Buwog : Caroline Mocker elected to the BUWOG supervisory board

In the run-up to the 4th ordinary shareholders meeting of BUWOG AG, the supervisory board proposed to elect property expert Caroline Mocker, CEO of VIG Asset Management a.s., as a new member of the supervisory board of BUWOG AG in order to further expand property expertise on the supervisory board. The majority of eligible voters approved the proposal on 17 October 2017. The supervisory board of the company will therefore receive additional female reinforcement and now consists of a total of six elected capital representatives and three members from the works council.

'On behalf of the executive board and supervisory board, I would like to thank the shareholders of BUWOG AG, who have expressed their confidence in the company with their broad approval of the resolutions', said Vitus Eckert, chairman of the supervisory board of BUWOG AG. Daniel Riedl, CEO of BUWOG AG, adds: 'With Caroline Mocker we have on board an experienced real estate expert, who is an excellent complement for the supervisory board with her expertise in the international real estate market'. Prior to her appointment as a supervisory board member of BUWOG AG and her activity with the Vienna Insurance Group, the native of Linz managed standing real estate portfolios at Bank Austria Real Invest GmbH and was in charge of portfolio management at Bundesimmobiliengesellschaft mbH. 'I look forward to the new challenge as an elected member of the supervisory board of BUWOG AG and to acting in the interest of BUWOG AG shareholders together with my new colleagues', Caroline Mocker says.

Moreover, it is to be noted that with capital representatives and the works council BUWOG AG already fulfils the female quota of 30% on BUWOG's supervisory board.

In addition to the election of the new supervisory board member, the appropriation of the balance sheet profit stated in the financial statements was resolved at the 4th ordinary shareholders meeting. Thus the proposal of the executive board and supervisory board to again distribute a dividend of EUR 0.69 per share from the balance sheet profit of EUR 89,919,888.26 was approved. Furthermore, the selection of an auditor was an item on the agenda, as was the approval of the actions of the executive board members and the supervisory board.

Fotocredit: BUWOG / Stephan Huger

About the BUWOG Group

The BUWOG Group is the leading German-Austrian full-service provider in the residential property business and now looks back on 66 years of expertise. Its property portfolio encompasses more than 49,200 units and is located in Germany and Austria. In addition to Asset Management, the entire value chain of the residential sector is covered by Property Sales and Property Development. The shares of BUWOG AG have been listed on the stock exchanges in Frankfurt am Main, Vienna (ATX) and Warsaw since the end of April 2014.