Gecina: Company Updates on Energy, Capital Increase, and Sustainability

2023-06-02 08:35:02

of energy sobriety required new skills. The company has also been certified Great Place to Work

Concerning the capital increase reserved for employees, the Chairman reminded that the company offers, each year, the possibility to its employees to subscribe to a reserved capital increase. In accordance with legal provisions and the authorization given by the General Meeting of Shareholders, the share issue price is set by the Board of Directors and may not be less than 70% of the reference price. For the capital increase reserved for employees proposed during the 2022 financial year, the Board decided to set the discount on the reference price at 10% thus offering, given the level of the share price at that time, conditions considered very favorable for the employees.

Regarding the number of performance shares granted under the 2023 plan, it was specified that the new plan having been established with more demanding conditions than the previous plans, the number of performance shares distributed was set at 105,000 shares. It represents the same overall value as the previous plan, valuation reviewed by two external and independent firms, AON and Mercer.

  • The proposed dividend of €5.30 per share and its possible evolution for 2024

It is reminded that, like the previous three years, the proposed dividend for the 2022 financial year is €5.30 per share. Maintaining the dividend at this level, in a difficult economic context, demonstrates the solidity of the company. For the future, and as indicated during the presentations, the Net Recurring Income for 2023 is expected to rise between €5.80 and €5.90 per share, further proof of Gecina’s solidity.

It is recalled that the Bioclimatic PLU which is currently being examined, provides for several axes with

including major environmental and bioclimatic ambitions and the desire to promote diversity. Overall, the strategy of

the company is already aligned with the new ambitions of the city of Paris, in the current state of the draft texts.

  • The Group’s position in relation to the DPE on its buildings

It is recalled that lots with a DPE F or G will soon be prohibited for rental. The share of apartments classified F or G in Paris would be around 35%. For the company, this share is only a few percent. This result is the fruit of forward-looking work initiated several years ago by the company’s teams.

Gecina also continues to identify the various energy improvement points that might be made on its real estate assets, such as the greening of terraces.

  • The planned departure of a tenant occupying the premises of a tower in La Défense

It is recalled that the lease, relating to the premises of a tower in La Défense, is still in force for a few years. The company considers all possibilities, as it does with each announced tenant departure. The tower is of very high quality, offers good environmental quality and benefits from a very good location. The teams are mobilized on this subject.

  • The damage observed on a building in Boulogne

It is reminded that the building in question was built regarding ten years ago and gave rise to various construction and design disputes on several elements and in particular facade elements and sealing problems which have forced the company to partially cover the building. Judicial expertise is in progress to determine the responsibilities. Some expertise having ended, work will be able to be undertaken and the tarpaulins removed soon.

1685709934
#Gecina #Minutes #Ordinary #General #Meeting #April

Leave a Replay