Led by Frankfurt-based partner Prof. Dr. Michael Schlitt, Hogan Lovells advised Commerzbank AG on the payment of a scrip dividend and the related rights issue by Hamborner REIT AG.
The shareholders’ meeting of Hamborner REIT AG resolved a dividend payment of EUR 0.47 per share on 29 April 2021. The shareholders were given the choice of receiving the dividend in cash only or partly in cash and partly in the form of shares of Hamborner REIT AG. To create the 763,781 new shares, Hamborner REIT AG 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), Dr. Timo Lockemann, Christian Schröder (Associates), Eva-Christina Sommer, Simona Gradišek (Business Lawyer) (all Corporate and Capital Markets, Frankfurt).
