DGAP-News
GAGFAH 2014 - Promised and Delivered - Seite 2
multiple. The EPRA NAV as of Dec. 31, 2014 was EUR14.39 per share (+10.1%).
Based on the strong results of 2014, the Board of Directors of GAGFAH S.A.
has decided to propose a cash dividend of EUR0.35 per share to the next
Annual General Meeting of Shareholders.
Thomas Zinnöcker, CEO of GAGFAH GROUP commented, "2014 was a very
successful year for GAGFAH. We were able to achieve the goals we had set
for ourselves, and we overachieved on the Total Shareholder Return target
with our NAV per-share growth of more than 10%. I am glad to announce that
for the first time since 2010, the Board of Directors has proposed a cash
dividend of EUR0.35 per share, which is fully funded by the cash available
for distribution that we generated in 2014. We are looking ahead with
optimism, and I am convinced that our joining forces with Deutsche
Annington will enable us to create the best of both worlds to the advantage
of all of our stakeholders."
The management will host an earnings call today at 12:00 noon Luxembourg
time. All interested parties are welcome to participate in the live call.
You can access the conference call by dialing
- 1 866 966 9439 from the U.S.
- 0800 694 0257 from the U.K.
- 8002 7512 from Luxembourg
- 0800 101 4960 from Germany
- +44 (0) 1452 555 566 from all other countries
ten minutes prior to the scheduled start of the call. Please refer to "
GAGFAH S.A. Full Year 2014 Earnings Call ". The conference ID will be
89509220.
A live virtual audio webcast of the conference call will be available at
www.gagfah.com. A replay will be available for twelve months following the
call. The full year 2014 report and management presentation are available
as PDF downloads on www.gagfah.com.
Contact
GAGFAH S.A.
Investor Relations
Rene Hoffmann
2-4, rue Beck
L-1222 Luxembourg
Tel.: +352 266 366 21
rhoffmann@gagfah.com
www.gagfah.com
R.C.S. Luxembourg B 109.526
Media
Dirk T. Schmitt
+49 175 721 4836
dschmitt@gagfah.de
About GAGFAH S.A.
GAGFAH S.A. is a joint stock corporation organized under the laws of the
Grand Duchy of Luxembourg qualifying as a securitization company under the
Luxembourg Securitization Law of March 22, 2004. The core business of
GAGFAH S.A.'s operating subsidiaries is the acquisition, ownership and
management of a residential property portfolio located in Germany.
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