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

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    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




    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.

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    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                                                      

    Wertpapier: GSG GROUP

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    DGAP-News 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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