The Company Court of the Metropolitan Court of Budapest has registered Appeninn as a regulated real estate investment holding company.

In mid-December last year, we wrote about Appeninn's general meeting decided on the transformation of the listed company into an SZIT. 

As the next step in the process, the Company Court of the Metropolitan Court of Budapest registered the company as a regulated real estate investment holding company (SZIE)

The date of registration of the SZIE: 1 January 2024, from which date the company shall have the rights and obligations set out in the law relating to the SZIE

As a Regulated Real Estate Investment Trust (REIT) or a Pre-owned Enterprise (PEIE), the board of directors must propose to the general meeting of shareholders the payment of a dividend each year at least equal to the expected dividend. This is 90% of the annual profit for the year from the registration of the SZIT/SZIE until its deregistration. In the event that the amount of free funds is less than the amount of the expected dividend, the management proposes to pay a dividend of at least 90% of the amount of free funds.