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    DWNI   DE000A0HN5C6

DEUTSCHE WOHNEN SE

(DWNI)
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PRESS RELEASE: Deutsche Wohnen SE: Annual General Meeting votes in favour of all items on the agenda with a large majority

06/01/2021 | 10:13am EDT
DGAP-News: Deutsche Wohnen SE / Key word(s): AGM/EGM 
Deutsche Wohnen SE: Annual General Meeting votes in favour of all items on the agenda with a large majority 
2021-06-01 / 16:11 
The issuer is solely responsible for the content of this announcement. 
=---------------------------------------------------------------------------------------------------------------------- 
Corporate News 
 
Annual General Meeting votes in favour of all items on the agenda with a large majority 
Berlin, 1 June 2021. Today, Deutsche Wohnen held its Annual General Meeting, which took place in a virtual format for 
the second time due to the pandemic. All of the motions put by the Management and Supervisory Boards were passed with a 
large majority. Accordingly, the Annual General Meeting decided on a dividend payment in the amount of EUR 1.03 per 
share for the financial year 2020 after it had voted in favour of a reduced dividend last year to enable the Corona 
relief fund to be set up. In addition, Dr Florian Stetter was appointed once again to the Supervisory Board of the 
company. The voting results of the Annual General Meeting are published in detail on www.deutsche-wohnen.com. 
On 24 May, approximately one week before the Annual General Meeting, Deutsche Wohnen and Vonovia signed an agreement 
concerning the planned merger of the two companies. In this agreement, Vonovia announced that it will make the 
shareholders of Deutsche Wohnen a voluntary, public offer to take over all outstanding shares. The Management and 
Supervisory Boards of Deutsche Wohnen support the offer made by Vonovia. Both bodies are assuming that - pending a 
careful examination of the documentation for this offer - they will recommend to the shareholders that they accept. The 
decisive factor in making this recommendation is essentially their view that the offer reflects the intrinsic value of 
the Deutsche Wohnen share and also contains an attractive premium on the share price as it stood prior to the 
announcement of the planned merger. 
In his speech on the day of the Annual General Meeting, Michael Zahn, Chief Executive Officer of Deutsche Wohnen, 
having reviewed the year 2020 and explained the strategic outlook for Deutsche Wohnen with its clear focus on climate 
protection and the creation of affordable housing, also went on to explain the planned merger with Vonovia. However, 
the transaction was not one of the items on the agenda for the Annual General Meeting. 
 
Deutsche Wohnen 
Deutsche Wohnen is one of the leading publicly listed residential property companies in Europe. The business focus of 
the company is on managing its own portfolio of residential properties in dynamic metropolitan regions and conurbations 
in Germany. Deutsche Wohnen sees itself as having both a social responsibility and a duty to maintain and newly develop 
good-quality and affordable housing in vibrant residential neighbourhoods. As at 31 March 2021, the portfolio comprised 
a total of around 157,500 units, of which 154,600 were residential and around 2,900 commercial. Deutsche Wohnen SE is 
listed in the Deutsche Börse's DAX and is also included in the leading indices EPRA/NAREIT, STOXX Europe 600, GPR 250 
and DAX 50 ESG. 
 
