▪ Cash compensation of € 33.20 per share
▪ Maximilian Rinke newly elected to the Supervisory Board
Wiesbaden, 3 May 2024 – The ordinary Annual General Meeting of Aareal Bank AG adopted the resolution concerning the squeeze-out under the German Public Limited Companies Act, thus resolving the transfer of shares held by minority shareholders to the main shareholder, Atlantic BidCo GmbH. As announced, the cash compensation amounts to € 33.20 per share. The main shareholder's request for the transfer of the shares held by remaining shareholders was adopted with a majority of 99.12 per cent of the votes cast.
The agenda also called for elections of Supervisory Board members, due to the fact that the regular terms of office of Prof. Dr Hermann Wagner, Denis Hall and Hans-Hermann Anton Lotter ended at the close of the Annual General Meeting. The following persons were elected – or re-elected – as shareholder representatives to the Supervisory Board: Maximilian Rinke (Senior Managing Director of Centerbridge Partners, L.P.), Denis Hall (former Chief Risk Officer, Global Consumer Banking, GE Capital) and Hans-Hermann Anton Lotter (Managing Director of Atlantic BidCo GmbH).
The Annual General Meeting also approved all other agenda items with a large majority of more than 98 per cent.
Further information on this year's Annual General Meeting, together with the CVs of the newly-elected and re-elected Supervisory Board members and the detailed voting results are available here.
Contacts for the media:
Margarita Thiel
Phone: +49 611 348 2306
Mobile: +49 171 2069740
margarita.thiel(at)aareal-bank.com
Christian Feldbrügge
Phone: +49 611 348 2280
Mobile: +49 171 8667919
christian.feldbruegge(at)aareal-bank.com
Contact for investors:
Aareal Bank AG – Investor Relations
Phone: +49 611 348 3009
ir@aareal-bank.com
