EQS-Adhoc: Peach Property Group AG: Annual General Meeting approves all proposals

EQS Group-Ad-hoc: Peach Property Group AG / Key word(s): AGM/EGM Peach Property Group AG: Annual General Meeting approves all proposals

2015-05-08 / 19:01 Release of an ad hoc announcement pursuant to Art. 53 KR. The issuer is solely responsible for the content of this announcement.

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Press release

Peach Property Group AG: Annual General Meeting approves all proposals

Zurich, 8 May 2015 - The shareholders of Peach Property Group AG, a leading investor in residential and commercial real estate, approved all proposals submitted by the Board of Directors with clear majorities at today's Annual General Meeting. Overall, 56 percent of the company's voting capital was represented at the meeting.

Among the resolutions adopted by the AGM was the creation of authorised capital of CHF 2 million and an increase of conditional capital from CHF 155,935 to CHF 200,000. Furthermore, the shareholders approved changes in the company's bylaws owing to the Swiss Ordinance Against Excessive Compensation in Listed Companies ("VegüV").

The property and financial expert Reto A. Garzetti (55) was elected as President of the Board of Directors. The members of the Board nominated for re-election, Peter E. Bodmer and Dr. Christian De Prati, were re-elected for one-year terms of office. The previous President of the Board of Directors, Dr. Corinne Billeter-Wohlfahrt, and the former Board members Dr. Christian Wenger and Dr. Thomas Wolfensberger did not stand for re-election. Martin Eberhard had already declared his resignation in March 2015. As a result, the Board of Directors was downsized from six to three members.

In his capacity as the Group's Chief Executive Officer (CEO), Dr. Thomas Wolfensberger will concentrate on implementing the strategy to focus on investment properties and standardised appreciation.

Peach Property Group is therefore ideally positioned for further profitable growth.

More detailed information on the resolutions adopted by the Annual General Meeting of Peach Property Group AG is available on the Company's website at www.peachproperty.com/gv2015

Contacts:

Media, investors and analysts Dr. Thomas Wolfensberger, Chief Executive Officer and Dr. Marcel Kucher, Chief Financial Officer +41 44 485 50 00 | investors@peachproperty.com

Media Germany edicto GmbH, Axel Mühlhaus, Peggy Kropmanns +49 (0) 69 90 55 05 52 | amuehlhaus@edicto.de

About Peach Property Group AG

Peach Property Group AG is a property investor and developer focused on investments in Switzerland and Germany. The portfolio includes an increasing number of investment properties that are designed to generate sustained income as well as attractive residential development properties. The Group's activities cover the entire value chain, from site evaluation to project planning, implementation and marketing. In the investment segment, the Group is focused on properties with a potential for achieving attractive yields based on active asset management - typically secondary locations in the catchment area of urban agglomerations. In the development segment, the Group concentrates on exceptional locations and properties with high-end specifications and amenities that meet the requirements of a demanding clientele.

Peach Property Group AG is headquartered in Zurich and has its German Group headquarters in Cologne. Peach Property Group AG is listed on the SIX Swiss Exchange (PEAN, ISIN CH0118530366).

For more information, see www.peachproperty.com End of ad hoc announcement

+++++ Additional features:

Document: http://n.equitystory.com/c/fncls.ssp?u=FKOSWQIVTV Document title: Press release

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2015-05-08 News transmitted by EQS Schweiz AG. www.eqs.com - news archive: http://switzerland.eqs.com/de/News

The issuer is responsible for the contents of the release.

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Language: English Company: Peach Property Group AG Seestrasse 346 8038 Zürich Switzerland Phone: +41 44 485 50 00 Fax: +41 44 485 50 11 E-mail: investors@peachproperty.com Internet: www.peachproperty.com ISIN: CH0118530366 Valor: A1C8PJ Listed: Regulated Unofficial Market in Berlin, Stuttgart; Open Market in Frankfurt ; SIX

End of News EQS Group News-Service =-------------------------------------------------------------------- 355343 2015-05-08 (END) Dow Jones Newswires

   May 08, 2015 13:01 ET (17:01 GMT)- - 01 01 PM EDT 05-08-15