Edition:
United States

WCM Beteiligungs und Grundbesitz AG (WCMKk.DE)

WCMKk.DE on Xetra

3.76EUR
11:36am EST
Change (% chg)

€0.00 (+0.00%)
Prev Close
€3.76
Open
€3.76
Day's High
€3.76
Day's Low
€3.72
Volume
22,971
Avg. Vol
157,611
52-wk High
€3.90
52-wk Low
€2.47

Latest Key Developments (Source: Significant Developments)

TLG Immobilien: EGM approves domination agreement between TLG and WCM​
Thursday, 23 Nov 2017 09:00am EST 

Nov 23 (Reuters) - TLG IMMOBILIEN AG ::EGM APPROVED DOMINATION AGREEMENT CONCLUDED BETWEEN TLG AND WCM AG WITH A VAST MAJORITY OF 99.99%​.‍DOMINATION AGREEMENT WILL COME INTO EFFECT AS SOON AS IT IS ENTERED INTO COMMERCIAL REGISTER OF WCM​.  Full Article

WCM Beteiligungs-und Grundbesitz 9-mth ‍FFO I up at EUR 17.7 mln
Thursday, 9 Nov 2017 01:01am EST 

Nov 9 (Reuters) - WCM BETEILIGUNGS UND GRUNDBESITZ AG ::DGAP-NEWS: WCM BETEILIGUNGS- UND GRUNDBESITZ-AG: WCM MAINTAINS PROFITABLE GROWTH IN FIRST NINE MONTHS OF 2017 - TAKEOVER BY TLG IMMOBILIEN AG PROCEEDING ON SCHEDULE.‍FORECAST FOR 2017 CONFIRMED​.‍NINE-MONTH RENTAL INCOME RISES TO EUR34.6M (PREVIOUS YEAR: EUR23.8M)​.9-MONTH ‍FFO I INCREASES TO EUR17.7M (PREVIOUS YEAR: EUR12.9M)​.  Full Article

WCM Beteiligungs- und Grundbesitz agrees terms of domination agreement with TLG IMMOBLIEN
Thursday, 5 Oct 2017 02:32am EDT 

Oct 5(Reuters) - WCM BETEILIGUNGS- UND GRUNDBESITZ-AG ::SAID ON WEDNESDAY AGREED WITH TLG IMMOBLIEN AG ON TERMS OF A DOMINATION AGREEMENT WITH TLG IMMOBLIEN AG AS DOMINATING ENTITY AND WCM AS DOMINATED ENTITY.WCM RESOLVED UPON ENTERING INTO THIS DOMINATION AGREEMENT WITH TLG IMMOBLIEN AG AND TO CALL FOR AN EXTRAORDINARY GENERAL ASSEMBLY, WHICH, INTER ALIA, SHOULD RESOLVE UPON THE ENTERING INTO THIS DOMINATION AGREEMENT.MINORITY SHAREHOLDERS OF WCM TO RECEIVE ANNUAL COMPENSATION PAYMENT IN FORM A OF GUARANTEE DIVIDEND IN GROSS AMOUNT OF EUR 0.13 PER SHARE LESS ANY CORPORATE INCOME TAX AND SOLIDARITY SURCHARGE AT THE PREVAILING RATE FOR THE RELEVANT FISCAL YEAR.MINORITY SHAREHOLDERS SHALL RECEIVE COMPENSATION OFFER FOR ACQUISITION OF THEIR WCM-SHARES AGAINST ISSUANCE OF NEW SHARES OF TLG IMMOBILIEN AG WITH NOMINAL VALUE OF EUR 1.00 OF SHARE CAPITAL WITH EXCHANGE RATIO OF 4 NEW SHARES OF TLG IMMOBILIEN AG FOR EACH 23 WCM-SHARES.MEMBERS OF THE SUPERVISORY BOARD OF WCM RAINER LAUFS, CHAIRMAN OF THE SUPERVISORY BOARD, BERND GÜNTHER, CHRISTIAN SCHEDE, ARTHUR WIENER AND NICOLA SIEVERS HAVE RESIGNED FROM SUPERVISORY BOARD WITH EFFECT AS OF END OF GENERAL ASSEMBLY ON 17 NOVEMBER 2017.EXTRAORDINARY GENERAL ASSEMBLY ON 17 NOVEMBER 2017 SHALL RESOLVE ON THE REDUCTION OF THE SUPERVISORY BOARD TO THREE MEMBERS.  Full Article

