DGAP-News: Noratis AG / Key word(s): Dividend/Real estate
Noratis AG: the Annual General Meeting approves a dividend of EUR 0.55 per share
23.06.2022 / 13:15
The issuer is solely responsible for the content of this announcement.

Noratis AG: the Annual General Meeting approves a dividend of EUR 0.55 per share

Eschborn, June 23, 2022. The annual general meeting of Noratis AG, a leading residential real estate developer, approved the distribution of a dividend of EUR 0.55 per share. Mr. Joachim von Bredow was also elected as a new member of the Supervisory Board. He replaces Mr. Hendrik von Paepcke. In addition, all other items on the agenda were adopted with at least 96.4% of the votes represented at the Annual General Meeting. The General Meeting, which was once again held purely virtually, thus followed the proposals of the Management Board and the Supervisory Board.

“We have achieved our objectives for 2021 in line with our strategy and have, for example, been able to significantly increase our stock to 4,200 units, while resuming our sales activities. We have thus created a very good basis for the years to come” “, explained Igor Christian Bugarski, CEO of Noratis AG, during the annual general meeting. Bugarski added that the 2021 financial year could be closed with record results. “Our shareholders will participate directly in the very good commercial performance of 2021 through the resolved dividend,” said the CEO.

During the annual general meeting, the company also gave an overview of its recently published sustainability report. Noratis AG has therefore already presented its sustainability strategy before the legal reporting obligation. “Our business model is based on sustainability in practice, as we specialize in the development of existing properties and in the maintenance and creation of affordable housing,” added CEO Burgarski.

The voting results of the Annual General Meeting are available on the website www.noratis.de under Investor Relations.

About Noratis:

Noratis AG (www.noratis.de) (ISIN: DE000A2E4MK4, WKN: A2E4MK, “Noratis”) is one of Germany’s leading residential property developers. The company identifies and realizes potentials for tenants, homeowners and investors, thereby creating and preserving attractive and at the same time affordable living spaces throughout Germany. Noratis specializes in upgrading aging residential portfolios, mainly owned apartments, residential neighborhoods or housing estates in towns with more than 10,000 inhabitants and on the outskirts of conurbations. After successful development, the properties remain in the company’s portfolio or are sold in the medium term to investors and/or individually to existing tenants, equity investors and owner occupiers. Thus, Noratis creates perceptible and lasting added value for all stakeholders: from investors, employees and financial partners to current and future tenants. Noratis AG is listed on the Frankfurt Stock Exchange.

Contact:

Noratis AG
Florence-Anne Kälble, communications manager
+49 (0)69-170 77 68 20
[email protected]

Contact with investors and public relations:

edicto GmbH
Dr Sonke Knop
+49 (0)69 905 505 51
[email protected]
Eschersheimer Landstraße 42
60322 Frankfurt am Main

23.06.2022 Broadcast of a Corporate News, transmitted by the DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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