Changes in the DEMIRE Supervisory Board and Shareholder Structure

(PresseBox) ( Langen, )
Following the Group’s restructuring, repositioning and successful expansion of business activities, Günther Walcher will step down as a member of the DEMIRE Supervisory Board. In addition, DeGeLog, in which Günther Walcher held a minority share, sold its 8.32 % shareholding in DEMIRE to Klaus Wecken of Wecken &Cie. Dr Peter Maser is also terminating his Supervisory Board mandate at DEMIRE. Dr Maser was appointed to the Supervisory Board of DEMIRE at the beginning of 2015 and elected as deputy chairman. He advised the Company in the areas of equity and capital market law based on his many years of banking and capital market experience and his expertise as a lawyer. The Company has already initiated the appropriate actions to promptly fill the two vacant Supervisory Board seats with competent candidates.

As a result, Wecken & Cie. now holds 26.53 % of DEMIRE’s share capital, which makes it the Company’s largest investor. Dr Walcher assumed his Supervisory Board activities in 2013 when DEMIRE – which at that time was still known as MAGNAT Real Estate Opportunities AG – had a market capitalisation of just roughly EUR 4 million. During Mr Walcher’s position on the Supervisory Board, all of the Company’s governing bodies were reorganised and the business activities were refocused on the German commercial real estate market. The majority of the portfolio, which had been held in Eastern Europe by MAGNAT, has since been sold or written off. DEMIRE also executed an extensive restructuring and realignment programme with Mr Walcher. This programme, which has been successfully completed, is the reason DEMIRE now holds roughly EUR 1 billion in assets and has a market capitalisation of over EUR 200 million, representing a fifty-fold increase.

"Mr Walcher closely accompanied our Company’s repositioning and, as an important partner and advisor, strongly influenced the Company in all aspects. Dr Maser contributed to the Company’s strong growth through his many years of transaction experience and was a valuable advisor to the Executive Board at all times. We are very grateful to both of these former Supervisory Board members for these contributions. Now, with Wecken & Cie., we have a professional and very successful name as our largest shareholder. The team led by Mr Wecken has already proven in many of their investments that they can realise potential and create value through forward-looking thinking. We look forward to a stronger cooperation and are pleased to have not only a stable but also supportive shareholder structure," commented Prof Andreas Steyer, CEO of DEMIRE.

Disclaimer

This information does not constitute a sales offer or an invitation to submit a purchase offer or to subscribe to securities. No bonds of DEMIRE Deutsche Mittelstand Real Estate AG are publicly offered.The distribution of this information may be legally restricted in certain jurisdictions. All persons in possession of this information should inform themselves about such legal restrictions and comply with them. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction. This information is not intended for distribution in or within the United States of America, Canada, Japan, or Australia or any other jurisdiction in which an offer or the invitation for the submission of an offer is subject to legal restrictions. This information does not constitute a public offer for the purchase of securities in the United States of America. The bond is not and will not be registered in accordance with the U.S. Securities Act of 1933 as amended (the “Securities Act”) and may only be offered or sold on the basis of a registration or an applicable exemption from the registration requirements of the Securities Act of the United States of America.

The information in this release contains forward-looking statements that are subject to various risks and uncertainties. Such forward-looking statements are based on current forecasts, expectations and estimates of DEMIRE’s Executive Board at the time of their publication. Such statements constitute neither promises nor guarantees and are subject to various known and unknown risks and uncertainties, some of which are beyond DEMIRE’s influence. These risks and uncertainties may lead to actual results differing materially from statements that are mentioned herein. DEMIRE accepts no obligation to update or adjust the forward-looking statements contained in this release to reflect events or circumstances after the date of this release.
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