DGAP-News: LEG Immobilien SE: 38% of LEG shareholders choose scrip dividend

These materials are not an offer of the solicitation of an offer for securities for sale in the United States. The subscription rights and the shares referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended ("Securities Act"). The subscription rights may only be exercised, and the new shares may only be offered or sold, pursuant to an exemption from, or in transactions not subject to, the registration requirement of the Securities Act.

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38% of LEG shareholders choose scrip dividend

As in the previous two years LEG Immobilien SE once again offered its shareholders a scrip dividend this year. During the subscription period from 20 May 2022 to 07 June 2022, the shareholders were able to choose between the distribution of their dividend in cash or in the form of new shares.

In total, investors holding approximately 38.2% of the shares carrying dividend rights have decided to receive their dividend in the form of new shares. Therefore, approximately EUR 113.2 million will remain within the company.

Through the highest acceptance rate since the offering of the scrip dividend, the shareholders confirm LEG's strategic focus and underline their long-term confidence in the company's further development. Based on the acceptance rate, 1,269,651 new shares will be issued, increasing the total number of LEG shares by approximately 2% to 74,109,276 shares.

The new shares are expected to be listed on the regulated market of the Frankfurt Stock Exchange on 23 June 2022 when the new shares are incorporated in the listing of the existing shares of LEG.