DGAP-Adhoc: TTL Beteiligungs- und Grundbesitz-AG: TTL pays special dividend, confirms dividend forecast and expands investment portfolio by entering into transaction platform agreement with Rockstone Real Estate Group
DGAP-Ad-hoc: TTL Beteiligungs- und Grundbesitz-AG / Key word(s): Dividend/Agreement
TTL Beteiligungs- und Grundbesitz-AG: TTL pays special dividend, confirms dividend forecast and expands investment portfolio by entering into transaction platform agreement with Rockstone Real Estate Group
18-Jun-2019 / 08:29 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Munich, 18 June 2019
TTL pays special dividend, confirms dividend forecast and expands investment portfolio by entering into transaction platform agreement with Rockstone Real Estate Group
GEG sale has now been completed and proceeds of around EUR 160 million have been received
TTL focuses on growth
Agreement signed with Rockstone Real Estate Group (Hamburg, Berlin, Munich) to establish a transaction platform
Special dividend of EUR 0.12 per share planned for September
Dividend forecast of EUR 0.20-0.25 per share for the 2019 financial year confirmed
TTL Beteiligungs- und Grundbesitz-AG (ISIN DE0007501009) ("TTL AG", "TTL") plans to distribute a special dividend of EUR 0.12 per share after the sale of its stake in GEG has been completed. A corresponding resolution will be submitted to the shareholders for decision at an extraordinary general meeting on September 26, 2019. The dividend will be paid out immediately thereafter. In addition, the Company reiterates its dividend forecast of EUR 0.20 - 0.25 per share for the 2019 financial year (resolution to be passed at the Annual General Meeting in spring 2020).
On 17 June 2019, an agreement was signed with Rockstone Real Estate Group to establish a transaction platform.
Notifying person
Theo Reichert
CEO
Tel: +49 89 381611-0
presse@ttl-ag.de
Media and Investor Relations contact
Annette Kohler-Kruse
Instinctif Partners
Tel. +49 89 3090 5189-23ir@ttl-ag.depresse@ttl-ag.de
18-Jun-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
Language:
English
Company:
TTL Beteiligungs- und Grundbesitz-AG
Theresienhöhe 28
80339 München
Germany
Phone:
+49 (0)89 381611-0
Fax:
+49 (0)89 3915-92
E-mail:
ir@ttl-ag.de
Internet:
www.ttl-ag.de
ISIN:
DE0007501009
WKN:
750100
Listed:
Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange
EQS News ID:
825977
End of Announcement
DGAP News Service
825977 18-Jun-2019 CET/CEST