Summit Properties Ltd
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  • Directors Responsibilities and Corporate Governance

  • Directors’ Responsibilities

    The Directors are responsible for managing the business affairs of the Company in accordance with the Articles and have overall responsibility for the Company’s activities, including the review of investment activity and performance. The Directors are also subject to certain statutory duties under the Companies (Guernsey) Law 2008, as amended, in addition to their fiduciary duties and their duty to exercising reasonable care, skill and diligence, which are expected of a director of any company.

    The names and roles of each of the Directors is set out below

    Quentin Spicer
    Quentin is an Independent Non-Executive Director.

    Chris Le Page
    Chris is an Independent Non-Executive Director.

    Zohar Levy
    Zohar is the Managing Director of the Company.

    Itay Barlev
    Itay is the Finance Director of the Company.

    Corporate Governance

    Summit Properties Limited (the "Company") is committed to maintaining the highest standards of corporate governance throughout its operations and to ensuring that all of its practices are conducted transparently, ethically and efficiently. The Company believes that scrutinising all aspects of its business and reflecting, analysing and improving its procedures will result in the continued success of the Company and improve shareholder value. Therefore, and in compliance with the updated AIM Rules for Companies, the Company has chosen to formalise its governance policies by complying with the UK's Quoted Companies Alliance Corporate Governance Guidelines for Small and Mid-Size Quoted Companies (the "QCA Code").

    Accordingly, the Company has established specific committees and implemented certain policies, to ensure that:
    • it is led by an effective board which is collectively responsible for the long-term success of the Company;
    • the board and the committees have the appropriate balance of skills, experience, independence, and knowledge of the Company to enable them to discharge their respective duties and responsibilities effectively;
    • the board establish a formal and transparent arrangement for considering how it applies the corporate reporting, risk management, and internal control principles and for maintaining an appropriate relationship with the Company's auditors; and
    • there is a dialogue with shareholders based on the mutual understanding of objectives.
    In addition, the Company has adopted policies in relation to:
    • anti-corruption and bribery;
    • whistleblowing; and
    • IT, communications and systems.
    so that all aspects of the Company are run in a robust and responsible way.

    The Board of Directors

    The board of directors is responsible for the proper management of the Company by formulating, reviewing and approving the Company's strategy, budgets, and corporate actions. In order to achieve its objectives, the board adopts the ten principles of the QCA Code. Through successfully implementing these principles, the Company is able to deliver long-term growth for shareholders and maintain a flexible, efficient and effective management framework within an entrepreneurial environment.

    It is important that the board itself contains the right mix of skills and experience in order to deliver the strategy of the Company. As such, the board is comprised of:
    • an independent non-executive chairman, whose primary responsibility is the delivery of the Company's corporate governance model. The chairman has a clear separation from the day-to-day business of the Company which allows him to make independent decisions;
    • two executive directors; and
    • a further two independent non-executive directors.
    The biographies of the directors are set out on the Company’s website.

    Additionally, the Company has appointed a professional company secretary in Guernsey who assists the chairman in preparing for and running effective board meetings, including the timely dissemination of appropriate information. The company secretary provides advice and guidance to the extent required by the board on the legal and regulatory environment.

    Each director serves on the board until the annual general meeting following his or her election or appointment, and the board meets regularly at least four times a year and also hold regular ad-hoc meetings as and when necessary (as at 31 December 2017 the board and its committees held twenty meetings). The attendance at meetings of the board and its committees in the 2017 financial year is contained in the Company’s Annual Report and Accounts 2017 (page 25).

    Committees

    In compliance with UK best practice, the board has established corporate governance committees.

    Audit and Risk Committee

    The purpose of the Audit and Risk Committee is to monitor the integrity of the financial statements of the Company.

