Ordinary General Meeting 2022

VIB Vermögen AG: Ordinary General Meeting approves dividend of EUR 0.85 per share 

• Dividend increases by almost twelve percent to EUR 0.85 per share
• Management Board and Supervisory Board are discharged with a clear majority
• Court-appointed Supervisory Board members confirmed in office by election
• All items on the agenda approved in accordance with the recommendation of the administration
• Extension of the appointment of Mr. Rainer Hettmer as Management Board member until 30 June 2024

Neuburg/Danube, August 31, 2022 – Around 73% of the voting share capital was represented at this year's Ordinary General Meeting of VIB Vermögen AG, a company specialising in the development, acquisition and portfolio management of commercial properties. The joint proposal by the Management Board and the Supervisory Board to distribute a dividend of EUR 0.85 per no-par value share with dividend entitlement, either in cash or in shares, received a majority of 99.97%. This means that the dividend has increased by almost twelve percent compared to the previous year.

The actions of the Management Board members for the 2021 financial year, Mr Martin Pfandzelter and Mr Holger Pilgenröther, were ratified with an approval rate of 96.05 percent. All members of the Supervisory Board during this period were also discharged with a large majority. In addition, the members of the Supervisory Board appointed by the court as of 13 April 2022 as part of the takeover of the majority of shares in VIB Vermögen AG by DIC Asset AG, Prof. Dr. Gerhard Schmidt and Ms. Sonja Wärntges, were confirmed in office by their election.

BDO AG in Munich was elected as auditor for the fiscal year 2022 with a large majority. The proposals for the authorisation to acquire own shares and for the creation of new authorised capital also received a large majority. Based on the new authorised capital, up to 13,855,004 new shares can be issued.

"We are very pleased that our dividend proposal was approved by a large majority. This year we would like to thank our shareholders for their trust in VIB Vermögen AG with a payment of EUR 0.85 per no-par value share and, as in the previous year, leave it up to you to decide whether you would like to receive the dividend payment in cash or as a stock dividend. We are also pleased with the great support that our Supervisory Board members Ms. Sonja Wärntges and Prof. Dr. Gerhard Schmidt have received. Together with their colleagues on the Supervisory Board, Mr. Ludwig Schlosser and Mr. Jürgen Wittmann, they will perform their important tasks constructively and in a spirit of trust," commented Dirk Oehme, VIB Vermögen AG's Management Board.

In the subsequent constituent meeting of the Supervisory Board, Mr. Ludwig Schlosser was confirmed as Chairman of the Supervisory Board and Mr. Jürgen Wittmann as Deputy Chairman of the Supervisory Board. Mr. Rainer Hettmer's appointment to the Management Board was extended until June 30, 2024.

The subscription offer will be published on 31.08.2022. The subscription price and ratio will be announced on 09.09.2022. All documents regarding the stock dividend are published at https://www.vib-ag.de/en/scrip-dividend.


Contact

Investor Relations:
VIB Vermögen AG
Anja Landes-Schell
Tilly-Park 1
86633 Neuburg/Donau
Tel.: + 49 (0)8431 9077-961
Fax: + 49 (0)8431 9077-1961
E-Mail: anja.landes-schell@vib-ag.de


Profile of VIB Vermögen AG

VIB Vermögen AG is a medium-sized company specializing in the management of commercial real estate portfolios, which has been operating successfully for 25 years. The focus is on properties in the logistics/light industry and retail sectors in the economically strong southern German region. VIB's shares have been listed on the Munich (m:access) and Frankfurt (Open Market) stock exchanges since 2005.

VIB's business model is based on a "develop-or-buy-and-hold" strategy: On the one hand, VIB acquires properties that have already been let, and on the other hand, it develops new properties from scratch in order to take them over permanently into its own portfolio and generate rental income from them. In addition, VIB holds interests in companies with real estate assets.