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LONDON - Phoenix Spree Deutschland Limited (LSE:PSDL.LN), a UK-listed investment firm focusing on Berlin’s residential real estate, has issued a notice regarding its upcoming Annual General Meeting (AGM) and an Extraordinary General Meeting (EGM). The company is proposing the introduction of a Compulsory Redemption Facility, which aims to enable the company to return cash to its shareholders in a cost-effective and timely manner.
The AGM is scheduled to take place on June 18, 2025, at 11:00 a.m. (BST) in Jersey, with the EGM to follow at 11:30 a.m. (BST) or immediately after the conclusion or adjournment of the AGM. The meetings will be held at IFC 5, St Helier, JE1 1ST, Jersey.
According to the press release, the Compulsory Redemption Facility would allow Phoenix Spree Deutschland to compulsorily redeem ordinary shares from shareholders, distributing cash proportionally. The Board has recommended that shareholders vote in favor of the resolutions concerning the introduction of this facility at both the AGM and EGM.
Shareholders have been provided with the Circular, which details the proposed Compulsory Redemption Facility, and the reasons for the Board’s recommendation. The Circular, along with the annual report and financial statements for the year ended December 31, 2024, and relevant proxy forms, have been posted to shareholders. These documents are also available for inspection at the National Storage Mechanism and can be accessed online.
The information regarding the AGM and EGM is provided by RNS, the news service of the London Stock Exchange (LON:LSEG), and is approved by the Financial Conduct Authority in the UK. This announcement is based on a press release statement from Phoenix Spree Deutschland Limited.
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