TLG Immobilien says provisions for domination agreement agreed
Thursday, 5 Oct 2017 02:26am EDT 

Oct 5 (Reuters) - TLG IMMOBILIEN AG ::MANAGEMENT BOARDS OF TLG IMMOBILIEN AND WCM, WITH THE CONSENT OF THE SUPERVISORY BOARDS OF TLG IMMOBILIEN AND WCM, HAVE AGREED ON THE PROVISIONS FOR THE DOMINATION AGREEMENT.TO CONVENE EXTRAORDINARY GENERAL MEETING, WHICH, INTER ALIA, SHALL RESOLVE UPON THE APPROVAL TO ENTER INTO DOMINATION AGREEMENT.DOMINATION AGREEMENT PROVIDES THAT OUTSIDE SHAREHOLDERS OF WCM SHALL RECEIVE AN ANNUAL COMPENSATION PAYMENT IN THE FORM OF A GUARANTEED DIVIDEND IN A GROSS AMOUNT OF EUR 0.13 PER WCM SHARE FOR THE DURATION OF THE DOMINATION AGREEMENT.OUTSIDE SHAREHOLDERS OF WCM SHALL RECEIVE AN OFFER FOR THE ACQUISITION OF THEIR WCM SHARES IN EXCHANGE FOR NEWLY ISSUED NO PAR VALUE BEARER SHARES OF TLG IMMOBILIEN WITH A NOTIONAL SHARE IN THE SHARE CAPITAL OF EUR 1.00 EACH FOR AN EXCHANGE RATIO OF 4 NEW NO PAR VALUE SHARES OF TLG IMMOBILIEN FOR EVERY 23 WCM SHARES.  Full Article

86% of WCM's shareholders accept TLG Immobilien takeover offer
Wednesday, 4 Oct 2017 10:41am EDT 

Oct 4 (Reuters) - TLG IMMOBILIEN AG ::DGAP-NEWS: 86% OF WCM'S SHAREHOLDERS HAVE ACCEPTED TLG IMMOBILIEN AG'S TAKEOVER OFFER.‍AS A RESULT OF APPROX. 86% ACCEPTANCE RATE, TLG IMMOBILIEN WILL ISSUE 20,435,708 NEW NO-PAR VALUE BEARER SHARES​.‍EXPECTS TO REALIZE COST SYNERGIES OF APPROX. EUR 5 M P.A. ON FULLY PHASED-IN BASIS, ASSUMING DOMINATION AGREEMENT IS CONCLUDED BETWEEN TLG AND WCM​.  Full Article

TLG Immobilien says takeover offer accepted by approx. 78 pct of WCM shareholders
Tuesday, 12 Sep 2017 10:31am EDT 

Sept 12 (Reuters) - TLG IMMOBILIEN AG :DGAP-NEWS: APPROX. 78% OF WCM SHAREHOLDERS ACCEPT THE TAKEOVER OFFER BY TLG IMMOBILIEN AG WITHIN THE REGULAR ACCEPTANCE PERIOD.‍ADDITIONAL WCM SHARES CAN NOW BE TENDERED DURING ADDITIONAL ACCEPTANCE PERIOD FROM SEPT 13 UNTIL SEPT 26​.WCM SHAREHOLDERS CAN EXCHANGE FOR EVERY 5.75 WCM SHARES ONE NEW SHARE OF TLG IMMOBILIEN AG​.  Full Article

WCM Beteiligungs Und Grundbesitz AG H1 gross asset value up by 21.0 pct
Monday, 14 Aug 2017 02:47pm EDT 

