DGAP-News

ADO Properties S.A.: Bekanntmachung der Einberufung zur Hauptversammlung - Seite 2

The General Meeting, after having reviewed the management report of the Board of Directors and the report of the independent auditor, approves the consolidated financial statements of the Company established in accordance with international accounting standards for the financial year ending 31 December 2017, showing a consolidated net profit of EUR 367,511,050 (rounded).

4. Approval of the allocation of results and determination of the dividend.

Draft resolution (AGM Resolution III)

The General Meeting acknowledges that the net profit of the Company amounts to EUR 35,666,089 according to the stand-alone financial statements established in accordance with Luxembourg GAAP.

On this basis the General Meeting, upon the proposal of the Board of Directors, decides to pay out a dividend from the distributable results and to allocate the results of the Company based on the stand-alone annual financial statements of the Company for the financial year ending 31 December 2017.

Distributable profits 31 December 2017:

	In EUR
Share Capital	54,684
Profit brought forward - opening balance 01.01.2017	10,560,579
Profit (loss) for year 2017	35,666,089
Closing balance as at 31.12.2017	46,226,668
Restricted profits:
Allocation to the legal reserve
Net book value of formation expenses as 31.12.2017	(10,219,551)
Distributable amount retained earnings	36,007,117
Share premium account	844,345,307
Total maximum distributable amount	880,352,424
Total proposed dividend (0.6 EUR per share)	(26,460,000)
Distributable amount carried forward	853,892,424