Ad-hoc | 16 March 2016 19:22
PATRIZIA Immobilien AG / Key word(s): Capital Increase/Dividend
16.03.2016 19:22
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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PATRIZIA Immobilien AG plans stock dividend
- Capital increase from company funds planned in a ratio of 10:1
Augsburg, 16 March 2016. The Supervisory Board and the Managing Board of
PATRIZIA Immobilien AG (ISIN DE000PAT1AG3) have decided to propose to the
Annual General Meeting on 16 June 2016 to fully carry forward the
unappropriated profit of EUR 204.1 million for the fiscal year 2015 to the
new account. Like in previous years and in order to further increase the
liquidity of the company's share, new shares in a ratio of 10:1 will be
issued. Technically spoken, share capital will be increased by converting
capital reserves. Each PATRIZIA shareholder will receive one additional new
share (bonus share) for every ten existing shares. The shareholders will
not be required to make any contribution.
If the Annual General Meeting of PATRIZIA approves the proposal, the
capital increase will be executed by issuing 7,632,354 new registered
no-par value shares. This will have no influence on the amount of the
shareholders' funds since it merely constitutes a reclassification of
components within shareholders' funds. The share capital will increase from
a current total of EUR 76,323,533 to EUR 83,955,887, split up into
83,955,887 no-par value shares. The new shares will carry dividend rights
from the beginning of the 2016 fiscal year. The issuances of bonus shares
for the 2011 to 2014 fiscal years were very well received and increased the
liquidity of the company's shares significantly.
The retained funds will be used to invest in PATRIZIA's continued
sustainable growth, for example by expanding European activities and making
attractive investments.
The Managing Board
Augsburg, 16 March 2016
PATRIZIA Immobilien AG
PATRIZIA Bürohaus
Fuggerstrasse 26
86150 Augsburg (Germany)
Listing: Frankfurt Official Market (Prime Standard)
ISIN: DE000PAT1AG3
SIN: PAT1AG
Contact
Investor Relations
Michael Tegeder
T +49 821 50910-401
michael.tegeder@patrizia.ag
16.03.2016 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: PATRIZIA Immobilien AG
Fuggerstraße 26
86150 Augsburg
Germany
Phone: +49 (0)821 - 509 10-000
Fax: +49 (0)821 - 509 10-999
E-mail: investor.relations@patrizia.ag
Internet: www.patrizia.ag
ISIN: DE000PAT1AG3
WKN: PAT1AG
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
Munich, Stuttgart; Terminbörse EUREX
End of Announcement DGAP News-Service
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