDAX) of the Frankfurt Stock Exchange.
Further information is available at www.corestate-capital.com.
This press release may contain forward-looking statements based on current assumptions and forecasts made by our management. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of our company and the estimates given here. These factors include those discussed in our public reports, which are available on our website at [ir.corestate-capital.com]. The company assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof.