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LEG Immobilien SE: Annual General Meeting Elects Supervisory Board, Achieves Diversity Goal – Michael Zimmer Takes Over as Chairman

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LEG Immobilien SE's third virtual Annual General Meeting was also successfully held today. Due in part to the positive experience of previous years, the Company again decided not to hold a face-to-face meeting to protect shareholders and guests.

Around 300 participants had accepted LEG Immobilien SE's invitation; a total of around 78 percent of the voting capital was represented in the balloting. A total of sixteen agenda items were put to a vote, and all passed with a convincing majority.

Under Item 2 on the appropriation of profits, 99.9 percent of shareholders voted in favor of a dividend of €4.07 per share. This results into an attractive dividend yield of around 4 percent (based on the closing price on May 18, 2022). The dividend can be claimed either in cash or in shares at the shareholder's discretion.

Under Item 9 of the agenda, "Resolution on the election of a new Supervisory Board member", Dr. Katrin Suder was elected to the Supervisory Board of LEG Immobilien SE. As part of its ESG strategy, LEG aims to fill at least one third of its Supervisory Board seats with women by 2022. To achieve this target, a proposal was made to the Annual General Meeting today to reduce the number of Supervisory Board mandates to six and elect Dr. Katrin Suder as a successor to Stefan Jütte and Dr. Johannes Ludewig, who are departing as planned due to reaching the retirement age limit.

Dr. Katrin Suder (50) holds a doctorate in neuroinformatics. After her PhD in theoretical physics, she enjoyed a career at McKinsey (2000–2014). Her focus areas included technology/IT as well as diversity. In 2014, she moved to the Ministry of Defense as Permanent Secretary. Since 2018, she has been the chairwoman of the German government's Digital Council. Dr. Suder is now the second woman on the LEG Immobilien SE Supervisory Board alongside Dr. Sylvia Eichelberg, who was elected to the Supervisory Board for the first time at the last Annual General Meeting.

  • Dr. Claus Nolting, Munich, independent lawyer

  • Dr. Jochen Scharpe, Munich, Managing Partner of AMCI GmbH and Re-Turn Immobilien GmbH

  • Martin Wiesmann, Frankfurt am Main, independent consultant

  • Michael Zimmer, Pulheim, Managing Partner of FAIR GmbH

At the constituent meeting of the Supervisory Board held immediately afterwards, Michael Zimmer was re-elected Chairman of the Board. His deputy will be Dr. Claus Nolting, who will also head the Risk and Audit Committee. Both have been members of the Supervisory Board for many years and successfully supported the company due to this Board tenure in recent years, helping develop it into the second largest firm in the German residential real estate market. Dr. Katrin Suder will chair the newly formed ESG Committee of the Supervisory Board, which will also include Dr. Sylvia Eichelberg and Martin Wiesmann.

The official words of greeting / interviews with the Supervisory Board as well as the detailed voting results of the Annual General Meeting and the dividend announcement can be found on our (German) website under:
Hauptversammlung | LEG (leg-se.com)




About LEG

With around 166,000 rental apartments accommodating some 500,000 residents, LEG SE is a leading listed housing company in Germany. The company maintains eight branches and is also represented at select locations with personal local contacts. LEG SE generated revenue of around €960 million from its core rental and leasing business in fiscal year 2021, with an average rent of 6.13 per square meter. With a share of around one-fifth social housing and its ongoing commitment to efficient climate protection, including serial refurbishment with the Renowate subsidiary founded at the beginning of 2022, LEG underscores its sustainable commitment in various areas. As part of its new-build offensive, it also aims to make a social contribution to the creation of both privately financed and publicly subsidized housing.

Contact Investor Relations:

Frank Kopfinger

Tel. +49 211 45 68-550

E-Mail: frank.kopfinger@leg-se.com

Contact Media Relations:

Sabine Jeschke

Tel. +49 211 45 68-325

E-Mail: sabine.jeschke@leg-wohnen.de

Disclaimer

This publication constitutes neither an invitation to buy nor an offer to sell securities. Insofar as we express forecasts or expectations or make statements relating to the future in this document, these statements may involve known and unknown risks and uncertainties. These statements express the intentions, beliefs, or current expectations and assumptions of LEG Immobilien SE. Forward-looking statements are based on current plans, estimates and projections made by LEG Immobilien SE to the best of its knowledge but are not guarantees of future performance. Actual results and developments may therefore differ materially from the expressed expectations and assumptions.

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