Affine: a new governance to support its strategy

Paris, 09 December 2016, 06:00 pm

Affine: a new governance to support its strategy

On December 6th, 2016, the Board of Directors of Affine decided, on the proposal of Maryse Aulagnon, to change the governance of the company and split the roles of chairman and CEO.

The objective of this change is to strengthen on one hand the strategic and control functions, and on the other hand the executive functions.

Thus, as of January 1st, 2017, Maryse Aulagnon will be appointed Chairperson of the Board. Alain Chaussard, currently co-CEO, will become CEO and will remain Vice-Chairman of the Board. Finally, Matthieu Evrard, who joined Affine in April 2016 as deputy CEO will become co-CEO and will be proposed to join the Board at the next general assembly.

Maryse Aulagnon, who remains via MAB Finances the main shareholder of Affine, will continue to fulfil certain strategic missions, in close connection with the management, such as partnerships and alliances, investments and disposals, and the representation of the company particularly in professional bodies.

ABOUTAFFINE

A REIT specialised in corporate real estate, Affine directly owns 44 buildings valued at €514m (excluding transfer fees) and totalling 357,000 sqm in surface area as at the end of June 2016. The company operates in office real estate (65%), commercial real estate (22%) and warehouses and local industry (13%). Its assets are located almost equally between the Greater Paris region and other regions.

Affine is also the principal shareholder of Banimmo, a Belgian property repositioning company that operates in Belgium and in France, in which Affine holds a 49.5% stake. At the end of June 2016, its portfolio consisted of 18 office and retail buildings valued at €359m (transfer fees included).

Total assets under the group amount to €908m (transfer fees included).

Affine has opted for SIIC (Listed Real Estate Investment Companies, or REIT) status since 2003. Affine shares are listed on NYSE Euronext Paris (Ticker: IML FP / BTTP.PA; ISIN code: FR0000036105) and are eligible for Long-Only Deferred Settlement Service. It is included in the CAC Mid & Small, IEIF SIIC and EPRA indices. Banimmo is also listed on NYSE Euronext.

For more information: www.affine.fr. Follow our news feed at: https://twitter.com/Groupe_Affine

CONTACT

INVESTOR RELATIONS

Frank Lutz

+33 (0)1 44 90 43 53 - frank.lutz@affine.fr

PRESS RELATIONS

Dentsuaegis - Alexandra Richert

+33 (0)1 45 23 55 01 - alexandra.richert@dentsuaegis.com

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