Implenia: AGM gives green light for Ina Invest
Implenia's 2020 Annual General Meeting has approved all of the Board of Directors' proposals. This will allow the construction company to outsource part of its development portfolio to the new Ina Invest.
Implenia's Annual General Meeting had to be held without the physical presence of shareholders due to the coronavirus crisis. However, the shareholders approved all the proposals of the Board of Directors through the independent proxy.
With 96.55% votes in favor, the proposal for an extraordinary distribution of a dividend in kind to implement the spin-off of Ina Invest Holding Ltd. met with extremely strong approval, Implenia announced. The company can thus transfer half of its development portfolio - valued at market prices - to the newly founded real estate company. Implenia will remain a minority shareholder with a stake of at least 40%. The plan is for Ina Invest Holding to be listed on the Six Swiss Exchange in June The Board of Directors is monitoring current developments on the capital markets and will adjust this timetable if necessary, Implenia announced.
The current members of the Board of Directors Hans Ulrich Meister (Chairman), Kyrre Olaf Johansen, Henner Mahlstedt, Ines Pöschel, Laurent Vulliet, Martin A. Fischer and Barbara Lambert were confirmed for a further term of office with an approval rate of over 98%. The shareholders also approved the distribution of an ordinary dividend of CHF 0.75 per share (previous year: CHF 0.50) with an approval rate of 99.53%.
The shareholders also approved the relocation of the headquarters from Dietlikon to Opfikon (ZH). Implenia plans to consolidate its various locations in the Zurich area at its new headquarters in Ambassador House in Opfikon in the course of 2021. (ah)