    Some of the Audit and Risk Committee's duties include:
    • reviewing the Company's accounting policies and reports produced by internal and external audit functions;
    • considering whether the Company has followed appropriate accounting standards and made appropriate estimates and judgments, taking into account the views of the external auditor;
    • reporting its views to the board of directors if it is not satisfied with any aspect of the proposed financial reporting by the Company;
    • reviewing the adequacy and effectiveness of the Company’s internal financial controls and internal control and risk management systems;
    • reviewing the adequacy and effectiveness of the Company's anti-money laundering systems and controls for the prevention of bribery and receive reports on non-compliance; and
    • overseeing the appointment of and the relationship with the external auditor.
    The Audit and Risk Committee has three members, each of whom is independent, non-executive directors and at least one member has recent and relevant financial experience. The current members of the committee are Christopher Spencer as the Chairman and Harry Hyman and Quentin Spicer.

    Remuneration and Nomination Committee

    The purpose of the Remuneration and Nomination Committee is to determine and agree with the board the framework or broad policy for the remuneration of the Company’s chairperson and the executive directors as well as the composition of the board itself.

    Some of the Remuneration and Nomination Committee's duties include:
    • reviewing the pay and employment conditions across the Company, including the board of directors;
    • approving targets and performance related pay schemes operated by the Company and all share incentive plans and pension arrangements;
    • regularly reviewing the structure, size, and composition (including the skills, knowledge, experience and diversity) of the board and make recommendations to the board with regard to any changes succession planning and vacancies; and
    • identifying suitable candidates from a wide range of backgrounds to be considered for positions on the board.
    The Remuneration and Nomination Committee has four members, comprises three independent, non-executive directors and once executive director. The current members of the committee are Quentin Spicer as the Chairman and Harry Hyman, Christopher Spencer and Zohar Levy.

    Share Dealing Code

    The Company has adopted a share dealing code to ensure directors and certain employees do not abuse, and do not place themselves under suspicion of abusing inside information of which they are in possession and to comply with its obligations under the Market Abuse Regulation ("MAR") which applies to the Company by virtue of its shares being traded on AIM. Furthermore, the Company's share dealing code is compliant with the AIM Rules for Companies published by the London Stock Exchange (as amended from time to time).

    Under the share dealing code, the Company must:
    • disclose all inside information to the public as soon as possible by way of market announcement unless certain circumstances exist in which the disclosure of the inside information may be delayed;
    • keep a list of each person who is in possession of inside information relating to the Company;
    • procure that all persons discharging managerial responsibilities and certain employees are given clearance by the Company before they are allowed to trade in Company securities; and
    • procure that all persons discharging managerial responsibilities and persons closely associated to them notify both the Company and the Financial Conduct Authority of all trades in Company securities that they make.

    QCA Code

    The QCA Code identifies ten principles to be followed in order for companies to deliver growth in long term shareholder value, encompassing an efficient, effective and dynamic management framework accompanied by good communication to promote confidence and trust.

    The sections below set out the ways in which the Company applies the ten principles of the QCA Code in support of the Company’s medium to long-term success.

    Principal Disclosure
    1. Establish a strategy and business model which promote long-term value from shareholders The strategy is to acquire relatively high yielding German commercial assets, primarily from distressed vendors and banks.

    Focusing on quality buildings in established locations, with:
    • Long term stable income
    • High positive yield gaps
    • Low capital values, below their replacement const.
    • Sustainable growing cash flow to deliver attractive dividend yield
    • Substantial upside potential for rent and capital value increase through growth of the German property market

    We maximise value via:
    • Pro-active asset management with strong local on-site management
    • Reducing vacancy rates by letting, redevelopments and/or conversion to residential use

    The Company’s strategy is achieved by being well positioned to take advantage of various situations in the market. Using strategic contacts, the Company evaluate the potential investments assessing their potential yield and capital growth. The Company look for opportunistic investments which, via intensive asset management, can improve occupancy rates or rezoning which leads to strong cash flow and increasing capital growth for shareholders.
    2. Seek to understand and meet shareholder needs and expectations The Company seeks to maintain a regular dialogue with both existing and potential new shareholders in order to communicate the Company’s strategy and progress and to understand the needs and expectations of shareholders.

    Beyond the Annual General Meeting, Zohar Levy, Itay Barlev and, where appropriate, other members of the board, meet with investors to provide them with updates on the Company’s business and to obtain feedback regarding the market’s expectations of the Company.

    The main point of contact for investor liaison is Zohar Levy.

