DGAP-News: Aareal Bank AG: Annual General Meeting of Aareal

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News Desk 2018

May 21, 2014 at 9:30 AM

DGAP-News: Aareal Bank AG: Annual General Meeting of Aareal Bank resolves to pay a dividend of EUR0.75 per share for the 2013 financial year (news with additional features)

DGAP-News: Aareal Bank AG / Key word(s): AGM/EGM Aareal Bank AG: Annual General Meeting of Aareal Bank resolves to pay a dividend of EUR0.75 per share for the 2013 financial year (news with additional features) 21.05.2014 / 15:18 --------------------------------------------------------------------- Annual General Meeting of Aareal Bank resolves to pay a dividend of EUR0.75 per share for the 2013 financial year Wiesbaden, 21 May 2014 - At today's Annual General Meeting, the shareholders of Aareal Bank AG approved the payment of a dividend of EUR0.75 per share for the 2013 financial year. The corresponding resolution proposed by the Management Board and the Supervisory Board was adopted with a majority of 99.97 per cent of the share capital present at the Meeting. The distribution is the first since the year 2008, when the Bank paid a dividend of EUR0.50 per share for the 2007 financial year. During the following two years, the Bank was prohibited from distributing any dividends due to SoFFin's silent participation; thereafter, distributable profits were retained in full in order to strengthen the Bank's capital base. "Today, we enjoy a very solid capitalisation, as measured by all applicable indicators and also in a sector-wide comparison. We have sufficient risk cushions to deal with all realistic scenarios. This has opened up a return to an active dividend policy, which we want to adhere to in the future", commented CEO Dr Wolf Schumacher at the Annual General Meeting. Shareholders also adopted the other proposed resolutions, with a large majority - including an anticipatory resolution, which will be valid until 20 May 2019, providing the Management Board with the opportunity to issue financial instruments that will be eligible as regulatory capital - so-called Additional Tier 1 (AT 1) capital - under the new regulatory framework of the EU Capital Requirements Regulation (CRR). Liquidity generated from issuing AT 1 capital might be used to redeem SoFFin's remaining silent participation, as already publicly announced by the Bank. Speaking to shareholders, Dr Schumacher also affirmed the forecasts for Aareal Bank Group' business performance for the current financial year. All in all, Aareal Bank sees good opportunities, including a non-recurring effect from the acquisition of Corealcredit Bank (negative goodwill), to achieve consolidated operating profit of between EUR 370 and 390 million for the 2014 financial year. Schumacher was also confident for the current year and beyond; he affirmed the medium-term target for return on equity before taxes of approximately 12 per cent. Contact: Aareal Bank AG Corporate Communications Sven KorndÃ¶rffer Tel.: +49 611 348 2306 sven.korndoerffer@aareal-bank.com Christian FeldbrÃ¼gge Tel.: +49 611 348 2280 christian.feldbruegge@aareal-bank.com Heinrich FrÃ¶msdorf Tel.: +49 611 348 2061 heinrich.froemsdorf@aareal-bank.com ------------------------------------ Aareal Bank AG, Registered Office: Wiesbaden Commercial Register: Amtsgericht Wiesbaden HRB 13184 Chairman of the Supervisory Board: Marija G. Korsch Management Board: Dr. Wolf Schumacher (Chairman), Dagmar Knopek, Hermann J. Merkens, Thomas Ortmanns End of Corporate News +++++ Additional features: Document: http://n.equitystory.com/c/fncls.ssp?u=UKWYKOSTRG Document title: Aareal Bank AG Press Release --------------------------------------------------------------------- 21.05.2014 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 --------------------------------------------------------------------- Language: English Company: Aareal Bank AG Paulinenstr.15 65189 Wiesbaden Germany Phone: +49 (0)611 348 - 0 Fax: +49 (0)611 348 - 2332 E-mail: aareal@aareal-bank.com Internet: www.aareal-bank.com ISIN: DE0005408116 WKN: 540811 Indices: MDAX Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, DÃ¼sseldorf, Hamburg, MÃ¼nchen, Stuttgart; Stockholm End of News DGAP News-Service --------------------------------------------------------------------- 269805 21.05.2014

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