Press release of Prime Office REIT-AG
- Business combination agreement and merger agreement with over 75 percent of the votes cast
- Process of merging with OCM German Real Estate Holding AG continues as planned
- German cartel office has approved the merger as the competent merger control entity
- Business combination agreement and merger agreement with over 75 percent of the votes cast
- Process of merging with OCM German Real Estate Holding AG continues as planned
- German cartel office has approved the merger as the competent merger control entity
Munich, 24 September 2013. Prime Office REIT-AG (“Prime Office“), a leading listed property company with REIT status focused on investments and management of prime office properties in Germany, announces that the process of merging with OCM German Real Estate Holding AG will continue as planned. The business combination agreement and the merger agreement put to a vote today during the company’s annual general meeting were approved with the requisite majorities of at least 75 percent of the votes.
The business combination agreement between Prime Office, OCM German Real Estate Holding AG, Cologne, all shareholders of OCM German Real Estate Holding AG as well as Amherst S.à r.l. and OCM had an approval rating of 79.543 percent (23,176,509 votes in favour, 5,960,716 dissenting votes). The annual general meeting also approved the merger agreement between Prime Office as the transferring entity and OCM German Real Estate Holding AG, Cologne, as the receiving entity with a majority of 79.767 percent (23,271,930 votes in favour, 5,902,985 dissenting votes).
The planned merger between Prime Office and OCM German Real Estate Holding AG has been approved by the German cartel office as the competent merger control entity. Both Prime Office and OCM German Real Estate Holding AG aim at successfully completing the transaction before the end of the year.
“We are delighted that our shareholders support our plans to merge with OCM German Real Estate Holding AG. We view this as a strong vote of confidence for our strategy to build a leading, high earning and high dividend paying German office real estate company together with OCM German Real Estate Holding AG. We can now take the necessary next steps in the merger process that will enable us to follow through with the transaction and as a consequence generate sustainable value for our shareholders”, says Alexander von Cramm, member of the Prime Office REIT-AG executive board.
Contact details:
Prime Office REIT-AG
Richard Berg
Director Investor Relations / Corporate Communications
Hopfenstraße 4, 80335 Munich
Telephone: +49. 89. 710 40 90 40
Facsimile: +49. 89. 710 40 90 99
Email: richard.berg@prime-office.de
Hopfenstraße 4, 80335 Munich
Telephone: +49. 89. 710 40 90 40
Facsimile: +49. 89. 710 40 90 99
Email: richard.berg@prime-office.de
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