DGAP-News: TTL Beteiligungs- und Grundbesitz-AG's Annual General Meeting approves dividend payment of Euro 0.12 per share for the first time after strong financial year 2018

Munich, 10.05.2019

TTL Beteiligungs- und Grundbesitz-AG's Annual General Meeting approves dividend payment of Euro 0.12 per share for the first time after strong financial year 2018
 

• Attractive dividend yield of around 4 %
• Management Board confirms earnings forecast for 2019 of more than Euro 6 million
• All agenda items approved with more than 99.96 %
   

On 10 May 2019, the Annual General Meeting of TTL Beteiligungs- und Grundbesitz-AG ("TTL", "TTL AG") (ISIN DE0007501009) resolved to distribute a dividend of Euro 0.12 per share for the first time following the realignment of the company initiated in 2017. This corresponds to a dividend yield of around 4 %, based on the year-end closing price of the TTL share on 28 December 2018.

The holding company, which focuses on the German commercial real estate market, is thus allowing its shareholders to participate in the outstanding results of the financial year 2018. TTL more than quadrupled its consolidated net profit from Euro 0.9 million in 2017 to Euro 4.1 million in 2018 and increased its income from investments and interest result from Euro 1.2 million (2017) to Euro 6.2 million (2018).

"The results achieved in 2018 show that our strategy is working. TTL grew strongly and profitably in 2018 through the consistent expansion of its indirect investment in the GEG German Estate Group (GEG) and the extremely positive development of its portfolio companies. We have achieved all the goals we set ourselves for 2018. This also includes distributing dividends to our shareholders from 2019 onwards", says Theo Reichert, CEO of TTL AG.
 

Outlook 2019

TTL has made a good start to the new fiscal year and continues to benefit from the positive business performance of its portfolio. DIC Asset AG and the GEG German Estate Group (GEG) performed very well in the first months of 2019 and remain on a growth course.

In order to leverage further potential for profitable growth, TTL will primarily push ahead with the diversification of its existing investment portfolio in the current financial year by acquiring new investments. Of particular interest to TTL are acquisitions that complement the existing investment portfolio regionally and strategically.

Theo Reichert: "We will continue to focus on sustainable and profitable growth in 2019. We plan to further increase TTL AG's consolidated net profit in the current financial year and expect a consolidated result of more than Euro 6 million".
 

Shareholders adopt proposed resolutions with a large majority

With a presence of 76.22 %, the shareholders at the Annual General Meeting in Munich voted with more than 99.96 % in favor of all proposed resolutions.

The following items on the agenda were resolved among others:

• Appropriation of retained earnings
• Approval of the actions of the Management Board for the financial year 2018
• Approval of the actions of the Supervisory Board for the financial year 2018
• Election of the auditor for 2019
• Election of members of the Supervisory Board: Prof. Dr. Gerhard Schmidt, Klaus Kirchberger and Dr. Daniel Schütze
• Supervisory board remuneration
• Authorization to acquire and use treasury shares
• Creation of new Authorized Capital 2019
• Authorization to issue bonds with warrants and convertible bonds and creation of a new Contingent Capital 2019/I

All relevant documents relating to the 2019 Annual General Meeting of TTL Beteiligungs- und Grundbesitz-AG can be viewed on the company's website at https://www.ttl-ag.de/de/investor-relations/hauptversammlung.html.

Up-to-date information on the GEG German Estate Group can be found at https://www.geg.de/en/press.html and on DIC Asset AG at https://www.dic-asset.de/engl/news/index.php.

Media and investor relations contact

Annette Kohler-Kruse
Instinctif Partners
Tel. +49 89 3090 5189-21
ir@ttl-ag.de
presse@ttl-ag.de