MountainPeak Trading Limited
MountainPeak: Statement on proposed resolution regarding amendment of Articles of Association of conwert Immobilien Invest SE (agenda item 7)
MountainPeak / Key word(s): AGM/EGM Press Release MountainPeak – statement on proposed resolution regarding amendment of Articles of Association of conwert Immobilien Invest SE (agenda item 7) – MountainPeak undertakes to vote in favour of agenda item 7 at the Annual General Meeting
London, 27 May 2015 – MountainPeak Trading Limited (“MountainPeak”) is encouraged by the positive response it has received from various shareholders since it became a 24.79% shareholder in conwert. MountainPeak fully supports strong corporate governance and transparency. MountainPeak’s sole interest is to create value for all stakeholders. Its proposed candidates for the Administrative Board share that objective and will, if elected, put the interests of conwert first as they are required to do by law. With a strong and independent Administrative Board in place, related party transactions should be dealt with appropriately and in the interest of all conwert’s stakeholders. It is regrettable that the history of conwert is such that some stakeholders feel the need to implement a resolution of this kind, which in MountainPeak’s view is outside normal practice. MountainPeak has not had any involvement in conwert’s history, but appreciates conwert’s historical perception issues and undertakes to vote in favour of agenda item 7 at the Annual General Meeting on 5 June 2015.
MountainPeak Trading Limited is part of the Teddy Sagi Group. The group is headed by Teddy Sagi, an experienced Israeli business founder, technology and real estate entrepreneur. Teddy Sagi’s operations encompass international property assets, online infrastructure, software and digital advertising, global foreign exchange trading technology and online payment provision, and employ thousands of people across the globe. The value of the Teddy Sagi Group currently exceeds EUR 4.3bn. The Teddy Sagi Group (“Group”) has a long track record in the real estate sector in the UK, Germany and other markets. In the UK, the Group’s most significant asset is an 87 percent shareholding in Market Tech Holdings plc, which was floated on 22 December 2014 at an offering price of 200p before climbing to over 270p in under 6 months and has generated a total shareholder return of 36%. Market Tech Holdings plc’s current market cap is c. £1 billion. In Germany, the Group founded, held and sold majority stakes in Grand City Properties listed on the Frankfurt Stock Exchange, ultimately leading to the foundation of the Grand City Hotels chain. The total shareholder return Grand City Properties has generated since IPO on 29 May 2012 is 441%. On May 12 2015, at the London Park Lane Hilton, Mr Sagi was honoured with the prestigious award of Entrepreneur of The Year at the renowned Variety Club Props Award, recognising his contribution to the global real estate industry.
Media contact: Hedan Orenstein +972 3 6081525 hedan@rcspr.co.il
CNC Communications & Network Consulting +49 89 599 458 148 arjan.vlaskamp@cnc-communications.com
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362315 2015-05-27 |