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CPI PROPERTY GROUP (formerly named GSG GROUP): Shareholders Meeting held on 28 August 2014

DGAP-News: GSG GROUP S.A. / Key word(s): AGM/EGM/Share Buyback
CPI PROPERTY GROUP (formerly named GSG GROUP): Shareholders Meeting
held on 28 August 2014

28.08.2014 / 18:19

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Luxembourg, 28 August 2014

CPI PROPERTY GROUP (formerly named GSG GROUP): Shareholders Meeting held on
28 August 2014

CPI PROPERTY GROUP (formerly named GSG GROUP) - The extraordinary general
meeting of shareholders of CPI PROPERTY GROUP (the "Company") was held on
28 August 2014 at the registered office of the Company in Luxembourg (the
"General Meeting"), with approximately 94% of the voting rights present or
represented.

The General Meeting resolved to change the name of the Company from GSG
GROUP to CPI PROPERTY GROUP, effective immediately.

The General Meeting resolved to approve the terms and conditions of the
buy-back programme of the Company, enabling the redemption of Company's own
shares. As such, the General Meeting authorised the Board of Directors of
the Company to repurchase, in one or several steps, a maximum number of
750,000,000 Company shares from the existing and/or future shareholders of
the Company, for a purchase price comprised in the range between one
eurocent (EUR 0.01-) and five euro (EUR 5.-), for a period of five (5)
years from the date of the General Meeting.

The General Meeting further resolved to approve the report of the Company's
Board of Directors relating to the possibility of the Board of Directors to
cancel or limit any preferential subscription right of the shareholders
upon the increases of capital in the framework of the authorised share
capital.

The General Meeting also resolved to modify, renew and replace the existing
authorised share capital of the Company and to set it to an amount of four
hundred million euro (EUR 400,000,000.00) for a period of five (5) years
from the date of the General Meeting. As such, the Board of Directors is
authorised to issue up to 4 billion new Company shares under this
authorization within the period of 5 years from today, in addition to the
2,920,823,904 currently outstanding shares of the Company.

The General Meeting resolved to modify the Company's articles of
association in order to reflect the above decisions and to adapt certain
other provisions of the Company's articles.

All resolutions were approved by 100% of the votes cast.

Contact:
Kirchhoff Consult AG
Sebastian Bucher
Herrengraben 1
D-20459 Hamburg

T [phone]
F [phone]
[e-mail]



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Language: English
Company: GSG GROUP S.A.
40, rue de la Vallée
L-2661 Luxembourg
Grand Duchy of Luxembourg
Phone: [phone]
Fax: [phone]
E-mail: [e-mail]
Internet: www.gsg-group.de
ISIN: LU0251710041
WKN: A0JL4D
Listed: Regulierter Markt in Frankfurt (General Standard);
Freiverkehr in Düsseldorf, Stuttgart


End of News DGAP News-Service
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