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Corporate and Ad-hoc News of
CORESTATE Capital Holding S.A.

IR Contact
Dr. Kai G. Klinger
Head of Investor Relations
Tel. +49 69 3535630 107
ir@corestate-capital.com
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Ad-hoc News

2019‑04‑12
Corestate Capital Holding S.A. resolves on implementation of seco ...

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Corestate Capital Holding S.A. resolves on implementation of second tranche of announced share buy-back programme

04/12/2019

DGAP-Ad-hoc: Corestate Capital Holding S.A. resolves on implementation of second tranche of announced share buy-back programme

Corestate Capital Holding S.A. / Key word(s): Share Buyback
Corestate Capital Holding S.A. resolves on implementation of second tranche of announced share buy-back programme

12-Apr-2019 / 20:12 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Publication of inside information pursuant to article 17 of Regulation (EU) No. 596/2014
SIMULTANEOUS PUBLICATION CORRESPONDING TO ARTICLE 5 (1) (A) OF REGULATION (EU) NO 596/2014 AND ARTICLE 2 (1) OF DELEGATED REGULATION (EU) NO 2016/1052 // SHARE BUY-BACK PROGRAMME

CORESTATE Capital Holding S.A. resolves on implementation of second tranche of announced share buy-back programme
  • Implementation of second tranche from 15 April 2019 to (and including) 25 April 2019 with a price ranging between EUR 36.17 and EUR 39.98 within the scope of the share buy-back programme resolved
  • Buy-back programme for up to 500,000 shares with a term from 1 April 2019 to and including 25 April 2019
  • Share buy-back to be effected over the stock exchange (XETRA-trading of the Frankfurt stock exchange)
Luxembourg, 12 April 2019 - The management board of CORESTATE Capital Holding S.A. with its registered office in Luxembourg, ISIN LU1296758029 (the "Company") resolved on 1 April 2019, with the consent of the supervisory board, to make use of the authorisation to purchase treasury shares as resolved by the annual general meeting of the Company on 27 April 2018 and to purchase up to 500,000 treasury shares in the period from 1 April 2019 to (and including) 25 April 2019. The share buy-back programme was divided into one or two tranches. The first tranche covered the period from 1 April 2019 up to and including 12 April 2019. In line with the authorisation granted by the general meeting, repurchased shares must be purchased at a price not exceeding or falling short of the market price per repurchased share as prevailing on the trading day immediately preceding the buy-back resolution of the management board by more than 5%. The maximum aggregate purchase price for which treasury shares are to be purchased by CORESTATE Capital Holding S.A. within the scope of the share buy-back programme of 1 April 2019 is up to EUR 18,505,000 (without ancillary acquisition costs). The share buy-back will be effected over the stock exchange (XETRA-trading of the Frankfurt stock exchange).
The management board today resolved, with the consent of the supervisory board, to implement a second tranche within the scope of the share buy-back programme. For this tranche running from 15 April 2019 to (and including) 25 April 2019, the Company has fixed the buy-back price, based on the volume-weighted average price of the Company's share in XETRA trading on 11 April 2019, to be between EUR 36.17 and EUR 39.98 per share.
The share buy-back will be implemented by a credit institution. The credit institution for this purpose will make its decisions on the timing of the share purchase independently and without being influenced by the Company. In addition, the bank has in particular undertaken to comply with the conditions for trading of article 3 of Delegated Regulation (EU) 2016/1052. Under these conditions, shares may, among other things, not be purchased at a price higher than the higher of the price of the last independent trade and the highest current independent purchase bid existing at the time of the purchase on the trading venue where the purchase is carried out. Moreover, the number of shares to be purchased on any day must not exceed 25% of the average daily volume of shares traded on the trading venue on which the purchase is carried out. The average volume of shares traded results from the average daily trading volume in the 20 trading days preceding the specific day of purchase. Buy-back orders will only be placed during continuous trading and not in the context of auction phases, and orders existing at the beginning of an auction phase will not be changed during this phase.
To the extent required and legally permitted, the share buy-back process may be suspended and recommenced at any time.
The treasury shares will be repurchased for legally permitted purposes. The Company intends in particular to use the repurchased treasury shares as acquisition currency for external growth.
Information on the transactions relating to the share buy-back programme will be reported in a manner meeting the requirements of article 2 of Delegated Regulation (EU) 2016/1052 no later than after the seventh daily market session following the execution of a transaction and published on the Company's website under www.ir.corestate-capital.com.
 
