Hogan Lovells advises Commerzbank AG on scrip dividend of Vonovia SE

Led by Frankfurt partner Prof Dr Michael Schlitt, international law firm Hogan Lovells advised Commerzbank AG for the sixth time on the payment of a scrip dividend and related rights issue by Vonovia SE.

The shareholders' meeting of Vonovia SE resolved a dividend payment of EUR 1.66 per share on 29 April 2022. The shareholders were given the choice of receiving the dividend in cash or in the form of new shares of Vonovia SE. During the subscription period, shareholders holding a total of 47.85% of the shares entitled to dividends chose the scrip dividend instead of a cash dividend. To create the 19,252,608 new shares, Vonovia SE increased its share capital by making use of authorized capital. 

Hogan Lovells advised Commerzbank AG in its role as financial advisor and process bank on all issues concerning the structuring and execution of the transaction.

Hogan Lovells team for Commerzbank AG

Prof Dr Michael Schlitt (Partner, Lead Partner), Mark Devlin (Counsel), Dr Susanne Ries (Of Counsel), Christian Schröder (Associate), Eva-Christina Sommer (Senior Business Lawyer) (all Corporate and Capital Markets, Frankfurt);

Ben Garcia (Partner, US law, New York). 

In-house Commerzbank AG, Frankfurt: Dr Bernd Singhof

 


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