Noratis AG: Noratis AG with change in the Supervisory Board

Noratis AG with change in the Supervisory Board

Eschborn, June 28, 2023. Noratis AG, a leading developer of residential real estate in Germany, announces that Dr Florian Stetter has resigned from the Company's Supervisory Board with effect from the end of the annual general meeting to be held on 19 July 2023. Therefore, the election of a new Supervisory Board member is necessary at the upcoming Annual General Meeting. Dr Stetter is the Deputy Chairman of the Supervisory Board. "We would like to thank Dr Florian Stetter for his valuable work and contribution as a member of the Noratis AG Supervisory Board. His experience and expertise were of great importance for the further development of our company," says Igor Bugarski, CEO of Noratis AG. 

It is proposed to the Annual General Meeting to elect Mr Hans-Jörg Bergler (born 1969) to the Supervisory Board for the remaining term of office of Dr Stetter. The term of office of the departing Supervisory Board member will run until the end of the Annual General Meeting which resolves on the discharge of the Supervisory Board members for the financial year 2023. Hans-Jörg Bergler is Chief Operating Officer of the Merz Group, the major shareholder of Noratis AG.

About Noratis:

Noratis AG (www.noratis.de) (ISIN: DE000A2E4MK4, WKN: A2E4MK, “Noratis”) is a leading portfolio developer of residential properties in Germany. The company identifies and realizes potentials for tenants and investors, thereby creating and preserving attractive and at the same time affordable living space throughout Germany. Noratis specializes in the upgrading of ageing residential portfolios, mostly company-owned apartments, residential areas, or housing estates in cities with more than 10,000 inhabitants and in peripheral areas of conurbations. After a successful development, the properties remain in the company’s portfolio or are sold in the medium term to investors and/or individually to existing tenants, capital investors and owner-occupiers. In this way, Noratis creates a noticeable and sustainable added value for all stakeholders: Investors/shareholders, buyers/sellers, service providers, employees through to current and future tenants. Noratis AG is listed on the Frankfurt Stock Exchange.

Investor & Public Relations Contact:

edicto GmbH
Dr. Sönke Knop
+49 (0)69 905 505 51
noratis@edicto.de
Eschersheimer Landstraße 42
60322 Frankfurt am Main