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| TIDM | PSDL |
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Phoenix Spree Deutschland Limited announced on 23 May 2025 the publication of a shareholder circular to convene its 2025 Annual General Meeting (AGM) and an Extraordinary General Meeting (EGM). The AGM is scheduled for 18 June 2025 at 11:00 a.m. (BST) in St Helier, Jersey, with the EGM to follow at 11:30 a.m. (BST) at the same location. The EGM will seek shareholder approval to implement a compulsory redemption facility.
| Date | 23 May 2025 |
| Time | 07:00:09 |
| Category | AGMs and other meetings |
| ID | 8374J |
23 May 2025
Phoenix Spree Deutschland Limited
("PSD" or the "Company")
Notice of Annual and Extraordinary General Meeting
Proposal to introduce a Compulsory Redemption Facility
Phoenix Spree Deutschland Limited (LSE: PSDL.LN), the UK listed investment company specialising in Berlin residential real estate, announces the publication of a shareholder circular (the "Circular") to convene its 2025 Annual General Meeting ("AGM") and a separate Extraordinary General Meeting ("EGM").
The Board is convening the EGM to seek the approval of Shareholders to implement a compulsory redemption facility (the "Compulsory Redemption Facility"), to give the Company flexibility to return cash to Shareholders on a pro rata basis, in a cost-effective and timely manner, through compulsory redemptions of its ordinary shares. Details of the Compulsory Redemption Facility are set out in the Circular, together with the reasons why the Directors are recommending that you vote in favour of the resolutions at the AGM and the EGM.
The Company's AGM will be held at IFC 5, St Helier, JE1 1ST, Jersey at 11:00 a.m. (BST) on 18 June 2025.
The EGM will be held at IFC 5, St Helier, JE1 1ST, Jersey at 11:30 a.m. (BST) (or as soon thereafter as the AGM concludes or is adjourned) on 18 June 2025.
The AGM/EGM circular and relevant proxy forms, together with the annual report and financial statements for the year ended 31 December 2024 (the "Documents"), have been posted to shareholders, submitted to the National Storage Mechanism and are available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
The Documents can also be obtained from the Company Secretary or from the Company's website at https://www.phoenixspree.com/investors/annual-general-meeting/
Legal Entity identified: 213800OR6IIJPG98AG39
For Further Information, Please Contact:
Phoenix Spree Deutschland Limited +44 (0) 20 3937 8760
Stuart Young
Deutsche Numis (Corporate Broker) +44 (0) 20 7260 1263
Hugh Jonathan
Teneo (Financial PR) +44 (0) 20 7353 4200
Elizabeth Snow
Annushka Shivnani