The General Meeting of Shareholders of TERREÏS took place this morning, chaired by Jacky Lorenzetti, Chairman of the Company. All the proposed resolutions were approved.
Besides the approval of 2009 accounts, both consolidated and of the parent company, shareholders ratified the proposal of a dividend of ¤0.46 related to the 2009 fiscal year. Taking into account the payment of ¤0.22 in last November, the balance due will be paid on 18 June.
The Shareholders Meeting also ratified the appointment of Mr. Jacques Ferran as Director.
The meeting also gave the opportunity to the Chairman to confirm the good outlook for the current exercise. The last promises to acquire real estate assets already signed should be concretised between now and the end of June, and will lead TERREÏS to achieve rental income of ¤21 millions in 2010 (excluding any new acquisition from now to the end of the year), which represents an increase by 55% compared to last year. Chairman also firmly stated that he will continue to take advantage of good acquisition and financing conditions to increase TERREÏS portfolio, in line with the selective and opportunistic strategy.
Next publication: Sales for the first half of 2010: 27 July 2010.
Contact: Emmanuel Pineau, General Manager OVALTO Investissement
Tel: +33(0)1 55 52 57 71
About Terreïs (www.terreis.fr)
Terreïs is a property company whose asset portfolio contains small and medium sized offices and commercial premises, mostly in central locations in Paris and the main French regional cities. Terreïs will grow by drawing on the considerable reservoir of commercial leases currently managed by branches of the Foncia group and through acquisitions facilitated by the network of business sources that these branches represent. Terreïs has been listed in the C Compartment of Eurolist by Euronext Paris since December 2006, and adopted the listed property company regime (régime des sociétés d'investissement immobilier cotées or SIIC) from 1 January 2007.
ISIN Code: FR0010407049 - Mnemonique Code: TERInformation non réglementée
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