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Press Releases of 12/29/2018

Ad Hoc Announcement: Corestate Capital Holding S.A.: CORESTATE terminates employment of Michael Bütter

Corestate Capital Holding S.A. terminates the employment of Michael Bütter and revokes the employment contract by the end of the year. Until further notice, CEO's responsibilities will be assumed by the two Board Members Lars Schnidrig and Thomas Landschreiber. Lars Schnidrig temporarily assumes the function of the Chairman of the Management Board.

 

 

CORESTATE terminates employment of Michael Bütter

Corestate Capital Holding S.A. terminates the employment of Michael Bütter and revokes the employment contract by the end of the year.

Until further notice, CEO's responsibilities will be assumed by the two Board Members Lars Schnidrig and Thomas Landschreiber. Lars Schnidrig temporarily assumes the function of the Chairman of the Management Board.

The separation of Dr. Bütter neither has any conjunction with the operational performance nor with the strategic orientation of the company. The guidance, raised in November 2018, and the indication for the dividend for fiscal year 2018 remain unchanged. Thus, the company expects aggregated revenues1 of EUR 270 to 280 million, adjusted EBITDA1 of EUR 160 to 170 million and adjusted net income1 of EUR 125 to 135 million. It is considered to propose a dividend of EUR 2.50 per share.

1 Please see for further details on our performance indicators on page 2 of our Q3 statement 2018


IR Contact
Dr. Kai Gregor Klinger
Head of Investor Relations and Capital Markets
T: +49 69 3535630106 / M: +49 152 22755400
ir@corestate-capital.com

 

04/12/2019

Ad Hoc Announcement: Corestate Capital Holding S.A. resolves on implementation of second tranche of announced share buy-back programme

04/04/2019

CORESTATE acquires further value-add commercial property in Munich

CORESTATE has acquired a further value-add commercial property in Munich with an investment volume of around EUR 54 million. The value creation potential of the property will be leveraged as part of CORESTATE’s manage-to-core strategy. The deal has already been signed, closing is scheduled for the end of May 2019.

04/01/2019

Ad Hoc Announcement: CORESTATE Capital Holding S.A. resolves on share buy-back programme

The management board of CORESTATE Capital Holding S.A. with its registered office in Luxembourg, ISIN LU1296758029 (the "Company") today resolved, with the consent of the supervisory board, to make use of the authorisation to purchase treasury shares as resolved by the annual general meeting of the Company on 27 April 2018 and to purchase up to 500,000 treasury shares in the period from 1 April 2019 to (and including) 25 April 2019.