    The role of the independent directors is to provide a sounding board for the Chairman and to be available to shareholders should they have concerns that they have been unable to resolve through normal channels, or when such channels would be inappropriate.

    The Company intend to continue and return capital to shareholders both by way of dividend and other methods subject to potential accretion.
    3. Take into account wider stakeholder and social responsibilities for long-term success The Company is aware of its corporate social responsibilities and the need to maintain effective working relationships across a range of stakeholder groups.

    The Company management and its Board of Directors acknowledge the importance of Company’s impact on society.

    Further information is contained in the 2018 Annual Report – Corporate Social Responsibility statement (page 36).
    4. Embed effective risk management, considering both opportunities and threats, throughout the organisation The board is responsible for the systems of risk management and internal control and for reviewing their effectiveness. The internal controls are designed to manage rather than eliminate risk and provide reasonable but not absolute assurance against material misstatement or loss.

    The Company has established a risk management framework, controlled by its board of directors. The risk register of the Company is reviewed by the board on a regular basis.

    See Annual Report and Accounts 2018 for risk management and assurance of effective control systems.
    5. Maintain the board as a well-functioned, balances year led by the chair Corporate governance matters are considered by the board on an on-going basis and in particular, at each quarterly board meeting.

    The Company's board of directors comprises two executive directors and three independent non-executive directors.

    Details of the Directors including their independence are clearly disclosed as are their appointment terms and also in the 2018 Annual Report.

    The Board meets at least 4 times a year (during 2018 the Board met 12 times and the committees met 6 times).
    6. Ensure that between them the directors have the necessary up-to-date experience, skills and capabilities During the course of the year, Directors received updates from the Company Secretary and various external advisers on a number of corporate governance matters and other issues.

    The training needs of each Director are also regularly reviewed by the Chairman. The Directors are able to receive training or additional information on specific subject pertinent to their role as a Director that they request or require. All Directors have access to independent professional advice at the Company’s expense, if deemed necessary and subject to clearance by the Chairman.

    An internal Board evaluation is undertaken on an annual basis where matters are considered.
    7. Evaluate board performance based on clear and relevant objectives, seeking continuous improvement An evaluation of the board’s performance is conducted each year and includes questions on different aspects of the operation of the Board and its committees and the performance of individual directors.

    The Chairman is responsible for ensuring the annual evaluation of the Board’s performance and that of its committees and individuals Directors. This should be done by discussions based on process and questions outlined in the Code concerning Board and Committee performance and meetings.

    Succession planning needs of the Company is reviewed and discussed by the directors on an annual basis.
    8. Promote a corporate culture that is based on ethical values and behaviours The board seeks to maintain the highest standards of integrity and ethics in the conduct of the Company’s operations. These values are exhibited in the written policies and working practices adopted by all employees in the Company.

    An open culture is encouraged within the Company, with regular communications to staff regarding progress and staff feedback regularly sought. Employees are expected to behave and to execute the Company’s strategy and objectives in an ethical, compliant manner as well as to ask questions and raise concerns openly. The board and its committees monitor the Company’s cultural environment and seek to address any concerns that may arise, escalating these to Board level as necessary.

    The Board also sets the values and culture of the Group and has a duty to protect the interest of the shareholders.
    9. Maintain governance structures and processes that are fit for purpose and support good decision-making by the board The Company's board of directors comprises five directors, three of which are independent non-executive directors.

    An Audit and Risk committee and a Remuneration and Nomination committee have been established and their terms of reference defined.
    10. Communicate how the company is governed and is performing by maintaining a dialogue with shareholders and other relevant stakeholders The Company places a high priority on regular communications with its various stakeholder groups and aims to ensure that all communications concerning the Company’s activities are clear, fair and accurate. The Company’s website is regularly updated.

    The Company’s financial reports can be found on the Company’s website.

    Notices of General Meetings of the Company can also be found on the Company’s website.

