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MarketScreener Homepage  >  Equities  >  Xetra  >  LEG Immobilien AG    LEG   DE000LEG1110

LEG IMMOBILIEN AG

(LEG)
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LEG Immobilien AG: 33% of LEG shareholders choose scrip dividend

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09/15/2020 | 04:20am EDT

DGAP-News: LEG Immobilien AG / Key word(s): Dividend/Dividend
LEG Immobilien AG: 33% of LEG shareholders choose scrip dividend

15.09.2020 / 10:16
The issuer is solely responsible for the content of this announcement.


These materials are not an offer or the solicitation of an offer for the sale or subscription of the shares of LEG Immobilien AG in the United States of America. The subscription rights and the shares referred to herein may not, at any time, be offered, sold, exercised, pledged or otherwise transferred within or into the United States of America except to "qualified institutional buyers" (as defined in Rule 144A under the U.S. Securities Act of 1933, as amended ("Securities Act")) in accordance with Section 4(a)(2) of the Securities Act or another applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. LEG Immobilien AG has not registered and does not intend to register the subscription rights and/or the shares under the Securities Act or publicly offer the subscription rights and/or the shares in the United States of America.

 

33% of LEG shareholders choose scrip dividend

At this year's annual general meeting, LEG Immobilien AG for the first time offered its shareholders a scrip dividend. During the subscription period from 21 August 2020 to 7 September 2020, shareholders had the possibility to choose between the distribution of their dividend in cash or in the form of new shares.

In total, investors holding around 32.9% of the shares carrying dividend rights have decided to receive their dividend in the form of new shares. Therefore, EUR 84.6 million will remain within the company.

The acceptance rate underlines the shareholders' confidence in LEG's development and strategic focus. Based on the acceptance rate, 716,107 new shares will be issued, increasing the total number of LEG shares by 1.0% to 72,095,943 shares.



15.09.2020 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: LEG Immobilien AG
Hans-Böckler-Straße 38
40476 Düsseldorf
Germany
Phone: +49 (0) 211 / 4568 - 0
Fax: +49 (0) 211 / 4568 - 204
E-mail: ir@leg.ag
Internet: www.leg.ag
ISIN: DE000LEG1110
WKN: LEG111
Indices: MDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Stuttgart, Tradegate Exchange
EQS News ID: 1131627

 
End of News DGAP News Service

1131627  15.09.2020 

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© EQS 2020
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Net income 2020 962 M 1 119 M 1 119 M
Net Debt 2020 5 299 M 6 164 M 6 164 M
P/E ratio 2020 9,75x
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Mean consensus OUTPERFORM
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Average target price 128,55 €
Last Close Price 121,98 €
Spread / Highest target 19,7%
Spread / Average Target 5,39%
Spread / Lowest Target -14,7%
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Lars von Lackum Chief Executive Officer
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