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Information Regarding Meeting Items for Ordinary Shareholders’ Meeting Agenda for CBFI Holders

MONTERREY, Mexico, Apr 26, 2016 (BUSINESS WIRE) -- Deutsche Bank Mexico, S.A., Banking Institution, Trust Division F/1616 or Fibra Inn (bmv:FINN13)(adr otc:DFBRY) (“Fibra Inn”, “the Trust” or “the Company”), the Mexican real estate investment trust specializing in the hotel industry serving the business traveler with global brands, informs regarding the discussion items for the General Ordinary Shareholders’ Meeting (“the Shareholders’ Meeting” or “the Meeting”) that will take place on April 29, 2016.

Following, Fibra Inn shares its views on the discussion items for the Shareholders’ Meeting, in order to ensure that shareholders receive timely and transparent information prior to the Meeting. These items may be found at: http://fibrainn.mx/inversionistas/avisos-a-tenedores.

I. Presentation, discussion and submission for approval of the annual report regarding the Trust’s activities for the fiscal 2015 period.

This item discusses the activities carried out by Fibra Inn during 2015: (i) acquisition of 7 hotels with an investment of Ps. 1,001.9 million, plus an additional property that is under negotiation with a binding agreement for Ps. 234.4 million; (ii) addition of 148 rooms; (iii) conclusion of two developments, adding 360 rooms to the operation; (iv) entry into a fourth business segment – the extended stay segment; (v) same store sales increased by two percentage points in occupancy and experienced double-digit growth terms of rental rates and RevPar; (vi) revenue growth of 48.1%; (vii) reached an NOI margin of 36.9% and Adjusted EBITDA margin of 30.9%; (ix) distribution of Ps. 338.1 million; (x) debt issuance for Ps. 1,875.4 million at a rate equal to TIIE28 + 110 bps; and (xi) implementation of ADR Level 1 Program.

The Company recommends to vote IN FAVORof this item.

II. Presentation, discussion and submission for approval of the annual report in reference to the activities of the Trust’s Technical Committee, the Auditing Committee, the Practices Committee, the Nominations Committee, the Debt Surveillance Committee and the Financial Committee during the fiscal 2015 period.

This item includes the proposal of the reports for annual activities carried out by each of Fibra Inn’s six corporate governance committees. Following is a summary of each one of these:

Technical Committee

Mr. Victor Zorrilla Vargas, President of the Technical Committee, announced that during the 2015 period, the following activities took place: (i) 8 sessions took place; (ii) approval of the consolidated quarterly financial statements; (iii) approval of quarterly distributions; (iv) budget approvals; (v) approval to hire KPMG as external auditor; (vi) approval of the acquisition of four hotels in Chihuahua for a total investment of Ps. 713.9 million and the development of the JW Marriott Monterrey for up to Ps. 343.4 million; (vii) approval to hire Operadora México, Servicios y Restaurantes, S.A.P.I de C.V. –related party- for 10 hotels and approval of the bi-annual and annual rental rate reviews for the hotels in need of updating; (viii) creation and establishment of the Financial Committee; (ix) approval for the creation of an internal market study unit; (x) procedure for the repositioning of hotel equipment; (xi) approval for the nominations of Ms. Laura Nelly Lozano Romero and Lizeth Mariel Pedraza Nava as Title Secretary and Alternate, respectively; (xii) approval of debt issuance; (xiii) ratification of Santander as market maker; (xiv) presentation of the assets that comprise shareholders’ equity and ratification of processes for their acquisition; (xv) approval of the sale of a portion of the 286.7m [2] lot located in front of the Holiday Inn Puebla La Noria in the city of Puebla for the construction of the Nodo Alitxcáyotl; (xvi) the approval of ADR Level 1 Program; and (xvii) approval for the participation of Fibra Inn in the Association of Mexican Real Estate Fibras, A.C. (Asociación Mexicana de Fibras Inmobiliarias, A.C.).

Auditing Committee:

Mr. Rafael Gómez Eng, President of the Auditing Committee informs that the following activities were carried out by Fibra Inn during 2015: (i) 4 sessions took place; (ii) proposal of the consolidated quarterly statements to the Technical Committee; (iii) proposal to the Technical Committee for Ps. 338.1 million in distributions; (iv) establishment of the accounting criteria for the repositioning of the hotel assets and equipment; and (v) proposal to the Auditing Committee to hire KPMG as external auditor.

Practices Committee

Mr. Adrián Garza de la Garza, President of the Practices Committee announced that during the 2015 period, the following activities were carried out: (i) 6 sessions took place; (ii) proposal to the Technical Committee for the acquisition of 4 hotels in Chihuahua for Ps. 713.9 million and the development of the JW Marriott Monterrey for up to Ps. 343.4 million; (iii) proposal to the Technical Committee to hire Operadora México, Servicios y Restaurantes, S.A.P.I de C.V. –related party- for 10 hotels and the approval of the bi-annual and annual rental rate reviews for the hotels in need of updating; (iv) confirmation of the adherence with eligibility criteria to invest in four hotels with a total investment of Ps. 775.0 million; (v) approval to change electricity provider at the hotels; and (vi) proposal to the Technical Committee for the substitution of the Secretary.

Nominations...


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