40.7% of Vonovia Shareholders Choose Scrip Dividend
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.