    The results of voting on all resolutions in future general meetings will be posted to the Company’s website, including any actions to be taken as a result of resolutions for which votes against have been received from at least 20 per cent of independent shareholders.
  • Third Party Advisers
  • Secretary
    C.L. Secretaries Limited
    —
    1st and 2nd Floors
    Elizabeth House
    Les Ruettes Brayes
    St Peter Port
    Guernsey
    GY1 1EW
    Administrator
    Carey Commercial Limited
    —
    1st and 2nd Floors
    Elizabeth House
    Les Ruettes Brayes
    St Peter Port
    Guernsey
    GY1 1EW
    Solicitors to the Company as to German Property Law
    Taylor Wessing
    —
    Senckenberganlage 20-22
    60325 Frankfurt
    Germany
    Guernsey Advocates to
    the Company

    Carey Olsen
    —
    PO Box 98
    Carey House
    Les Banques
    St. Peter Port
    Guernsey
    GY14BZ
    Solicitors to the Nominated Adviser and Broker
    Lawrence Graham LLP
    —
    4 More London Riverside
    London
    SE1 2AU
    Auditors
    Deloitte LLP
    —
    P.O. Box 137
    Regency Court
    Glategny Esplanade
    St. Peter Port
    Guernsey GY1 3HW
    Registrar
    Link Asset Services
    —
    Mont Crevelt House
    Bulwer Avenue
    St Sampson
    Guernsey
    GY2 4LH
  • Share Capital and Significant Shareholders

  • Share capital information
    As at 3rd March 2020, the Company had a total of 445,235,204 issued Ordinary Shares of no par value.

    Significant shareholders (as at 3rd March 2020):

    No. Name of significant shareholder Number of Ordinary Shares held % of total issued share capital
    1 Unifinter Administratiekantoor B.V.* 437,482,427 98.26%

    * Unifinter Administratiekantoor B.V. is 100% owned by Summit Real Estate Holdings Ltd, which is listed on the Tel Aviv Stock Exchange

    There are no other nominee accounts which represent more than 10% of the company’s issued share capital.

    Other Exchanges or Trading Platforms

    The Company's shares are traded on AIM, a market operated by The London Stock Exchange plc, under the ticker SMTP.
    The Company's shares are not currently traded on any other exchange or trading platform.
  • UK Takeover Code

  • The Company is subject to the UK City Code on Takeovers and Mergers.
  • Admission Document

  • DOWNLOAD ADMISSION DOCUMENT
  • Dividend/interest currency election form

  • DOWNLOAD DIVIDEND/INTEREST CURRENCY ELECTION FORM
  • 2023 Reports, Circulars and Announcements

  • Annual reports
    None in 2023 yet

    Interim Results
    None in 2023 yet

    Shareholder Circulars and Notices of General Meetings
    None in 2023 yet

    Ad-hoc announcements
    None in 2023 yet

    Company announcements
    None in 2023 yet

    Director / PDMR Dealing announcements
    None in 2023 yet

  • 2022 Reports, Circulars and Announcements

  • Annual reports
    13th April 2022: Annual Report and Consolidated Financial Statements for the Year ended 31st December 2021

    Interim Results
    14th September 2022: Half-Yearly Report June 2022

    Shareholder Circulars and Notices of General Meetings
    30th November 2022: Q3 2022 Unaudited Key Performance Indicators
    30th November 2022: Results of proxy votes received
    9th November 2022: Notice of Annual General Meeting and Proxy
    9th November 2022: Notice of Annual General Meeting (“AGM”)
    31st May 2022: Q1 2022 Unaudited Key Performance Indicators
    31st March 2022: FY 2021 Unaudited Key Performance Indicators

    Ad-hoc announcements
    4th August 2022: PExchange offer / Tender offer – Tender Offer Results Annoucement
    28th July 2022: Press release – Tender Offer Launch Release
    28th July 2022: Press release – Ad Hoc Release (Pursuant to section 17 Mar)

    Company announcements
    30th November 2022: Results of Annual General Meeting
    14th September 2022: 2022 Half Year Results
    31st August 2022: H1 2022 Unaudited Key Performance Indicators
    27th July 2022: Trading Update
    13th April 2022: 2021 Full Year Audited Results
    3rd February 2022: Update re Major Shareholder
    19th January 2022: Summit Company Presentation
    17th January 2022: Acquisition of $195 million of US properties

