Led by Frankfurt partner Prof Dr Michael Schlitt, global law firm Hogan Lovells advised COMMERZBANK AG on the payment of a scrip dividend and related rights issue by LEG Immobilien SE. It was the fourth time that Hogan Lovells advised the transaction bank on a scrip dividend transaction of LEG Immobilien SE.
The shareholders’ meeting of LEG Immobilien SE resolved a dividend payment of EUR 2.45 per share on 23 May 2024. The shareholders were given the choice of receiving the dividend in cash or in the form of new shares of LEG Immobilien SE. To create the new shares, LEG Immobilien 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.
