Vonovia SE: 49.86% of Vonovia Shareholders Choose Scrip Dividend (news with additional features)
DGAP-News: Vonovia SE / Key word(s): Dividend
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49.86% of Vonovia Shareholders Choose Scrip Dividend
Bochum, June 12, 2017 - In the context of its Annual General Meeting on May 16, 2017, Vonovia SE ('Vonovia'), for the first time, offered its shareholders a scrip dividend as an alternative option to the standard cash dividend.
During the subscription period 48.86% of Vonovia's shareholders have elected to receive new shares instead of the cash dividend. Accordingly, 7,663,312 new Vonovia shares will be issued, resulting in a total of 476,460,248 shares. The total amount of the cash dividend to be distributed accordingly amounts to 263,273,830.40 euros.
Dr. A. Stefan Kirsten, CFO of Vonovia: 'We are happy to see that offering choice to our shareholders has led to a good acceptance of the newly introduced scrip dividend. This clearly highlights investors' trust in Vonovia and their support for our strategy.'
The settlement of the scrip dividend option is expected to occur on or around June 21, 2017. The payment of the cash dividend and the payment of any residual balances is expected to take place on 16 June 2017.
Please visit our website for further information.
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 approximately 8,100 employees.
Any securities discussed have not been and will not be registered under the U.S. Securities Act of 1933, as amended, or with any securities regulators of any state or any other jurisdiction in the United States of America, Australia, Canada or Japan. Accordingly, unless an exemption under relevant securities laws is applicable, any such securities may not be offered, sold, exercised, transferred, delivered or distributed, directly or indirectly, within or into the United States, Australia, Canada or Japan if to do so would constitute a violation of the relevant laws of, or require registration of such securities in, the relevant jurisdiction. There will be no public offering of securities in the United States, Australia, Canada or Japan or in any jurisdiction in which such offers or sales are unlawful.
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.
Document title: 49.86% of Vonovia Shareholders Choose Scrip Dividend