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.