Announcement – EGM Voting Results 220616
CTP shareholders approve integration of Deutsche Industrie Grundbesitz AG into the CTP group
CTP N.V. Extraordinary General Meeting
CTP shareholders approve integration of Deutsche Industrie Grundbesitz AG into the CTP group
AMSTERDAM, 16 June 2022 – CTP N.V. (‘CTP’ or the ‘Company’), Continental Europe’s listed largest owner, developer and manager of high quality industrial and logistics real estate by gross lettable area (GLA), announces that the extraordinary general meeting (the ‘EGM’), held on 15 June 2022, approved the integration of Deutsche Industrie Grundbesitz AG (‘DIG’) into the CTP group.
Voting Results and Resolutions
At the registration date for the EGM (18 May 2022) the total number of issued shares in CTP N.V. was 432,814,135 ordinary shares, of which 386,367,183 were represented at this EGM. Considering there are no shares held in treasury, a percentage of 89.27% of the total number of votes was represented at the EGM.
The resolutions proposed at the EGM have been adopted. The voting result of the combined voting item is listed hereinafter. Percentages have been rounded.
Agenda item 2: Business Combination (voting item)
- Proposal to effect the Merger
- Proposal to effect the Hive-Down
Agenda item 2 consisted of the proposal to effect the merger and the proposal to effect the hive-down, which resolutions were put to a vote jointly as one single voting item since each of the resolutions is required for the further integration of DIG into the CTP group.
| Overview votes | ||||
| For | 385,226,404 | 99.79% | ||
| Against | 817,666 | 0.21% | ||
| Abstain | 323,113 | |||
| Total shares voted / votes cast (i.e. excluding abstentions) |
386,044,070 | |||
| 89.19% of issued and outstanding share capital | ||||
Completion of integration of DIG into CTP Group
Following yesterday’s approval, CTP and DIG expect to complete the Merger in H2 of 2022. The Hive-Down is expected to be implemented following implementation of the Merger and receipt of a—from the perspective of CTP—positive binding ruling of the competent German tax authorities in relation to certain tax aspects of the Hive-Down.
CONTACT DETAILS FOR ENQUIRIES:
| Sandra van Loon, Company Secretary |
Jan-Evert Post, Head of Funding & Investor Relations |
| T: +31 6 81 50 47 85 | T: +420 607 202 018 |
| E: sandra.vanloon@ctp.eu | E: jan.evert.post@ctp.eu |
About CTP Group
CTP is Continental Europe’s listed largest owner, developer and manager of logistics and industrial real estate by gross lettable area, owning over 9.3 million sqm of space in ten countries per 31 March 2022. CTP is the only developer in the region with its entire portfolio BREEAM certified and became carbon neutral in operations in 2021, underlying its commitment to being a sustainable business. For more information visit our corporate website: www.ctp.eu.