10 Equity

Development of the Subscribed Capital

in €

 

 

 

 

 

As of Jan. 1, 2017

 

466,000,624.00

Capital increase against non-cash contributions on January 10, 2017 (First tender conwert)

 

339,135.00

Capital increase against non-cash contributions on March 31, 2017 (Second tender conwert)

 

2,457,177.00

Capital increase against non-cash contributions on June 16, 2017 (share dividend)

 

7,663,312.00

As of Jun. 30, 2017

 

476,460,248.00

Development of the Capital Reserves

in €

 

 

 

 

 

As of Jan. 1, 2017

 

5,334,898,463.89

Premium from the first tender conwert on January 10, 2017

 

10,335,140.12

Premium from the second tender conwert on March 31, 2017

 

77,622,252.60

Permium from the capital increase share dividend on June 16, 2017

 

254,115,425.92

Transaction costs on the issue of new shares (after allowing for deferred taxes)

 

-1,993,577.30

Other changes not affecting net income

 

-1,601,759.80

As of Jun. 30, 2017

 

5,673,375,945.43

The non-cash capital increases in connection with the takeover of the conwert Group were made using the 2015 authorized capital. For detailed information, reference is made to note [2] Scope of Consolidation and Business Combinations.

Dividend

The Annual General Meeting held on May 16, 2017, resolved to pay a dividend for the 2016 fiscal year in the amount of € 1.12 per share.

For the first time, Vonovia offered its shareholders the option of choosing between being paid the dividend in cash or being granted new shares. During the subscription period, 49.86 % of shareholders opted for the stock dividend instead of a cash dividend. As a result, 7,663,312 new shares were issued using the company’s authorized capital pursuant to Section 5b of the Articles of Association (“2016 authorized capital”) at a subscription price of € 34.16 per share, i.e. a total amount of € 261,778,737.92. This means that the total number of Vonovia’s shares has risen to 476,460,248. The total amount of the dividend distributed in cash therefore came to € 263,273,830.40.

Authorized Capital

The 2013 and 2015 authorized capital was canceled by way of a resolution passed by the Annual General Meeting held on May 16, 2017, in Düsseldorf, and a new 2017 authorized capital was created in the amount of € 66,556,874.00. Shareholder subscription rights for the 2017 authorized capital can be excluded.

The 2016 authorized capital still amounts to € 160,178,282.00, following its partial utilization for the issue of new shares as a stock dividend.

Capital increase that has been resolved but not completed as part of the merger of GAGFAH S.A. with Vonovia SE as of June 30, 2017

At the extraordinary Annual General Meeting of GAGFAH S.A. held on June 27, 2017, a resolution was passed on a cross-border merger of GAGFAH S.A. with Vonovia SE. In order to implement the merger, Vonovia increased the share capital by € 8,640,578.00 by issuing 8,640,578 new no-par-value registered shares in the company, each accounting for a pro rata amount of € 1.00 of the share capital (compensatory shares). The non-cash capital increase was registered on July 12, 2017.

The compensatory shares were created using the 2016 authorized capital. The 2016 authorized capital was used accordingly by way of a resolution passed by the Management Board on May 16, 2017, and with the consent of the company’s Supervisory Board on May 16, 2017.