Waalre, 17th of March 2021 – Today the Annual General Meeting of the company took place and resolved a strategic repositioning and renaming of the company to NAVSTONE SE. The new name reflects the past of the company and at the same time its new focus on continouosly increasing its Net Asset Value (NAV) with its new focus on real estate. In a first step, NAVSTONE aims to grow its real estate portfolio to EUR 30mn with existing ressources.
Also, the AGM decided to appoint Dr.Michael Hasenstab to the Management Board and authorized the management to purchase back own shares for a period of up to 18 months. As previously announced the management plans to buy back own shares through the stock market in order to enable shareholders to sell their shares if wished in light of the new strategy.
Management and Supervisory Board are confident that the new strategy will be value-generating for investors in the long run.
For further questions please contact:
Navigator Equity Solutions SE
t.: +49 89-30659216