PROLOGIS EURO PROP : pean Properties : Results of Annual General Meeting 2012
06/27/2012| 05:05am US/Eastern
Results of Annual General Meeting 2012
Luxembourg - 27 June 2012 - ProLogis European Properties (Euronext: PEPR), one of Europe's largest owners of modern distribution facilities, announces that at its Annual General Meeting, held today, all resolutions were passed.
Final voting position:
| Resolution number || For || Against || Abstention || Not Present |
| 1 || Approval of the financial accounts of PEPR for the year ending 31 December 2011 || 205,196,033 || 0 || 0 || 1,051,407 |
| 2 || Appointment of KPMG Audit S.à r.l. as independent auditor for a term of one year until the annual general meeting of PEPR to be held in 2013 || 205,196,033 || 0 || 0 || 1,051,407 |
| 3 || Re-election of Mr. Didier Cherpitel as Independent Board Member for a term of three years || 205,196,033 || 0 || 0 || 1,051,407 |
| 4 || Resolution to wind-up PEPR in accordance with the revised Article 20 of the Management Regulations and confirmation of the appointment of the Management Company as liquidator || 205,196,033 || 0 || 0 || 1,051,407 |
Total ordinary units in issue as at 22 June 2012: 206,247,440.
With regard to Item 4, the winding up of PEPR, Prologis, Inc. ("Prologis") has indicated that it will opt for an in specie distribution of assets. As part of this undertaking, Prologis will assume responsibility for all liabilities of PEPR.
As at 26 June 2012, Prologis owns 99.5% of the ordinary units and 98.6% of the preferred units of PEPR.
For further information, please contact:
+44 207 518 8708
+44 20 7920 2349
About ProLogis European Properties (PEPR)
ProLogis European Properties, or PEPR, is one of the largest pan-European owners of high quality distribution and logistics facilities. PEPR was established in 1999 as a closed-end, real estate investment fund, externally managed by a subsidiary of Prologis, Inc. (NYSE: PLD), a leading global provider of industrial distribution facilities. In September 2006, ordinary units in PEPR were listed on the Luxembourg Stock Exchange and Euronext Amsterdam.
As at 31 March 2012, PEPR has a portfolio of 210 buildings, covering 4.5 million square metres in 11 European countries, with a market value of €2.5 billion. The portfolio has an occupancy level of 93.6% and an average of 3.0 years to the next lease break or 5.1 years to lease expiry.
Click here for PDF version of release:
This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.
Source: ProLogis European Properties via Thomson Reuters ONE