DGAP-News ORCO Germany S.A.: Extraordinary General Meeting of shareholders held on 26 April 2012 (deutsch)

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    ORCO Germany S.A.: Extraordinary General Meeting of shareholders held on 26 April 2012

    DGAP-News: ORCO Germany S.A. / Key word(s): AGM/EGM

    ORCO Germany S.A.: Extraordinary General Meeting of shareholders held

    on 26 April 2012

    27.04.2012 / 18:16

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    ORCO Germany S.A. - Extraordinary General Meeting of shareholders held on

    26 April 2012

    27 April 2012 - The extraordinary general meeting of shareholders of Orco

    Germany S.A. (the 'Company') was held at the registered offices of the

    Company in Luxembourg on 26 April 2012 (the 'General Meeting'), with

    approximately 88% of the voting rights present or represented.

    The shareholders resolved on several items related to the planned

    restructuring of up to 148,077 bonds issued by the Company on 24 May 2007,

    registered under ISIN code XS0302623953 (the 'OG Bonds').

    The shareholders resolved to decrease the share capital of the Company from

    its previous amount of EUR 60,964,166.25 to EUR 4,877,133.30 without

    cancellation of shares, by decreasing the accounting par value of the

    existing shares from EUR 1.25 to EUR 0.10 per share with allocation of the

    reduction proceeds to a reserve.

    The shareholders also approved in principle an increase of the share

    capital from EUR 4,877,133.30 by up to EUR 18,136,104.90 through the

    issuance of up to 181,361,049 new shares of the Company at an issue price

    of EUR 0.712 per share against the contribution in kind to the Company of

    OG Bonds. Said approval in principle is subject to the implementation of

    the substitution of approximately 85% of the OG Bonds into convertible

    bonds (obligations convertibles en actions) to be issued by Orco Property

    Group S.A. ('OPG') as a result of which OPG would have received OG Bonds

    which will be contributed to the Company in relation to the capital

    increase and the implementation of such capital increase was delegated to

    the decision of the board of directors within the framework of the

    Company's authorized capital.

    The shareholders also resolved to set the existing authorised share capital

    to an amount of EUR 100,000,000 for a period of 5 years from the date of

    the General Meeting.

    Finally, the shareholders approved several technical resolutions to amend

    the articles of associations of the Company in order to reflect the above

    resolutions and to conform the articles with changes in Luxembourg law. A

    consolidated version of the Company's amended articles of association will

    soon be available on the Company's website: www.orcogermany.de.

    For more information, please contact us at generalmeetings@orcogermany.de

    End of Corporate News

    ---------------------------------------------------------------------

    27.04.2012 Dissemination of a Corporate News, transmitted by DGAP - a

    company of EquityStory AG.

    The issuer is solely responsible for the content of this announcement.

    DGAP's Distribution Services include Regulatory Announcements,

    Financial/Corporate News and Press Releases.

    Media archive at www.dgap-medientreff.de and www.dgap.de

    ---------------------------------------------------------------------

    Language: English

    Company: ORCO Germany S.A.

    42, rue de la Vallée

    L-2661 Luxembourg

    Grand Duchy of Luxembourg

    Phone: +49 (0)30 390 93 116

    Fax: +49 (0)30 390 93 199

    E-mail: patricia.jaenisch@orco-gsg.de

    Internet: www.orcogermany.de

    ISIN: LU0251710041

    WKN: A0JL4D

    Listed: Regulierter Markt in Frankfurt (Prime Standard);

    Freiverkehr in Düsseldorf, Stuttgart

    End of News DGAP News-Service

    ---------------------------------------------------------------------

    167254 27.04.2012

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    DGAP-News ORCO Germany S.A.: Extraordinary General Meeting of shareholders held on 26 April 2012 (deutsch)

    ORCO Germany S.A.: Extraordinary General Meeting of shareholders held on 26 April 2012

    DGAP-News: ORCO Germany S.A. / Key word(s): AGM/EGM

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