INA INVEST AG Approval of the annual financial statement 2023
Simplification of the company structure
Confirmation of the current members of the Board of Directors
Glattpark (Opfikon), 3 April 2024 - Ina Invest Holding Ltd's Annual General Meeting of Shareholders, held today, approved all proposals made by the Board of Directors by a large majority. By a high vote, shareholders approved, among other things, the Annual Report, the Annual and Consolidated Financial Statements and the Compensation Report 2023, as well as the Board of Directors' proposal for the appropriation of net profit.
The shareholders also approved the merger of Ina Invest Holding Ltd with Ina Invest Ltd with an approval rate of 99.64%. The simplification of the company structure will lead, for example, to annual cost savings in administrative expenses and improved transparency in financial reporting. The merger will also result in an increase in market capitalisation of around 40%. All amendments to the Articles of Association in connection with the merger and the ordinary capital increase were also approved by a large majority.
All existing members of the Board of Directors, Stefan Mächler (Chair), Christoph Caviezel, Marie-Noëlle Zen-Ruffinen, Hans Ulrich Meister and André Wyss, were confirmed for a further term of office with an approval rate of more than 94%. This demonstrates the great confidence of the shareholders in the Board of Directors and in the strategy of Ina Invest.
Contact for investors and analysts
Marc Pointet, CEO
T +41 44 552 97 17
investors@ina-invest.com
Contact for media
Corporate Communications
T +41 44 552 97 27
communications@ina-invest.com
Ina Invest is an independent Swiss real estate company that develops sustainable spaces to live, work and relax in, with a focus on hybrid real estate that ensures long-term flexibility of use and profitability. Ina Invest, which was created as a spin-off from Implenia, now has one of the largest and most high-potential development portfolios on the Swiss market. The properties are situated in high-quality locations and can be used in a variety of ways. Ina Invest plans to keep on investing and growing while maintaining an above-average development ratio and at least 50% residential space in its portfolio. Ina Invest achieves the highest sustainability standards by taking a holistic approach to sustainability across all parts of the value chain. In addition, the GRESB Real Estate Development Benchmark Assessment found that Ina Invest is one of the most sustainable company in its peer group in Western Europe. Ina Invest has been listed on the SIX Swiss Exchange since June 2020 (INA, CH0524026959). Further information is available at ina-invest.com.
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Ina Invest Holding AG published this content on 03 April 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 April 2024 15:59:01 UTC.