IR Contact       
Dr. Kai Gregor Klinger
Head of Investor Relations and Capital Markets           
T: +49 69 3535630106 / M: +49 152 22755400
ir@corestate-capital.com
 

12-Apr-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de



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2019‑04‑01
CORESTATE Capital Holding S.A. resolves on share buy-back program ...

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CORESTATE Capital Holding S.A. resolves on share buy-back programme

04/01/2019

DGAP-Ad-hoc: CORESTATE Capital Holding S.A. resolves on share buy-back programme

Corestate Capital Holding S.A. / Key word(s): Share Buyback
CORESTATE Capital Holding S.A. resolves on share buy-back programme

01-Apr-2019 / 11:01 CET/CEST
Correction of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


CORESTATE Capital Holding S.A. resolves on share buy-back programme
  • Buy-back programme for up to 500,000 shares in one or two tranches with a term up to and including 25 April 2019
  • Tranche from 1 April 2019 to (and including) 12 April 2019 with a price ranging between EUR 33.36 and EUR 36.87
  • Share buy-back to be effected over the stock exchange (XETRA-trading of the Frankfurt stock exchange)
Luxembourg, 1 April 2019 - The management board of CORESTATE Capital Holding S.A. with its registered office in Luxembourg, ISIN LU1296758029 (the "Company") today resolved, with the consent of the supervisory board, to make use of the authorisation to purchase treasury shares as resolved by the annual general meeting of the Company on 27 April 2018 and to purchase up to 500,000 treasury shares in the period from 1 April 2019 to (and including) 25 April 2019. In line with the authorisation granted by the general meeting, repurchased shares must be purchased at a price not exceeding or falling short of the market price per repurchased share as prevailing on the trading day immediately preceding the buy-back resolution of the management board by more than 5%. The maximum aggregate purchase price for which treasury shares are to be purchased by CORESTATE Capital Holding S.A. is up to EUR 18,505,000 (without ancillary acquisition costs). The share buy-back will be effected over the stock exchange (XETRA-trading of the Frankfurt stock exchange). The share buy-back programme will be divided into one or two tranches. For the tranche running from 1 April 2019 to (and including) 12 April 2019, the Company has fixed the buy-back price, based on the volume-weighted average price of the Company's share in XETRA trading on 29 March 2019, to be between EUR 33.36 and EUR 36.87 per share (correction of the ad hoc notification as of today, 8:14 am CET, according to which the price range was erroneously stated to be between EUR 33.49 and EUR 37.01 per share). In due course the management board will decide whether there will be a further tranche. In addition, the management board may decide whether there will be a further share buy-back programme based on a potential new authorisation to purchase treasury shares if and when resolved by the annual general meeting of the Company on 26 April 2019.
The share buy-back will be implemented by a credit institution. The credit institution for this purpose will make its decisions on the timing of the share purchase independently and without being influenced by the Company.
In addition, the bank has in particular undertaken to comply with the conditions for trading of article 3 of Delegated Regulation (EU) 2016/1052. Under these conditions, shares may, among other things, not be purchased at a price higher than the higher of the price of the last independent trade and the highest current independent purchase bid existing at the time of the purchase on the trading venue where the purchase is carried out. Moreover, the number of shares to be purchased on any day must not exceed 25% of the average daily volume of shares traded on the trading venue on which the purchase is carried out. The average volume of shares traded results from the average daily trading volume in the 20 trading days preceding the specific day of purchase. Buy-back orders will only be placed during continuous trading and not in the context of auction phases, and orders existing at the beginning of an auction phase will not be changed during this phase.
To the extent required and legally permitted, the share buy-back process may be suspended and recommenced at any time.
The treasury shares will be repurchased for legally permitted purposes. The Company intends in particular to use the repurchased treasury shares as acquisition currency for external growth.
Information on the transactions relating to the share buy-back programme will be reported in a manner meeting the requirements of article 2 of Delegated Regulation (EU) 2016/1052 no later than after the seventh daily market session following the execution of a transaction and published on the Company's website under www.ir.corestate-capital.com.
 
