DGAP-Adhoc: Deutsche Wohnen calls extraordinary general meeting to resolve on authorized capital increase

Deutsche Wohnen AG  / Key word(s): Miscellaneous

24.10.2012 07:28

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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Frankfurt (Main) / Berlin, October 24, 2012. Today, Deutsche Wohnen AG
informed its shareholders of an extraordinary general meeting it has called
for December 4, 2012 in Frankfurt (Main). The management board, with the
support of the supervisory board, intends to create a new authorized
capital in an amount of 50% of the current share capital at the
extraordinary shareholders meeting.

The reasoning behind this proposal is Deutsche Wohnen's belief that large
volume portfolios and a number of smaller portfolios are currently on the
market or will be in the near future. These present excellent acquisition
opportunities for Deutsche Wohnen to make use of the favorable
circumstances in the consolidation of the German residential real-estate
market.

The authorized capital approved by the general meeting in June 2012 has
almost completely been utilized for the capital increase in June 2012.
Within one year, the proceeds of the last two rights issues in November
2011 and June 2012 of around EUR 620 million have almost completely been
invested in the Dusseldorf portfolio (1,160 units), the BauBeCon portfolio
(more than 23,000 units), acquisitions in greater Berlin (around 1,500
units), and a further acquisition of about 5,100 units which has been
notarized. Deutsche Wohnen aims to obtain new authorized capital, amounting
to 50% of the current share capital already, in order to be fast and
flexible in transaction processes.


Contact:
+49 (0)30 / 897 86 - 551


24.10.2012 DGAP's Distribution Services include Regulatory Announcements,
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Language:     English
Company:      Deutsche Wohnen AG
              Pfaffenwiese 300
              65929 Frankfurt
              Germany
Phone:        +49 (0)30 89786-0
Fax:          +49 (0)30 89786-507
E-mail:       ir@deutsche-wohnen.com
Internet:     http://www.deutsche-wohnen.com
ISIN:         DE000A0HN5C6, DE0006283302
WKN:          A0HN5C, 628330
Indices:      MDAX
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Düsseldorf, Hamburg, München, Stuttgart
 
End of Announcement                             DGAP News-Service
 
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