    Director / PDMR Dealing announcements
    None in 2022 yet

  • 2021 Reports, Circulars and Announcements

  • Annual reports
    25th May 2021: Annual Report and Consolidated Financial Statements for the Year ended 31st December 2020

    Interim Results
    30th September 2021: Half-Yearly Report June 2021

    Shareholder Circulars and Notices of General Meetings
    24th Dezember 2021: Results of proxy votes received
    8th December 2021: Notice of Annual General Meeting and Proxy
    8th December 2021: Notice of Annual General Meeting (“AGM”)
    30th November 2021: Q3 2021 Unaudited Key Performance Indicators
    31st May 2021: Q1 2021 Unaudited Key Performance Indicators
    31st March 2021: FY 2020 Unaudited Key Performance Indicators

    Company announcements
    24th Dezember 2021: Results of Annual General Meeting
    19th November 2021: $80m Acquisition of 2 US shopping centers
    14th October 2021: Acquisition of 490 apartments in NYC and a shopping center
    30th September 2021: 2021 Half Year Results
    2nd September 2021: Summit Company Presentation
    31th August 2021: H1 2021 Unaudited Key Performance Indicators
    30th August 2021: Acquisitions of 650 apartments in NYC for US$119M
    16th August 2021: Acquisitions of 440 apartments in NYC for US$83M
    19th July 2021: $66m Acquisition of 8 shopping centers in the US
    29th June 2021: Sale of €1 billion German commercial portfolio completed
    21st June 2021: Acquisition of 323 apartments in NYC for $50M
    1st June 2021: Sale of German commercial portfolio for €1.0 billion
    4th February 2021: Update

    Director / PDMR Dealing announcements
    None in 2021 yet

  • 2020 Reports, Circulars and Announcements

  • Annual reports
    21st May 2020: Annual Report and Consolidated Financial Statements for the Year ended 31st December 2019

    Interim Results
    17th September 2020: Half-Yearly Report June 2020

    Shareholder Circulars and Notices of General Meetings
    7th October 2020: Results of proxy votes received
    17th September 2020: Notice of AGM 2020
    31st August 2020: H1 2020 Unaudited Key Performance Indicators
    31st March 2020: Q1 2020 Unaudited Key Performance Indicators
    20th March 2020: 2019 Unaudited Key Performance Indicators
    5th March 2020: Results of Tender Offer
    19th February 2020: TR1 Notification of Major Interest in Shares
    18th February 2020: Proposed Tender Offer
    18th February 2020: Proxy Form
    18th February 2020: Tender Form
    18th February 2020: TR1 Notification of Major Interest in Shares
    17th February 2020: Proposed Tender Offer and Proposed Cancellation of Admission of Ordinary Shares to Trading on AIM
    10th January 2020: TR1 Notification of Major Interest in Shares

    Company announcements
    30th November 2020: Q3 2020 Unaudited Key Performance Indicators
    7th October 2020: Results of Annual General Meeting
    21st May 2020: 2019 Full Year Results
    3rd March 2020: Cancellation of admission of Ordinary Shares to trading on AIM

    Director / PDMR Dealing announcements
    None in 2020 yet

  • 2019 Reports, Circulars and Announcements

  • Annual reports
    18th April 2019: Annual Report and Consolidated Financial Statements for the Year ended 31st December 2018

    Interim Results
    25th September 2019: Interim results for the six months ended 30th June 2019

    Shareholder Circulars and Notices of General Meetings
    25th November 2019: TR1 Notification of Major Interest in Shares
    21st November 2019: TR1 Notification of Major Interest in Shares
    10th July 2019: Results of Proxy Voting Rights Received
    24th June 2019: Notice of Annual General Meeting of Summit Properties Limited
    24th June 2019: Notice of Annual General Meeting
    20th February 2019: Result of EGM and Name Change
    20th February 2019: Results of proxy votes received
    30th January 2019: Notice of Extraordinary General Meeting

