DGAP-News DEMIRE Deutsche Mittelstand Real Estate AG: Annual General Meeting approves all agenda items with a clear majority
DGAP-News: DEMIRE Deutsche Mittelstand Real Estate AG / Key word(s): AGM/EGM/Dividend
DEMIRE: Annual General Meeting approves all agenda items with a clear majority
- Renewed dividend payment after strong annual result in 2020
- Outlook for the 2021 financial year confirmed
Langen, 28 April 2021 - Todays virtual Annual General Meeting of DEMIRE Deutsche Mittelstand Real Estate AG approved the renewed distribution of a dividend by a clear majority in accordance with the proposal of the Management Board and Supervisory Board. A dividend of 62 eurocents, up 8 eurocents, will be paid for the 2020 financial year, after 54 eurocents per share were already distributed for the 2019 financial year. The other items on the agenda were also approved with a clear majority.
According to Ingo Hartlief, DEMIRE's CEO, the decisive factor for the dividend increase was the Company's very good performance in 2020. "We achieved a record result in 2020 despite the Corona pandemic and would like our shareholders to participate in this. We recently used another part of our liquidty to purchase the attractive Cielo office property in Frankfurt am Main, thus making a future-oriented investment. In addition, our balance sheet figures continue to identify us as a financially strong company and a reliable business partner," Hartlief outlined to the shareholders as part of his accountability report. The course of the 2020 financial year has shown that DEMIRE is successfully dealing with the challenges posed by the COVID 19 pandemic in particular. According to the Chairman of the Management Board, the company's business strategy, which was presented to the shareholders under the slogan "REALise Potential", contributes to this in particular. The company runs a low-risk business model that combines a diversified portfolio with conservative risk profiles, advantageous financing conditions and a correspondingly clearly defined acquisition approach. According to Hartlief, this is how sustainable growth can be achieved, which then enables a dividend payout even in difficult times.