Notices of AGM & EGM
November 07 2007 - 2:01AM
UK Regulatory
RNS Number:1320H
Speymill Deutsche Immobilien Co PLC
07 November 2007
Speymill Deutsche Immobilien Company plc ("SDIC" or "the Company")
Annual Report, Notice of AGM and Notice of EGM
Speymill Deutsche Immobilien Company plc (AIM: SDIC; SDCC), the pan-German
residential property investment company listed on AIM, advises shareholders that
the Annual Report & Accounts of the Company for the year ended 30 June 2007 are
to be posted today.
The Annual Report & Accounts includes a notice of the Annual General Meeting of
the Company ("AGM") to be held at the offices of Galileo Fund Services Limited,
Jubilee Buildings, Victoria Street, Douglas, Isle of Man IM1 2SH on 30 November
2007 at 9:00 a.m..
Both Ordinary Shareholders and C Shareholders will be required to vote on all
the resolutions to be proposed at the AGM. These resolutions are set out below:
1. To receive and consider the Report of the Investment Manager, Report of
the Directors, Auditors' Report and the Audited Consolidated Financial
Statements of the Company for the year to 30 June 2007.
2. To approve the payment of a final dividend to the holders of the
Ordinary Shares of 0.70 Euro cents per Ordinary Share.
3. To note that no dividend be payable in respect of the C Shares.
4. To re-appoint KPMG Audit LLC Isle of Man as Auditors of the Company for
the year to 30 June 2008.
5. To authorise the purchase by the Company of up to 15% of the fully paid
Ordinary Shares in issue and up to 15% of the C Shares in issue at a price of
no less than one Euro cent and not more than EUR5.00 per share with an expiry
date of the conclusion of the second Annual General Meeting or, if earlier,
on 31 December 2008. Any such purchase of shares will be subject to the
consent and approval of a class meeting of the holders of convertible shares.
In addition, the Company will post a notice of an extraordinary general meeting
of the C Shareholders to be held at the same venue on 30 November 2007 at
9.30 a.m. for the purpose of considering and, if thought fit, passing the
following resolution as a special resolution:
"THAT subject to the passing of resolution 5 by the members of the Company at
the annual general meeting held at 9:00 a.m. on 30 November 2007, any such
purchase by the Company of ordinary shares or C shares in accordance with the
terms of such resolution be and is hereby consented to and approved".
7 November 2007
For further information, please contact:
Azhic Basirov / Siobhan Sergeant
Smith & Williamson Corporate Finance Limited 020 7131 4000
Paul Richards / James King
Fairfax I.S. PLC 020 7598 5368
Ian Dungate / Suzanne Jones
Galileo Fund Services Limited 01624 692600
Notes to editors:
- Speymill Deutsche Immobilien Company plc is a pan-German residential property
investment company which listed on AIM in March 2006, raising #170 million on
admission.
- In May 2007, the Company raised a further EUR250 million through a placing of
C Shares which were admitted to trading on AIM on 10 May 2007.
- The Company was established to invest in the German property market and,
predominantly, in the residential sector. It is anticipated that once fully
invested, the Company will have a balanced portfolio of properties throughout
Germany.
- The Company's objective is to provide Shareholders with an attractive level of
income together with the prospect for long-term capital growth.
- The Manager is Speymill Property Managers Limited and the Investment Adviser
is GOAL Service GmbH. The Manager and Investment Adviser are responsible for
identifying new investment opportunities.
- The Manager is a subsidiary of Speymill Group plc (AIM: SYG) while the
Investment Adviser is a joint venture partner of Speymill Group plc (which owns
51% of the venture).
This information is provided by RNS
The company news service from the London Stock Exchange
END
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