Shareholder Structure and Annual General Meeting

Shareholder Structure

The chart below shows the voting rights pursuant to Sections 33 and 34 of the German Securities Trading Act (WpHG) as notified by the shareholders in relation to the current share capital. The number of voting rights reported could have changed within the respective thresholds without triggering an obligation to notify the company.

Major Shareholders (as of December 31, 2018)

Based on the German stock exchange’s definition of free float, only the interest held by Norges Bank (Ministry of Finance on behalf of Norway) does not count towards the free float. This means that 93.1% of Vonovia’s shares were in free float on December 31, 2018. The underlying voting rights notifications and corresponding financial instruments reported by shareholders or other instruments pursuant to Sections 38, 39 WpHG can be found online.
https://investors.vonovia.de/disclosure-of-voting-rights/

In line with Vonovia’s long-term strategic focus, the majority of its investors have a similarly long-term focus. The company’s investors include pension funds, sovereign wealth funds and international asset managers in particular. There is also a large number of individual shareholders, although they only represent a small proportion of the total capital.

2018 Annual General Meeting

The Annual General Meeting of Vonovia SE was held in Bochum on May 9, 2018; 69.82% of the subscribed capital was represented. Since 2018, our investor portal (German report: investoren.vonovia.de/investorportal English report: investors.vonovia.de/investorportal) has given our shareholders a convenient option allowing them to attend to all formalities relating to registering for, and voting at, the Annual General Meeting online.
https://investors.vonovia.de/investorportal

In the presence of around 300 guests and shareholders, all resolution proposals were accepted by the Annual General Meeting, including the proposal to distribute a dividend of € 1.32 per share for the 2017 fiscal year. This corresponds to an increase of 18% year-on-year and to a dividend yield of 3.2% based on the closing price of € 41.39 on the reporting date of December 31, 2017. The cash dividend for the 2017 fiscal year was paid out from a contribution account for tax purposes. It was therefore paid out to shareholders without capital gains tax or the solidarity surcharge being deducted. Vonovia also offered a stock dividend as an alternative option to a cash dividend for the second time. This meant that every shareholder had the choice of receiving the dividend in cash or opting for the receipt of new shares in order to benefit more strongly from any future increase in value of the company. During the subscription period, 40.9% of shareholders opted for the stock dividend as opposed to the cash dividend. As proposed by the Management Board and the Supervisory Board, the Annual General Meeting also resolved to increase authorized capital to the extent permitted by law. This financial flexibility is designed to enable the company to quickly and comprehensively increase its equity resources.