Important Notice 
This announcement is for information purposes only and neither constitutes an invitation to sell, nor an offer to 
purchase, securities of Deutsche Wohnen SE. The final terms and further provisions regarding the public takeover offer 
will be disclosed in the offer document after its publication has been approved by the German Federal Financial 
Supervisory Authority (Bundesanstalt für Finanzdienstleistung-saufsicht). To the extent legally permissible, the final 
terms and conditions of the public takeover offer may deviate from the basic information described herein. Investors 
and holders of securities of Deutsche Wohnen SE are strongly recommended to read the offer document and all 
announcements in connec-tion with the public takeover offer as soon as they are published, since they contain or will 
contain important information. 
The offer will be made exclusively under the laws of the Federal Republic of Germany, especially under the German 
Securities Acquisition and Takeover Act (Wertpapiererwerbs- und Übernahmegesetz - WpÜG), and certain provisions of the 
securities laws of the United States of America applicable to cross-border tender offers. The offer will not be 
executed according to the provisions of jurisdictions other than those of the Federal Republic of Germany or the United 
States of America (to the extent applicable). Thus, no other announcements, registrations, admissions or approvals of 
the offer outside of the Federal Republic of Germany have been filed, arranged for or granted. Investors in, and 
holders of, securities in Deutsche Wohnen SE cannot rely on having recourse to provisions for the protection of 
investors in any jurisdiction other than the provisions of the Federal Republic of Germany or the United States of 
America (to the extent applicable). Subject to the exceptions described in the offer document as well as any exemptions 
that may be granted by the relevant regulators, a public takeover offer will not be made, neither directly nor 
indirectly, in jurisdictions where to do so would constitute a violation of the laws of such jurisdiction. 
Deutsche Wohnen SE understands that Vonovia SE (the "Bidder") reserves the right, to the extent le-gally permitted, to 
directly or indirectly acquire further shares outside the offer on or off the stock ex-change. If such further 
acquisitions take place, information about such acquisitions, stating the number of shares of Deutsche Wohnen SE 
acquired or to be acquired and the consideration paid or agreed on, will be published without undue delay. 
To the extent any announcements in this document contain forward-looking statements, such state-ments do not represent 
facts and are characterized by the words "will", "expect", "believe", "estimate", "intend", "aim", "assume" or similar 
expressions. Such statements express the intentions, opinions or current expectations and assumptions of Deutsche 
Wohnen SE and/or the Bidder. Such forward-looking statements are based on current plans, estimates and forecasts, which 
Deutsche Wohnen SE and/or the Bidder have made to the best of their knowledge, but which they do not claim to be 
correct in the future. Forward-looking statements are subject to risks and uncertainties that are difficult to predict 
and usually cannot be influenced by Deutsche Wohnen SE and/or the Bidder. These expectations and for-ward-looking 
statements can turn out to be incorrect and the actual events or consequences may differ materially from those 
contained in or expressed by such forward-looking statements. Deutsche Wohnen SE and/or the Bidder do not assume an 
obligation to update the forward-looking statements with respect to the actual development or incidents, basic 
conditions, assumptions or other factors. 
Contact: 
Phone +49 (0)30 897 86-5413 
Fax +49 (0)30 897 86-5419 
ir@deutsche-wohnen.com 
=---------------------------------------------------------------------------------------------------------------------- 
2021-06-01 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. 
The issuer is solely responsible for the content of this announcement. 
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. 
Archive at www.dgap.de 
=---------------------------------------------------------------------------------------------------------------------- 
Language:     English 
Company:      Deutsche Wohnen SE 
              Mecklenburgische Straße 57 
              14197 Berlin 
              Germany 
Phone:        +49 (0)30 89786-5413 
Fax:          +49 (0)30 89786-5419 
E-mail:       ir@deutsche-wohnen.com 
Internet:     https://www.deutsche-wohnen.com 
ISIN:         DE000A0HN5C6 
WKN:          A0HN5C 
Indices:      DAX 
Listed:       Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, 
              Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange 
EQS News ID:  1203232 
 
End of News   DGAP News Service 
=------------ 

1203232 2021-06-01

 
Image link: 
https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1203232&application_name=news 
 

(END) Dow Jones Newswires

June 01, 2021 10:12 ET (14:12 GMT)

Stocks mentioned in the article
ChangeLast1st jan.
BIKE24 HOLDING AG 3.04% 18.29 Delayed Quote.0.00%
DAX -0.09% 15555.08 Delayed Quote.13.39%
DEUTSCHE WOHNEN SE 0.04% 52.82 Delayed Quote.20.90%
DJ INDUSTRIAL 0.80% 35116.4 Delayed Quote.14.14%
STOXX EUROPE 600 0.20% 465.38 Delayed Quote.16.39%
STOXX EUROPE 600 NR 0.20% 1041.89 Delayed Quote.18.21%
VIBRANT GROUP LIMITED 0.00% 0.093 End-of-day quote.-2.11%
VONOVIA SE 0.21% 57.56 Delayed Quote.-3.68%
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Financials
Sales 2021 831 M 985 M 985 M
Net income 2021 1 408 M 1 669 M 1 669 M
Net Debt 2021 11 401 M 13 523 M 13 523 M
P/E ratio 2021 13,9x
Yield 2021 1,95%
Capitalization 18 158 M 21 527 M 21 537 M
EV / Sales 2021 35,6x
EV / Sales 2022 35,3x
Nbr of Employees 1 339
Free-Float 66,1%
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Income Statement Evolution
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Mean consensus HOLD
Number of Analysts 16
Last Close Price 52,82 €
Average target price 50,80 €
Spread / Average Target -3,83%
EPS Revisions
Managers and Directors
Michael Zahn Chief Executive Officer
Philip Grosse Chief Financial Officer
Matthias HŘnlein Chairman-Supervisory Board
Lars Urbansky Chief Operating Officer
Dirk Sonnberg Managing Director-Legal & Compliance
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1st jan.Capi. (M$)
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