    Company announcements
    31st December 2019: Portfolio Update
    21st November 2019: Amendment to Portfolio Management Agreement
    21st November 2019: Q3 2019 Unaudited Key Performance Indicators
    11th November 2019: Posting of Half-Year Financial Statements
    31st October 2019: Total Voting Rights
    28th October 2019: Transaction in Own Shares
    25th October 2019: Transaction in Own Shares
    24th October 2019: Transaction in Own Shares
    17th October 2019: Transaction in Own Shares
    11th October 2019: Transaction in Own Shares
    4th October 2019: Dividend Currency Conversion Rate
    25th September 2019: Dividend Announcement
    25th September 2019: 2019 Half Year Results Announcement
    30th August 2019: H1 2019 Unaudited Key Performance Indicators
    15th July 2019: Company Presentation
    10th July 2019: Results Announcement of Annual General Meeting
    19th June 2019: Sale of Property for €225 million
    17th June 2019: Audited Annual Financial Statements
    30th May 2019: Q1 2019 Unaudited Key Performance Indicators
    18th April 2019: 2018 Full Year Results
    28th February 2019: Trading Update
    20th February 2019: Statement re major shareholder
    1st February 2019: Moody's Investors Service annual update
    1st February 2019: Ba1 issuer rating from Moody's Investors Service
    30th January 2019: Notice of Extraordinary General Meeting and proposed name change
    28th January 2019: Valuation Update, Preliminary FY 2018 Results, Proposed Change of Name
    14th January 2019: Potential IPO of subsidiary

    Director / PDMR Dealing announcements
    None in 2019 yet

  • 2018 Reports, Circulars and Announcements

  • Annual reports
    26th April 2018: Annual Report and Consolidated Financial Statements for the Year ended 31st December 2017

    Interim Results
    26th September 2018: Interim results for the six months ended 30th June 2018
    29th August 2018: HY 2018 Preliminary Results

    Shareholder Circulars and Notices of General Meetings
    18th July 2018: Results of Proxy Voting Rights Received
    22nd June 2018: Notice of Annual General Meeting
    22nd June 2018: Audited Annual Financial Statements and Notice of Annual General Meeting

    Company announcements
    10th Dezember 2018: Result of Buy-back and total voting rights
    3rd Dezember 2018: Ordinary Share Buy-back
    29th November 2018: Q3 2018 Unaudited Key Performance Indicators
    27th November 2018: Posting of Half-Year Financial Statements
    1st November 2018: Completion of €86 million German Portfolio Acquisition
    29th October 2018: €86 million German Portfolio Acquisition
    24th August 2018: Investment Property Valuation Update
    20th August 2018: Dividend Currency Conversion Rate
    09th August 2018: Dividend Announcement
    06th August 2018: Acquisition of controlling stake in GxP German Properties AG
    18th July 2018: Results Announcement of Annual General Meeting
    31st Mai 2018: Q1 2018 Financial Results
    18th Mai 2018: Dividend Currency Conversion Rate
    3rd Mai 2018: Dividend Announcement
    25th April 2018: 2017 Full Year Results
    27th March 2018: Headline FY 2017 Results
    16th March 2018: Debt repayment Announcement
    16th February 2018: Dividend Currency Conversion Rate
    16th February 2018: Acquisition of Debt
    8th February 2018: Dividend Payment Date
    8th February 2018: Dividend Announcement
    17th January 2018: Successful €300m Bond Placement
    15th January 2018: ilAA- Issuer Rating Obtained from S&P Global Ratings
    15th January 2018: ilAA Rating by S&P Global Rating
    15th January 2018: BBB- / Ba1 issue ratings assigned to proposed senior unsecured notes by S&P Global Rating and Moody’s Investors Service respectively
    15th January 2018: Rating by S&P Global Rating
    15th January 2018: Rating by Moody’s Investors Service
    15th January 2018: Proposed Bond Issue and Q3 Results
    14th January 2018: Company Presentation
    2nd January 2018: Sale of Property for €51.4 million

