DGAP-News: conwert Shareholders: Important Vote on the

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News Desk 2018

Apr 28, 2014 at 3:15 AM

DGAP-News: conwert Shareholders: Important Vote on the Administrative Board on May 7, 2014 (news with additional features)

DGAP-News: Cube Invest GmbH / Key word(s): AGM/EGM/Change of Personnel conwert Shareholders: Important Vote on the Administrative Board on May 7, 2014 (news with additional features) 28.04.2014 / 09:04 --------------------------------------------------------------------- - conwert's administrative board urgently needs accountability and independence but also experience in the German Real Estate market - Following a motion put forward by its 24% shareholder's two administrative board representatives, two more related party representatives, Ms. Postl and Mr. Schoeller, could now be elected - Upon countermotion of independent shareholder Cube Invest, two candidates with longstanding real estate experience, Peter Hohlbein and Dr. Alexander Proschofsky, are campaigning to be elected as independent administrative board members instead - International voting right advisers ISS (Institutional Shareholder Services) and Glass Lewis as well as Austria's independent minority shareholder association Interessensverband fÃ¼r Anleger (IVA) explicitly recommend to vote for the independent candidates Peter Hohlbein and Dr. Alexander Proschofsky to improve governance Vienna, April 28, 2014 - On May 7, 2014, the Annual General Meeting of conwert Immobilien Invest SE in Vienna, Austria, will vote on the composition of its five member administrative board. Upon the proposal of its independent shareholder Cube Invest, two candidates with longstanding real estate experience, Peter Hohlbein and Dr. Alexander Proschofsky, are campaigning to be elected as independent administrative board members in a bid to properly represent the interests of the free float of approx. 76 percent in the administrative board. Peter Hohlbein possesses of 30 years of real estate management experience in Germany, most notably from his management role as CEO of Berlin Immobilien Holding, owning 39,000 residential and 3,000 commercial units. Dr. Alexander Proschofsky has more than 25 years of capital markets experience with a special expertise in corporate governance and minority shareholder rights. Furthermore, he has been an active real estate investor for over ten years. Over the past years, conwert's administrative board has attracted negative public attention following numerous severe conflicts of interest including highly questionable related-party transactions of the main shareholder's representatives. The current administrative board consists of two representatives affiliated to 24 percent main shareholder Hans-Peter Haselsteiner and only one independent representative. Following a motion put forward by Haselsteiner's two representatives, two more non-independent representatives are now standing for election. conwert's administrative board urgently needs accountability, independence and experience in the German Real Estate market. 75 percent of the conwert assets are located in Germany. It can therefore not be in the company's interest that neither the current board members nor the two suggested related-party representatives proposed by Haselsteiner - Ms. Postl and Mr. Schoeller - possess of adequate real estate experience in Germany. A balanced and competent administrative board is in the interest of both the company and the free float. Thus, the leading international voting right advisers ISS (Institutional Shareholder Services Inc.) and Glass Lewis as well as Austria's independent minority shareholder association Interessensverband fÃ¼r Anleger (IVA) explicitly recommend to vote for the independent candidates Peter Hohlbein and Dr. Alexander Proschofsky. Furthermore, ISS, Glass Lewis and IVA clearly recommend to vote against the two non-independent candidates put forward by the current administrative board. If you agree with this assessment, then - vote AGAINST: Alexander P. Schoeller and Martina Postl - vote FOR: Peter Hohlbein and Dr. Alexander Proschofsky On the AGM on May 7, it is important that shareholders who want to vote for a balanced and competent administrative board vote both against the non-independent candidates and for the independent candidates. conwert shareholders have to provide evidence of their shareholding to the company by May 2, 2014, at the very latest (following the instructions in the AGM invitation) in writing, to partake in the vote on the administrative board. Further information is available at www.active-investor.at In case conwert shareholders cannot attend the AGM in person, they can grant a power of attorney to have a proxy vote for them. Further information about this is available at www.active-investor.at in the section "Voting". Investor contact: Cube Invest GmbH Alexander Proschofsky proschofsky@cube-invest.com +43 676 3475633 Press contact: Charles Barker Corporate Communications GmbH Tobias Eberle tobias.eberle@charlesbarker.de +49 69 794090 24 End of Corporate News +++++ Additional features: Document: http://n.equitystory.com/c/fncls.ssp?u=PYJJFJDJRS Document title: News as PDF --------------------------------------------------------------------- 28.04.2014 Dissemination of a Corporate News, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- 264915 28.04.2014

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