- Dividend proposal unchanged at EUR 3.60 per share
- LEG examines digital alternatives for Annual General Meeting attendance
In light of the global spread of the coronavirus (SARS-CoV-2), LEG Immobilien AG has decided not to hold the company’s Annual General Meeting on 20 May 2020 as planned and instead to postpone it to a future date in 2020. The company’s number one priority is the health of its shareholders, employees and service providers.
A new date will be set and communicated as soon as plans can reliably be made. LEG Immobilien AG is also currently examining whether participants can attend the Annual General Meeting online or whether it can be held virtually without shareholders and shareholder representatives having to be physically present.
Postponing the Annual General Meeting means that the resolution on the appropriation of earnings and thus the dividend payment must also, inevitably, be deferred. Despite the decision to put the Annual General Meeting on hold, LEG Immobilien AG’s Management Board and Supervisory Board are standing by the dividend previously announced of EUR 3.60 per entitled share for the 2019 financial year.
With around 136,000 rental properties and more than 365,000 residents, LEG is one of Germany’s leading listed housing companies. The company has seven branch offices in North Rhine-Westphalia, providing personal local contact. LEG generated income of around EUR 809 million from its core rental and lease business in the 2019 financial year. As part of the new construction campaign it launched in 2018, LEG wishes to make a social contribution towards creating both free financed and subsidised housing, and to build or acquire at least 500 new apartments per year from 2023 onwards.
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