Branicks Group AG's Extraordinary General Meeting Gains Approval for Key Agenda Items

Branicks Group AG held its extraordinary general meeting virtually, achieving substantial approval for all proposed resolutions. The key agenda items included the cancellation of Contingent Capital 2022 and the establishment of Contingent Capital 2026. This maneuver is set to grant shares to outside shareholders of VIB Vermögen AG, aligning with the control and profit transfer agreement with DIC Real Estate Investments GmbH & Co.

The meeting also approved a control and profit transfer agreement between Branicks and DIC Real Estate Investments. Furthermore, shareholders agreed to reduce the Supervisory Board's size from six to five members, reflecting strategic adjustments within the company. The meeting saw representation of 49.7% of Branicks' voting share capital, highlighting active shareholder participation.