AFFINE (EPA:IML) General Shareholders' Meeting of 27 April 2017
Transparency directive : regulatory news
27/04/2017 18:00
Click here to download pdf version
Paris, 27 April 2017, 6.00 pm
General Shareholders' Meeting of 27 April 2017
At the General Shareholders' Meeting of Affine held on Thursday, 27 April, the
following main decisions were made:
* The 2016 accounts showing a consolidated net profit of EUR5.5m were
approved.
* The dividend of EUR1.0 per share was extended for the 2016 financial year; it
will be paid on 11 May and will be fully eligible for the 40% tax allowance
for private individuals.
* The share capital was down EUR34.5m due to the EUR34.3m provision on the
investment in Banimmo recorded in the company financial statements, which is
now aligned to that of the consolidated statements. This transaction had no
impact on equity, which remained at the same level as 31 December 2016, i.e.
EUR59.5m for company equity and EUR285.0m for consolidated equity.
* Mr Bertrand de Feydeau, Chairman of Foncière Développements et Logements,
and Ms Delphine Benchetrit, Founder and Partner of Finae Advisors, were
re-elected as independent directors for a three-year term.
* Mr Matthieu Evrard, Co-Chief Executive Officer of Affine, was appointed as
Director for a three-year term.
The result of the voting will soon be available on the Affine website.
ABOUT AFFINE
Affine is a property company specialising in commercial property. At the end of
2016, it directly owned 43 buildings with a total value of EUR519m (excl. tax)
and a total floor area of 358,200 sqm. The company owns office properties
(66%), retail properties (23 %) and warehouses and business premises (11 %).
Its assets are distributed more or less equally between Ile- de France and
other regions in France.
Affine is also the major shareholder (49.5%) of Banimmo, a Belgian property
repositioning company with operations in Belgium and France. At the end of
December 2016, Banimmo had total assets of 18 office and commercial buildings,
with a value of EUR238m (taxes included).
Total Group assets are EUR791m (including transfer taxes).
In 2003, Affine opted for French real estate investment trust ('SIIC' or
'Sociétés d'Investissements Immobiliers Cotées') status. Affine's shares are
listed on NYSE Euronext Paris (ticker: IML FP/BTTP.PA; ISIN code: FR0000036105)
and eligible for the Deferred Settlement Service (long only). It is included in
the CAC Mid&Small, SIIC IEIF and EPRA indexes. Banimmo is also listed on NYSE
Euronext.
To find out more: www.affine.fr. Follow our news thread on:
https://twitter.com/Groupe_Affine
CONTACT INVESTOR RELATIONS
Frank Lutz
+33 (0)1 44 90 43 53 - frank.lutz@affine.fr
PRESS RELATIONS
Dentsu Consulting - Alexandra Richert
+33 (0)1 41 16 42 67 - alexandra.richert@dentsuaegis.com