IR Contact      
Dr. Kai Gregor Klinger          
Head of Investor Relations and Capital Markets       
T: +49 69 3535630106 / M: +49 152 22755400       
ir@corestate-capital.com
 

01-Apr-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de



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2019‑04‑01
CORESTATE Capital Holding S.A. resolves on share buy-back program ...

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CORESTATE Capital Holding S.A. resolves on share buy-back programme

04/01/2019

DGAP-Ad-hoc: CORESTATE Capital Holding S.A. resolves on share buy-back programme

Corestate Capital Holding S.A. / Key word(s): Share Buyback
CORESTATE Capital Holding S.A. resolves on share buy-back programme

01-Apr-2019 / 08:14 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


CORESTATE Capital Holding S.A. resolves on share buy-back programme
  • Buy-back programme for up to 500,000 shares in one or two tranches with a term up to and including 25 April 2019
  • Tranche from 1 April 2019 to (and including) 12 April 2019 with a price ranging between EUR 33.49 and EUR 37.01
  • Share buy-back to be effected over the stock exchange (XETRA-trading of the Frankfurt stock exchange)
Luxembourg, 1 April 2019 - The management board of CORESTATE Capital Holding S.A. with its registered office in Luxembourg, ISIN LU1296758029 (the "Company") today resolved, with the consent of the supervisory board, to make use of the authorisation to purchase treasury shares as resolved by the annual general meeting of the Company on 27 April 2018 and to purchase up to 500,000 treasury shares in the period from 1 April   2019 to (and including) 25 April 2019. In line with the authorisation granted by the general meeting, repurchased shares must be purchased at a price not exceeding or falling short of the market price per repurchased share as prevailing on the trading day immediately preceding the buy-back resolution of the management board by more than 5%. The maximum aggregate purchase price for which treasury shares are to be purchased by CORESTATE Capital Holding S.A. is up to EUR 18,505,000 (without ancillary acquisition costs). The share buy-back will be effected over the stock exchange (XETRA-trading of the Frankfurt stock exchange). The share buy-back programme will be divided into one or two tranches. For the tranche running from 1 April  2019 to (and including) 12 April 2019, the Company has fixed the buy-back price, based on the volume-weighted average price of the Company's share in XETRA trading on 29 March 2019, to be between EUR 33.49 and EUR 37.01 per share. In due course the management board will decide whether there will be a further tranche. In addition, the management board may decide whether there will be a further share buy-back programme based on a potential new authorisation to purchase treasury shares if and when resolved by the annual general meeting of the Company on 26 April 2019.
The share buy-back will be implemented by a credit institution. The credit institution for this purpose will make its decisions on the timing of the share purchase independently and without being influenced by the Company.
In addition, the bank has in particular undertaken to comply with the conditions for trading of article 3 of Delegated Regulation (EU) 2016/1052. Under these conditions, shares may, among other things, not be purchased at a price higher than the higher of the price of the last independent trade and the highest current independent purchase bid existing at the time of the purchase on the trading venue where the purchase is carried out. Moreover, the number of shares to be purchased on any day must not exceed 25% of the average daily volume of shares traded on the trading venue on which the purchase is carried out. The average volume of shares traded results from the average daily trading volume in the 20 trading days preceding the specific day of purchase. Buy-back orders will only be placed during continuous trading and not in the context of auction phases, and orders existing at the beginning of an auction phase will not be changed during this phase.
To the extent required and legally permitted, the share buy-back process may be suspended and recommenced at any time.
The treasury shares will be repurchased for legally permitted purposes. The Company intends in particular to use the repurchased treasury shares as acquisition currency for external growth.
Information on the transactions relating to the share buy-back programme will be reported in a manner meeting the requirements of article 2 of Delegated Regulation (EU) 2016/1052 no later than after the seventh daily market session following the execution of a transaction and published on the Company's website under www.ir.corestate-capital.com.
 
