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Press release BoxID: 790964 (msg life ag)
  • msg life ag
  • Humboldtstraße 35
  • 70771 Leinfelden-Echterdingen
  • http://www.msg-life.com
  • Contact person
  • Frank Fahrner
  • +49 (711) 94958-730

msg life ag: Management Board and Supervisory Board approve conclusion of profit-pooling contracts between msg life ag and the subsidiaries msg life central europe gmbh and msg life global gmbh

(PresseBox) (Leinfelden-Echterdingen, ) Today, the Management Board of msg life ag, Leinfelden-Echterdingen, with approval from the Supervisory Board, passed a resolution to conclude profit-pooling contracts between msg life ag and the subsidiary msg life central europe gmbh (formerly: msg life Deutschland GmbH), Munich, as well as between msg life ag and the subsidiary msg life global gmbh, Munich. In addition, the Management Board and Supervisory Board resolved to present the profit-pooling contracts for approval at the next annual general meeting. Approval by the annual general meeting is a prerequisite for the effectiveness of the profitpooling contracts.

The profit-pooling contracts will have a term of at least five years and will apply retroactively from 1 January 2016. The profit-pooling contracts each stipulate the obligation of msg life central europe gmbh and msg life global gmbh respectively to remit all of their profits as determined by the provisions of the German Commercial Code (HGB) to msg life ag. At the same time, during the term of the contract, msg life ag undertakes to compensate for any net loss for a given year generated by msg life central europe gmbh and msg life global gmbh which cannot be compensated for by withdrawals from reserves formed during the term of the contract.

Issuing party:

msg life ag

Investor Relations

Humboldtstrasse 35, 70771 Leinfelden-Echterdingen

Tel.: +49 (0)711 949 580

Email: investor.relations@msg-life.com

Internet: www.msg-life.com

WKN 513010, ISIN DE0005130108

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