DGAP-News

Vonovia SE: Vonovia SE Shareholders approve € 1.69 dividend at Annual General Meeting

DGAP-News: Vonovia SE / Key word(s): AGM/EGM Vonovia SE: Vonovia SE Shareholders approve € 1.69 dividend at Annual General Meeting (news with additional features) 16.04.2021 / 16:41 The issuer is solely responsible for the content of this announcement. THE INFORMATION CONTAINED IN THIS DOCUMENT IS NOT SUITABLE FOR COMPLETE OR PARTIAL PUBLICATION OR DISCLOSURE TO OR WITHIN THE UNITED STATES OF AMERICA, AUSTRALIA, JAPAN OR OTHER COUNTRIES WHERE SUCH PUBLICATION OR DISCLOSURE WOULD CONSTITUTE A VIOLATION OF APPLICABLE LEGAL PROVISIONS. THIS PUBLICATION IS NEITHER AN OFFER TO BUY OR SELL NOR AN INVITATION TO TENDER AN OFFER TO BUY OR SELL SHARES.

Vonovia SE Shareholders approve €1.69 dividend at Annual General Meeting

- Vonovia holds virtual Annual General Meeting

- Vonovia once again offers a scrip dividend

- Jürgen Fitschen: "We are all longing for normality"

- Rolf Buch: "We keep our promises"

Bochum, Germany, April 16, 2021 - At today's Annual General Meeting, the shareholders of Vonovia SE ("Vonovia") approved all resolutions proposed by the Supervisory Board and the Management Board with the required majority. This includes the modified remuneration system with embedded sustainability targets. In particular, they formally approved the actions of both bodies for the 2020 financial year with a large majority of the votes (Supervisory Board: 97.79 %; Management Board: 99.88 %).

The dividend proposed by the Supervisory Board and the Management Board for the 2020 financial year met with broad approval among the shareholders. So Vonovia is now paying out €1.69 per share, amounting to an increase of about 8% compared with last year. As before, shareholders can opt for receiving a scrip dividend instead of a conventional cash dividend.

"We are all longing for normality. However, this time also shows us clearly how much we have been taking things in our lives for granted that cannot be taken for granted," said Chairman of the Supervisory Board Jürgen Fitschen.

He subsequently emphasized: "To make its contribution to social harmony, a housing company needs to address a variety of issues: It has to create additional, new and affordable housing. There needs to be diversity within each neighbourhood, and the existing diversity must be improved. Climate protection requires resolute action. The supply of housing for the elderly and disabled has to be expanded and developed. And to do all this, we will need to move along new paths."