IR Contact      
Dr. Kai Gregor Klinger          
Head of Investor Relations and Capital Markets       
T: +49 69 3535630106 / M: +49 152 22755400       
ir@corestate-capital.com
 

01-Apr-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de



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2019‑03‑21
CORESTATE appoints Lars Schnidrig as its new Chief Executive Offi ...

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CORESTATE appoints Lars Schnidrig as its new Chief Executive Officer and extends management contract with Thomas Landschreiber - management structure sustainably aligned

03/21/2019

DGAP-Ad-hoc: CORESTATE appoints Lars Schnidrig as its new Chief Executive Officer and extends management contract with Thomas Landschreiber - management structure sustainably aligned

Corestate Capital Holding S.A. / Key word(s): Personnel
CORESTATE appoints Lars Schnidrig as its new Chief Executive Officer and extends management contract with Thomas Landschreiber - management structure sustainably aligned

21-March-2019 / 08:32 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


CORESTATE appoints Lars Schnidrig as its new Chief Executive Officer and extends management contract with Thomas Landschreiber - management structure sustainably aligned
 
The Supervisory Board of CORESTATE Capital Holding S.A. ("CORESTATE") today appointed Lars Schnidrig Chairman of the Management Board and Chief Executive Officer (CEO) of the Company for a four-year term effective April 1, 2019. The 46-year-old former Chief Financial Officer holds the position of CEO and Chairman of the Management Board on an interim basis since 31 December 2018.
 
Furthermore, the Supervisory Board is extending the appointment of Thomas Landschreiber as Chief Investment Officer for another three years. With this step, the management structure of the Group is being sustainably aligned. From now on, Lars Schnidrig will be responsible for the strategic direction of the CORESTATE Group and, among other topics, for the central areas of M&A, Finance, Investor Relations, Legal Affairs and Human Resources. Thomas Landschreiber will continue to be in charge of the Group's operating business, focusing on equity raising and investment management.
 
 
 

21-March-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de



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Corporate News

2019‑02‑14
Corestate Capital Holding S.A.: Preliminary figures for 2018: COR ...

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Corestate Capital Holding S.A.: Preliminary figures for 2018: CORESTATE exceeds raised forecast

02/14/2019

DGAP-News: Corestate Capital Holding S.A.: Preliminary figures for 2018: CORESTATE exceeds raised forecast

DGAP-News: Corestate Capital Holding S.A. / Key word(s): Preliminary Results

14.02.2019 / 06:59
The issuer is solely responsible for the content of this announcement.


Preliminary figures for 2018: CORESTATE exceeds raised forecast
  • Aggregated revenues increase by 50% to EUR 292 million,
    adjusted EBITDA of EUR 184 million (+50%),
    adjusted net profit of EUR 135 million (+45%)
  • Assets under management increased to more than EUR 25 billion
  • Net debt significantly reduced over the course of the year
  • Forecast for 2019: Further profitable growth in the core business
  • Increase of the dividend proposal to EUR 2.50 per share reaffirmed
CORESTATE Capital Holding S.A. (CORESTATE), a leading European real estate investment manager, according to its preliminary figures for fiscal year 2018, partly significantly exceeded the forecast it raised in November. Accordingly, aggregated revenues increased from EUR 195 million to EUR 292 million. Adjusted EBITDA rose to EUR 184 million compared to EUR 123 million in the previous year, while adjusted net profit increased to EUR 135 million (previous year: EUR 93 million). Assets under management (AuM) rose by more than 15% in excess of EUR 25 billion. At the same time, the core business, Real Estate AuMs, grew organically by more than 9%. CORESTATE has thus very successfully completed its first full fiscal year following the major acquisitions Hannover Leasing, HFS and ATOS.
 
