Shareholders approve capital decrease
The shareholders of sitEX Properties AG followed the recommendations of the Board of Directors at the Annual General Meeting. 93.21% of the outstanding shares were represented at the meeting. All resolutions were approved unanimously.
In particular, the proposed ordinary share capital decrease in the amount of CHF 10.916 million from currently CHF 56.938 million to CHF 46.022 million and the simultaneous annulment of 545,800 sitEX shares with a nominal value of CHF 20 each was accepted. The reduction amount will be used to transfer the shares of the newly established OAK Investment Holding AG currently held by the Company to four sitEX shareholders who have tendered their 545,800 sitEX shares.
With the transfer of the shares of OAK Investment Holding AG, the Board of Directors of sitEX Properties AG underlines the geographical focus of the company on Switzerland and Central Florida (USA) which was defined last year.
June 7, 2018