    Director / PDMR Dealing announcements
    13th Dezember 2018: Purchase of ordinary shares by Spencer Holdings Ltd.
    24th September 2018: Share purchase pursuant to dividend reinvestment plan by Harry Hyman
    24th September 2018: Share purchase pursuant to dividend reinvestment plan by Anita Hyman
    22nd June 2018: Share purchase pursuant to dividend reinvestment plan by Harry Hyman
    22nd June 2018: Share purchase pursuant to dividend reinvestment plan by Anita Hyman
    27th April 2018: Share purchase pursuant to dividend reinvestment plan by Harry Hyman
    27th April 2018: Share purchase pursuant to dividend reinvestment plan by Anita Hyman
    3rd April 2018: Share purchase pursuant to dividend reinvestment plan by Harry Hyman
    3rd April 2018: Share purchase pursuant to dividend reinvestment plan by Anita Hyman
  • 2017 Reports, Circulars and Announcements

  • Annual reports
    16th May 2017: Annual Report and Consolidated Financial Statements for the Year ended 31st December 2016

    Interim Results
    27th September 2017: Interim results for the six months ended 30th June 2017

    Shareholder Circulars and Notices of General Meetings
    13th July 2017: Results of Proxy Voting Rights Received
    7th July 2017: Dividend Currency Conversion Rate
    27th June 2017: Notice of Annual General Meeting
    27th June 2017: Audited Annual Financial Statements and Notice of Annual General Meeting
    6th January 2016: Dividend Currency Conversion Rate

    Company announcements
    21th November 2017: Investment Property Valuation Update, Summit Germany Limited valuedas of 30 September 2017 at €980.6 million
    27th September 2017: Dividend Announcement
    28th July 2017: Acquisition of Debt and Related Party Transaction
    25th July 2017: Completion of €15 Million Disposal of Properties
    24th July 2017: €15 million Disposal of Properties
    13th July 2017: Results Announcement of Annual General Meeting
    3rd July 2017: Completion of €100 Million Portfolio Acquisition
    29th June 2017: Dividend Announcement
    26th June 2017: €100 million German Portfolio Acquisition
    7th April 2017: Investment Property Valuation & Notice of Results
    10th March 2017: Amendment to Portfolio Management Agreement
    24th February 2017: Monitoring Report, February 2017
    24th February 2017: Reaffirmation of Aa3 Issuer Rating

    Director / PDMR Dealing announcements
    17th November 2017: Share purchase pursuant to dividend reinvestment plan by Harry Hyman
    17th November 2017: Share purchase pursuant to dividend reinvestment plan by Anita Hyman
    25th August 2017: Purchase of ordinary shares by Amir Sagy and Itay Barlev
    24th August 2017: Share purchase pursuant to dividend reinvestment plan by Harry Hyman
    24th August 2017: Share purchase pursuant to dividend reinvestment plan by Anita Hyman
    10th February 2017: Share purchase pursuant to dividend reinvestment plan by Harry Hyman
    10th February 2017: Share purchase pursuant to dividend reinvestment plan by Anita Hyman
  • 2016 Reports, Circulars and Announcements

  • Annual reports
    4th May 2016: Annual Report and Consolidated Financial Statements for the Year ended 31st December 2015

    Interim Results
    28th September 2016: Interim results for the six months ended 30th June 2016

    Shareholder Circulars and Notices of General Meetings
    7th October 2016: Dividend Currency Conversion Rate
    28th July 2016: Dividend Currency Conversion Rate
    6th July 2016: Results of Proxy Voting Rights Received
    4th July 2016: TR1 Notification of Interest in Shares by FIL Limited
    25th May 2016: Notice of Annual General Meeting
    25th May 2016: Audited Annual Financial Statements and Notice of Annual General Meeting

    Company announcements
    28th December 2016: Financing a property located in Potsdam - €16m new debt facility
    28th December 2016: Dividend Announcement
    20th December 2016: Sale of asset for €14 million
    18th October 2016: Appointment of Nominated Adviser
    28th September 2016: Dividend Announcement
    22nd August 2016: Refinancing of Stuttgart Property - €3.85m new debt facility
    7th July 2016: Dividend Announcement
    6th July 2016: Results Announcement of Annual General Meeting
    24th May 2016: New residential development in Berlin
    17th May 2016: Stuttgart property refinancing
    30th March 2016: Dividend Announcement
    24th March 2016: Completion of €25m Acquisition of German Offices
    29th February 2016: Initial Rating Report, February 2016
    29th February 2016: Aa3 Issuer Rating Obtained from Midroog
    15th February 2016: €25m Acquisition of German Offices
    1st February 2016: Completion of €15m Acquisition of German Offices
    8th January 2016: €15m Acquisition of German Offices

