Aroundtown - AGM 24 June 2020
In light of the uncertainties for future macroeconomic developments caused by the Covid-
19 pandemic and resulting international lockdowns, the Board of Directors considers it is
not in the Company's best interest to propose a distribution of dividends to the AGM at
this stage. The Board of Directors will continue to evaluate the market situation and may,
if warranted in light of changed conditions, propose a future dividend distribution and
accordingly call for another general meeting.
ITEMS 8-9 ECGS appreciates the company's effort to publish the remuneration report
and policy for the first time, even if it is non-binding. However, the absence of essential
elements of disclosure and the different treatment given to the CEO, at fault, compared
to the other members of the management team, leads us to recommend to OPPOSE.
Aroundtown Property Holdings Plc (Co.) is a specialist real estate investment group, focusing in the German real estate markets. Co. covers the main real estate segments which benefit from strong fundamentals and growth prospects: residential (through its holding in Grand City Properties S.A.), commercial and hotel properties. The Co.'s vision is buying, redeveloping, turning around and optimizing real estate properties in Germany.
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