Vonovia SE: 40.7% of Vonovia Shareholders Choose Scrip Dividend
/ Key word(s): AGM/EGM/Payout
THE INFORMATION CONTAINED IN THIS DOCUMENT IS NOT SUITABLE FOR COMPLETE OR PARTIAL PUBLICATION OR DISCLOSURE TO OR WITHIN THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, JAPAN OR OTHER COUNTRIES WHERE SUCH PUBLICATION OR DISCLOSURE WOULD CONSTITUTE A VIOLATION OF APPLICABLE LEGAL PROVISIONS. THIS PUBLICATION IS NEITHER AN OFFER TO BUY OR SELL NOR AN INVITATION TO TENDER AN OFFER TO BUY OR SELL SHARES.
Bochum, 24 July 2020 - Vonovia SE ("Vonovia") again offered to its shareholders a scrip dividend as an alternative option to the standard cash dividend.
During the subscription period shareholders holding 40.7% of the dividend-bearing shares in Vonovia have elected to receive new shares instead of the cash dividend, corresponding to € 347 million, which remain within the company. Accordingly, 6,613,688 new Vonovia shares will be issued, resulting in a total of 548,887,299 shares.
Helene von Roeder, Chief Financial Officer of Vonovia: "Our shareholders are once again giving us their trust - this is especially valuable in these uncertain times. It strengthened our ability to make the right strategic decisions. We are fully aware of the responsibility that comes with it and will drive the positive development of the company."
The settlement of the scrip dividend option is expected to occur on 5 August 2020. The payment of the cash dividend and the payment of any residual balances is expected to take place on 28 July 2020.
August 5, 2020: Interim Financial Report for the first half of 2020
The company, which is based in Bochum, has been listed on the stock exchange since 2013 and on the DAX 30 since September 2015. Vonovia SE is also listed on the international indices STOXX Europe 600, MSCI Germany, MSCI Germany, GPR 250 and EPRA/NAREIT Europe. Vonovia has a workforce of more than 10,000 employees.
This press release has been issued by Vonovia SE and/or its subsidiaries solely for information purposes. This press release may contain statements, assumptions, opinions and predictions about the anticipated future development of Vonovia ("forward-looking statements") that reproduce various assumptions regarding, e.g., results derived from Vonovia's current business or from publicly available sources that have not been subject to an independent audit or in-depth evaluation by Vonovia and that may turn out to be incorrect at a later stage. All forward-looking statements express current expectations based on the current business plan and various other assumptions and therefore come with risks and uncertainties that are not insignificant. All forward-looking statements should not therefore be taken as a guarantee for future performance or results and, furthermore, do not necessarily constitute exact indicators that the forecast results will be achieved. All forward-looking statements relate solely to the day on which this press release was issued to its recipients. It is the responsibility of the recipients of this press release to conduct a more detailed analysis of the validity of forward-looking statements and the underlying assumptions. Vonovia accepts no responsibility for any direct or indirect damages or losses or subsequent damages or losses, as well as penalties that the recipients may incur by using the press release, its contents and, in particular, all forward-looking statements or in any other way, as far as this is legally permissible. Vonovia does not provide any guarantees or assurances (either explicitly or implicitly) in respect of the information contained in this press release. Vonovia is not obliged to update or correct the information, forward-looking statements or conclusions drawn in this press release or to include subsequent events or circumstances or to report inaccuracies that become known after the date of this press release.
24.07.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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