Led by Frankfurt-based partner Prof. Dr. Michael Schlitt, Hogan Lovells advised COMMERZBANK AG on the preparation and distribution of a scrip dividend and the related rights issue by LEG Immobilien SE.
It was the fifth time that Hogan Lovells advised the transaction bank on a scrip dividend transaction of LEG Immobilien SE.
The shareholders’ meeting of LEG Immobilien SE had resolved a dividend payment of EUR 2.70 per share on 28 May 2025. 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.
38% of the shareholders opted for the opted for the shares so that EUR 76.4m remained with the company.
Hogan Lovells advised COMMERZBANK AG in its role as financial advisor and settlement agent 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, LL.M. (London) (Of Counsel), Simona Gradišek (Senior Business Lawyer) (all Corporate and Capital Markets, Frankfurt), Alex Parkhouse (Partner, US law, London).
In house (Commerzbank AG, Frankfurt): Dr. Lisa Engelhardt
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