"We have grown organically and through acquisitions into a new dimension. In just two years, we have increased our assets under management by more than seven times and significantly enhanced our profitability. Our subsidiary Hannover Leasing has had one of the best fiscal years in its almost 40-year company history. Together we are creating significant added value for our customers on our new platform. At the same time, we have reduced our net debt as planned and still have sufficient headroom to grow profitably," said Lars Schnidrig, CFO and interim CEO of CORESTATE.
 
The sharp increase in consolidated net income also boosted earnings per share by more than 50% to EUR 4.93. Reported EBITDA amounted to EUR 174 million and reported net profit to EUR 104 million. At the end of 2018, net financial debt amounted to EUR 389 million, the financial leverage (net debt to adjusted EBITDA) was 2.1x and thus at the lower end of the target corridor of 2.0x to 3.0x. Twelve months ago, this figure was still above 4.0x.
 
"Profits will be distributed to our shareholders, and our dividend policy is very attractive. We are currently planning a distribution of EUR 2.50 per share for 2018 and thus a return of about 8 percent at the current share price level. On the basis of EUR 4.93 earnings per share, our payout ratio would be around 50 percent - a good point of reference for future years as well," said Lars Schnidrig.
 
For 2019, CORESTATE expects aggregated revenues in the range of EUR 285 million to EUR 295 million, an EBITDA of between EUR 165 million and EUR 175 million and an adjusted net profit of between EUR 130 million and EUR 140 million. Organic growth in the core business together with interesting acquisitions, in particular in Real Estate Investment Management, will enable an improvement of the quality and sustainability of the income streams.
 
 
 
"We are focusing early on new trends in the European real estate market - such as in micro living. Most recently, we acquired the largest independent student housing operator in the UK and thus gained enormous implementation expertise and project experience for our Europe-wide micro living activities. We offer our clients high-quality investment opportunities also beyond established markets. We will broaden our choice of products in private debt and thus further expand our existing Mezzanine business.   Given our revenues mostly come from German speaking areas, we have enormous growth potentials in Europe and beyond," added Thomas Landschreiber, co-founder and Chief Investment Officer of CORESTATE.
 
 
 
IR contact
Dr. Kai Gregor Klinger
T: +49 69 3535630-106 / M: +49 152 22755400
ir@corestate-capital.com
 
PR contact
Andre Zahlten
T: +49 69 3535630-108 / M: +49 174 4022348
andre.zahlten@corestate-capital.com
 
 
About CORESTATE Capital Holding S.A.
CORESTATE Capital Holding S.A. (CORESTATE) is an investment manager and co-investor with approximately EUR 25bn in assets under management. As a fully integrated real estate platform, CORESTATE offers its clients combined expertise in the areas of investment and fund management as well as real estate management services. The company operates as a respected business partner of institutional clients and wealthy private investors internationally. CORESTATE is headquartered in Luxembourg and has 42 offices including in Frankfurt, London, Madrid, Singapore and Zurich. The company employs over 730 people and is listed in the regulated market (SDAX) of the Frankfurt Stock Exchange.
Further information is available at www.corestate-capital.com.
 
Forward-Looking Statements
This press release may contain forward-looking statements based on current assumptions and forecasts made by our management. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of our company and the estimates given here. These factors include those discussed in our public reports, which are available on our website at [ir.corestate-capital.com]. The company assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof.
 
 


14.02.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de



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