Peach Property Group AG: Annual General Meeting Approves All Proposals

[ Report ]

Zürich (pta038/14.05.2024/19:00) - Ad-hoc announcement pursuant to Art. 53 LR

* All agenda items approved
* New Board of Directors elected with Michael Zahn as Chairman

The shareholders of Peach Property Group AG ("Peach Property Group"), a real estate investor focused on residential real estate in Germany, approved all items on the agenda at today's Annual General Meeting with clear majorities. Around 60.04 percent of the issued share capital, or 81.25 percent of the registered voting rights, were represented at the beginning of this year's Annual General Meeting in Zurich.

Among other things, the Annual General Meeting approved the 2023 Annual Report with Management Report and financial statements as well as the 2023 Remuneration Report. All members of the Board of Directors and of the Executive Management were discharged. Furthermore, it was decided, as proposed, not to pay a dividend for the financial year 2023 and to carry forward the 2023 balance sheet result to the new account.

New Board of Directors elected

The Annual General Meeting approved the election of a new Board of Directors. Michael Zahn was elected as the new Chairman and Annette Benner, Cyrill Schneuwly, Beat Frischknecht and John Ruane were elected as new members of the Board until the end of the next Annual General Meeting. The previous Board members Klaus Schmitz, Peter Bodmer and Dr. Christian De Prati did not stand for re-election.

Klaus Schmitz also introduced Gerald Klinck as the new CEO of Peach Property Group at the Annual General Meeting. Gerald Klinck has been in office since April 15, 2024, and will assume the duties of CFO in addition to his role as CEO. The current CFO of Peach Property Group Thorsten Arsan will leave the Group at his own request at the end of August 2024.

The detailed voting results and the minutes of the Annual General Meeting will be available shortly on the Peach Property Group website:

https://www.peachproperty.com/en/investor-relations-en/ # corporategovernance

Contacts:

Media, investors and analysts

Gerald Klinck, Chief Executive Officer
Thorsten Arsan, Chief Financial Officer
and Vanessa da Cruz, Head of Investor Relations & ESG
+41 44 485 50 31 | investors@peachproperty.com

Media Germany

Feldhoff & Cie, Anke Sostmann, Executive Director
+49 159 04028505 | as@feldhoff-cie.de

About Peach Property Group AG

Peach Property Group is a property investor focused on residential investment in Germany. The group stands for many years of experience, expertise and quality. Innovative solutions for tenants' needs, strong partnerships and a broad value chain complete the profile, while digitalization and sustainability characterize the operational business. The portfolio consists of high-yield properties, typically in German Tier II cities in the catchment areas of major metropolitan areas. Activities therefore cover the entire value chain, from site evaluation and acquisition to active asset management and the letting or sale of properties.

In addition, the Group is developing selected properties in Switzerland for sale as condominiums, the latest of which is the "Peninsula Wädenswil" project.

Peach Property Group AG is headquartered in Zurich and has its German headquarters in Cologne. Peach Property Group AG is listed on the SIX Swiss Exchange (PEAN, ISIN CH0118530366). Since the 2024 Annual General Meeting, the Board of Directors has comprised Michael Zahn (Chairman of the Board of Directors), Annette Benner, Cyrill Schneuwly, Beat Frischknecht and John Ruane (previously: Klaus Schmitz (Chairman of the Board of Directors), Dr. Christian De Prati and Peter Bodmer).

More information can be found at https://peachproperty.com

(Ende)