Clifford Chance
Clifford Chance advises Hamborner REIT AG on distribution of share dividends
9 November 2020
- Christian Vogel, Dominik Heß, , ,
Clifford Chance advises Hamborner REIT AG on distribution of share dividends
Clifford Chance has advised Hamborner REIT AG on the distribution of a share dividend and the associated rights issue. The transaction was settled by Commerzbank AG.
On 8 October 2020, the general meeting of Hamborner REIT AG had resolved to pay a dividend of EUR 0.47 per share for the 2019 financial year. Shareholders had the option of receiving the dividend entirely in cash or partly in cash and partly in shares. During the subscription period, shareholders accounting for a total of 25.73% of the dividend claims opted for a share dividend rather than a cash dividend. Hamborner REIT AG performed a capital increase from authorised capital by way of rights issue in order to create the 861,922 new shares.
Hamborner REIT AG is a stock corporation listed on the SDAX which operates exclusively in the property sector as a portfolio manager for high-yield commercial properties. The company has a diversified portfolio of properties across Germany with a total value of around EUR 1.6 billion.
The Clifford Chance team advising Hamborner REIT AG comprised partner Christian Vogel, counsel Dominik Hess and senior associate Maria Luisa Köhler (all Corporate, Dusseldorf) as well as partner Philipp Klöckner and senior associate David Santoro (both Banking & Finance/Equity Capital Markets, Frankfurt).
