ORCO PROPERTY GROUP | Media
Media
Results of the annual general meeting of Orco Property Group held on April 2008 and payment of a dividend
During the Ordinary General Meeting held on April 24th, 2008, the shareholders approved all the topics of the agenda.
As proposed by the Board of Directors, a gross dividend of EUR 1.40- will be paid (net EUR 1.19 if Luxembourg withholding tax of 15% is applicable). This dividend is payable upon the choice of the shareholders either in shares at a price of EUR 48.58 or in cash.
The coupon clipping date is set on April 25th, 2008.
The shareholders are invited to communicate their choice to their financial intermediary until May 13th, 2008 the latest. The dividend will be paid on June 2nd, 2008.
For additional information please visit: www.orcogroup.com
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Orco Property Group is a leading investor, developer and asset manager in the Central European real estate and hospitality market, currently managing assets of approximately EUR 2, 5 billion. Operating in Central Europe since 1991, Orco Property Group is a public company, based in Luxembourg, and listed on the Euronext, Prague, Warsaw and Budapest Stock Exchanges. Orco Property Group’s portfolio includes, IPB Real, MaMaison Hotels & Apartments, Viterra Development, Gewerbesiedlungs-Gesellschaft mbH (GSG), Orco Real Estate, Orco MOLCOM and other retail properties. Orco Property Group operates in a number of countries including, mainly, the Czech Republic, Hungary, Poland, Russia, Croatia, Germany and Slovakia. Orco Property Group is continually analysing investment into new territories.
Orco Property Group is also sponsor of The Endurance Real Estate Fund, a Luxembourg–regulated closed–end mutual fund (fonds commun de placement - fonds d'investissement spécialisé) organised as an umbrella fund with six sub-funds focused on real estate acquisitions on office and retail, residential, industrial & logistic, and Health Care markets.
Contact persons:
Séverine
Farjon
Tel:
+33 1 40 67 67 00
E-mail:
sfarjon@orcogroup.com
City:
Paris
Luc
Leroi
Tel:
+ 352 26 47 67 47
E-mail:
lleroi@orcogroup.com
City:
Luxembourg
Aleš
Vobruba
Tel:
+42 02 21 416 311
E-mail:
avobruba@orcogroup.com
City:
Prague