Aug 14 (Reuters) - Wcm Beteiligungs Und Grundbesitz Ag :WCM continues to grow in h1 2017 - TLG Immobilien AG submits attractive takeover bid for WCM.H1 gross asset value up by 21.0 pct to EUR801.0m.H1 rental income rises to EUR22.7 (EUR15.4m in h1 2016).Reiterates forecast regarding ffo of eur23m to eur24m.Rental income for 2017 is expected to rise to upper end or slightly above communicated range of eur42m to eur44m.  Full Article

TLG Immobilien launches public takeover offer for all WCM shares
Tuesday, 27 Jun 2017 01:33am EDT 

June 27 (Reuters) - TLG IMMOBILIEN AG ::LAUNCHES PUBLIC TAKEOVER OFFER FOR ALL WCM SHARES.‍TLG IMMOBILIEN COMMITS TO ACQUIRE ALL WCM SHARES BY EXCHANGING 1 NEW TLG IMMOBILIEN SHARE FOR EVERY 5.75 WCM SHARES (4:23)​.‍STARTING TODAY, WCM SHAREHOLDERS CAN TENDER THEIR SHARES DURING ACCEPTANCE PERIOD UNTIL 5 SEPTEMBER 2017​.‍NEW TLG IMMOBILIEN SHARES TO FINANCE TRANSACTION TO COME FROM EXISTING AUTHORIZED CAPITAL​.  Full Article

WCM Beteiligungs- und Grundbesitz Q1 FFO I up to EUR 5.8 mln
Tuesday, 16 May 2017 01:29am EDT 

May 16 (Reuters) - WCM BETEILIGUNGS- UND GRUNDBESITZ-AG ::SAID ON MONDAY Q1 RENTAL INCOME RISES TO EUR10.8M (PREV. YEAR: EUR7.7M).Q1 FUNDS FROM OPERATIONS (FFO I) WERE ALSO SIGNIFICANTLY HIGHER AT EUR5.8M IN COMPARISON TO THE EUR4.4M IN THE COMPARABLE PERIOD OF THE PREVIOUS YEAR.Q1 EPRA NET ASSET VALUE (NAV) WAS RAISED TO EUR371.8M OR EUR2.75 PER SHARE COMPARED TO EUR345.4M OR EUR2.62 PER SHARE AT THE 31 DECEMBER 2016.GUIDANCE CONFIRMED, EXCEPTIONAL PERSPECTIVES DUE TO ENVISAGED TRANSACTION WITH TLG.IN COMBINATION WITH THE RELEASE OF THE POSITIVE Q1 REPORT THE MANAGEMENT BOARD REITERATES THE FORECASTS REGARDING FFO AND RENTAL INCOME FOR 2017.ON THE BACK OF THE PUBLISHED RESULTS, THE COMPANY EXPECTS THE 2017 FFO TO RANGE BETWEEN EUR23M TO EUR24M. RENTAL INCOME IS EXPECTED TO RISE TO EUR42M AND EUR44M.  Full Article

WCM Beteiligungs Und Grundbesitz sees FY 2017 FFO I of 23-24 mln euros
Tuesday, 25 Apr 2017 06:50am EDT 

April 25 (Reuters) - WCM Beteiligungs Und Grundbesitz AG ::Testified 2016 results show profitable growth and confirm preliminary numbers - dividend proposal of 0.10 euros per share.First dividend of 0.10 euros for business year 2016 envisaged.FFO I for 2017 between 23.0 million and 24.0 million euros projected including recently closed transactions.Plans to continue with its portfolio expansion in 2017 and projects a FFO I between 23 million euros and 24 million euros including already executed transactions.2017 outlook: rental income is expected to grow to 42 million euros and 44 million euros.  Full Article

BRIEF-TLG Immobilien: EGM approves domination agreement between TLG and WCM​

* EGM APPROVED DOMINATION AGREEMENT CONCLUDED BETWEEN TLG AND WCM AG WITH A VAST MAJORITY OF 99.99%​