7th Nov 2007 07:00
Speymill Deutsche Immobilien Co PLC07 November 2007 Speymill Deutsche Immobilien Company plc ("SDIC" or "the Company") Annual Report, Notice of AGM and Notice of EGM Speymill Deutsche Immobilien Company plc (AIM: SDIC; SDCC), the pan-Germanresidential property investment company listed on AIM, advises shareholders thatthe Annual Report & Accounts of the Company for the year ended 30 June 2007 areto be posted today. The Annual Report & Accounts includes a notice of the Annual General Meeting ofthe Company ("AGM") to be held at the offices of Galileo Fund Services Limited,Jubilee Buildings, Victoria Street, Douglas, Isle of Man IM1 2SH on 30 November2007 at 9:00 a.m.. Both Ordinary Shareholders and C Shareholders will be required to vote on allthe resolutions to be proposed at the AGM. These resolutions are set out below: 1. To receive and consider the Report of the Investment Manager, Report of the Directors, Auditors' Report and the Audited Consolidated Financial Statements of the Company for the year to 30 June 2007. 2. To approve the payment of a final dividend to the holders of the Ordinary Shares of 0.70 Euro cents per Ordinary Share. 3. To note that no dividend be payable in respect of the C Shares. 4. To re-appoint KPMG Audit LLC Isle of Man as Auditors of the Company for the year to 30 June 2008. 5. To authorise the purchase by the Company of up to 15% of the fully paid Ordinary Shares in issue and up to 15% of the C Shares in issue at a price of no less than one Euro cent and not more than EUR5.00 per share with an expiry date of the conclusion of the second Annual General Meeting or, if earlier, on 31 December 2008. Any such purchase of shares will be subject to the consent and approval of a class meeting of the holders of convertible shares. In addition, the Company will post a notice of an extraordinary general meetingof the C Shareholders to be held at the same venue on 30 November 2007 at 9.30 a.m. for the purpose of considering and, if thought fit, passing the following resolution as a special resolution: "THAT subject to the passing of resolution 5 by the members of the Company atthe annual general meeting held at 9:00 a.m. on 30 November 2007, any suchpurchase by the Company of ordinary shares or C shares in accordance with theterms of such resolution be and is hereby consented to and approved". 7 November 2007 For further information, please contact: Azhic Basirov / Siobhan SergeantSmith & Williamson Corporate Finance Limited 020 7131 4000 Paul Richards / James KingFairfax I.S. PLC 020 7598 5368 Ian Dungate / Suzanne JonesGalileo Fund Services Limited 01624 692600 Notes to editors: - Speymill Deutsche Immobilien Company plc is a pan-German residential propertyinvestment company which listed on AIM in March 2006, raising £170 million onadmission. - In May 2007, the Company raised a further EUR250 million through a placing of C Shares which were admitted to trading on AIM on 10 May 2007. - The Company was established to invest in the German property market and, predominantly, in the residential sector. It is anticipated that once fully invested, the Company will have a balanced portfolio of properties throughout Germany. - The Company's objective is to provide Shareholders with an attractive level ofincome together with the prospect for long-term capital growth. - The Manager is Speymill Property Managers Limited and the Investment Adviser is GOAL Service GmbH. The Manager and Investment Adviser are responsible for identifying new investment opportunities. - The Manager is a subsidiary of Speymill Group plc (AIM: SYG) while the Investment Adviser is a joint venture partner of Speymill Group plc (which owns 51% of the venture). This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Sdic Power.