    Director / PDMR Dealing announcements
    17th November 2016: Dividend reinvestment by Harry Hyman
    2nd September 2016: Dividend reinvestment by Harry Hyman
    30th August 2016: Dividend reinvestment by Harry Hyman
  • 2015 Reports, Circulars and Announcements

  • Annual reports
    28th April 2015: Annual Report and Consolidated Financial Statements for the Year ended 31st December 2014

    Interim Results
    11th September 2015: Interim results for the six months ended 30th June 2015

    Shareholder Circulars and Notices of General Meetings
    27th November 2015: TR1 Notification of Interest in Shares by FIL Limited
    6th November 2015: Dividend Currency Conversion Rate
    1st October 2015: Posting of Half-Year Financial Statements
    7th July 2015: Results of Proxy Voting Rights Received
    30th June 2015: Dividend/interest currency election form
    12th June 2015: Notice and Agenda of Annual General Meeting 2015
    4th February 2015: TR1 Notification of Interest in Placing by Invesco Limited
    2nd February 2015: Extraordinary General Meeting: Result – Completion of Placing
    2nd February 2015: Extraordinary General Meeting: Results of Proxy Voting Rights Received
    16th January 2015: Proposed Placing of new Ordinary Shares

    Company announcements
    17th December 2015: Trading update for the financial year 2015
    30th November 2015: €42 million Revaluation Profit on Acquired Portfolio of Six Properties
    8th October 2015: Dividend Announcement
    2nd October 2015: Acquisition of the remaining part of a property complex in Stuttgart
    11th August 2015: Completion of acquisition of property complex in Stuttgart
    7th July 2015: Dividend Announcement
    7th July 2015: Results Announcement of Annual General Meeting
    6th July 2015: €40 million Acquisition of Property Portfolio
    12th June 2015: Notice of Annual General Meeting Announcement
    29th April 2015: Dividend Announcement
    29th April 2015: Accounts announcement
    16th April 2015: Notice of Results
    27th March 2015: Completion of €33m new debt facility and repayment of Shareholder Loan
    19th January 2015: €33m Financing Agreement
    15th January 2015: Appointment of Joint Broker
    15th January 2015: Dividend Announcement
    15th January 2015: Placing, Trading Update and Notice of General Meeting

    Director / PDMR Dealing announcements
    30th April 2015: Harry Hyman today purchased 25,000 Ordinary Shares
  • 2014 Reports, Circulars and Announcements

  • Annual reports
    28th April 2014: Annual Report and Consolidated Financial Statements for the Year ended 31st December 2013

    Interim Results
    19th September 2014: Interim results for the six months ended 30th June 2014

    Shareholder Circulars and Notices of General Meetings
    28th February 2014: TR1 Notification of Major Interest in Shares in relation to River and Mercantile Asset Manager LLP (1.94% holding)

    Company announcements
    22nd December 2014: Summit Germany completes the refinancing
    27th August 2014: Dividend Announcement
    15th July 2014: Dividend Announcement
    15th July 2014: Trading update for the first 6 months of 2014
    12th May 2014: Change in Significant Shareholdings
    30th April 2014: Final Results - Replacement: Further typographical changes made to Final Results announcement
    29th April 2014: Final Results - Replacement: Typographical changes made to Final Results announcement
    29th April 2014: 2013 Full Year Results and Q1 2014 Trading Update
    14th April 2014: Notification of completion of Valentine Portfolio acquisition
    8th April 2014: Summary of acquisition of Valentine Portfolio and disposal of interest in joint venture
    26th February 2014: Admission and First Day of Dealings on AIM

    Director / PDMR Dealing announcements
    10th October 2014: Purchase of ordinary shares by Harry Hyman
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