Frankfurt – Global law firm Hogan Lovells Cadwalader has advised COMMERZBANK AG on the preparation and distribution of a scrip dividend and the related rights issue by LEG Immobilien SE.
The shareholders’ meeting of LEG Immobilien SE had resolved a dividend payment of EUR 2.92 per share on 27 May 2026. 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.
Due to shareholders opting for shares rather than a cash dividend, around EUR 63m remained with the company.
Hogan Lovells Cadwalader advised the COMMERZBANK AG in its role as financial advisor and settlement agent on all issues concerning the structuring and execution of the transaction. This marked the sixth time the team had advised the transaction bank on a scrip dividend transaction for LEG Immobilien SE.
The Hogan Lovells Cadwalader team was led by Frankfurt partner Prof. Dr. Michael Schlitt and co-lead by of counsel Dr. Susanne Ries with additional support from counsel Mark Devlin.
