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DGAP-News: Vonovia SE / Key word(s): Dividend
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, 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.
Half of Vonovia's Shareholders Have Opted
Bochum, May 14, 2021 - For the consecutive fifth year, the shareholders of Vonovia SE ("Vonovia") were able to choose between receiving dividends in cash or in the form of new shares. Within the subscription period, about half of shareholders, totaling 49.18% of all dividend-bearing shares, have now opted for distribution in the form of new company shares.
This means that about € 470 million will remain within the company, and 9,370,028 new shares will be issued. Once Vonovia's shares have been entered in the Commercial Register, their total number will have grown to 575,257,327 (a capital increase of 1.65%). The dividend for the last financial year is € 1.69 per share.
Due to the continuous increase in the operating result ("Group FFO") since Vonovia's IPO and owing to the Group's stable dividend policy of around 70% of Group FFO, there has also been a year-on-year rise in dividends every year. As the payout ratio is planned to remain unchanged, Vonovia is confident that an increasing Group FFO will lead to growing dividends in the future as well.
Helene von Roeder, Chief Financial Officer at Vonovia, says: "Our shareholders have been experiencing Vonovia as a healthy and extremely robust company, and this positive development has confirmed their perception, even during the current pandemic. In return, shareholders are giving us the trust that is so important for the further development of our company."
The new shares are expected to be credited to our shareholders' accounts on 21 May 2021, and the cash dividends and any fractional amounts are expected to be paid out on 19 May 2021.
2021 Financial Calendar
August 6, 2021: Interim Financial Report for 2021
The company, which is based in Bochum, has been listed on the stock exchange since 2013. Since September 2015 Vonovia has been a constituent in the DAX 30 and since September 2020 in the EURO STOXX 50. Vonovia SE is also a constituent of additional national and international indices, including DAX 50 ESG, Dow Jones Sustainability Index Europe, STOXX Global ESG Leaders, EURO STOXX ESG Leaders 50, STOXX Europe ESG Leaders 50, FTSE EPRA/NAREIT Developed Europe, and GPR 250 World. Vonovia has a workforce of more than 10,000 employees.
Approval: Regulated Market/Prime Standard, Frankfurt Stock Exchange ISIN: DE000A1ML7J1 WKN: A1ML7J Common code: 094567408 Registered headquarters of Vonovia SE: Bochum, Germany, Bochum Local Court, HRB 16879 Business address of Vonovia SE: Universitaetsstrasse 133, 44803 Bochum, Germany
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.
14.05.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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