DGAP-News: Vonovia SE: Half of Shareholders Have Opted for a Scrip 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 Shareholders Have Opted for a Scrip Dividend

Bochum, Germany, May 19, 2022 – Approximately half of Vonovia SE’s (“Vonovia”) shareholders have opted for a dividend distribution in the form of new shares within the subscription period. With a total of 47.85 % of shares carrying dividend rights, the scrip dividend was again in high demand and was chosen as an alternative to a cash dividend for the sixth consecutive year.

This means that about € 617 million will remain within the company, and 19,252,608 new shares will be issued. Once Vonovia’s shares have been entered in the Commercial Register, the total number of Vonovia shares will increase to 795,849,997.

The dividend for the previous fiscal year amounts to € 1.66 per share. In a year-on-year comparison, this corresponds to an increase of effectively € 0.08 – taking into account the larger number of shares resulting from the capital increase following the takeover of Deutsche Wohnen. Since the initial listing in 2013, the operating result (“Group FFO”) of Vonovia, which is the basis for the dividend, has continued to improve. With a stable dividend policy of approximately 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.

“This confidence from our shareholders underscores their trust in Vonovia. It’s only with this support that we can powerfully take on the major challenges of the housing industry,” says Philip Grosse, CFO of Vonovia. “Our business model remains stable and robust, and our residential properties valuable. That is particularly important in turbulent times.”

The new shares are expected to be credited to our shareholders’ accounts on June 1, 2022. The cash dividends and any fractional amounts are expected to be paid out on May 25, 2022.
 

About Vonovia

Vonovia SE is Europe’s leading private residential real estate company. Vonovia currently owns around 550,000 residential units in all attractive cities and regions in Germany, Sweden and Austria. It also manages around 72,500 apartments. Its portfolio is worth approximately € 96 billion. As a modern service provider, Vonovia focuses on customer orientation and tenant satisfaction. Offering tenants affordable, attractive and livable homes is a prerequisite for the company’s successful development. Therefore, Vonovia makes long-term investments in the maintenance, modernization and senior-friendly conversion of its properties. The company is also creating more and more new apartments by realizing infill developments and adding to existing buildings.

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 (today DAX 40) 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 approximately 15,900 employees.

Additional Information:
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.