Frankfurt, 02/July/2019 – publity AG (Scale, ISIN DE0006972508) has increased its share capital to a total of EUR 10,258,068 as part of the on-time distribution of the dividend. 426,818 new shares have been issued, which are expected to be included in the existing listing in the Scale segment as of 3 July 2019 and which are already entitled to a dividend as of 1 January 2019. The registration in the commercial register has also been carried out.
The shareholders had the option of receiving the dividend of EUR 1.50 per share approved by the Annual General Meeting either in cash or in publity shares. As already communicated (cf. Corporate News of 12 June 2019), shareholders holding a total of around 78 percent of the share capital followed the offer of the distribution in the form of publity shares.
As was announced in advance, Thomas Olek, CEO of publity, also waived a cash payment and received new shares as dividend. In the past nine months, he had already significantly increased his stake in publity and acquired publity shares for over 86 million euros. Via the companies TO-Holding GmbH and TO Holding 2 GmbH, he currently holds approximately 74 percent of publity.
publity AG_Share capital increased to approx. 10.26 million euros — dividend paid out
Finanzpresse und Investor Relations:
Axel Mühlhaus/Peggy Kropmanns
Phone: +49 69 905505-52
publity AG («publity») is an asset manager and investor specialised in office real estate in Germany. The company covers the core of the value chain from the acquisition to the development and the sale of real estate. With over 1,100 transactions in the past seven years, publity is one of the most active players in the real estate market. Currently, the company manages a portfolio with a value of over five billion euros. publity is characterized by a sustainable network in the real estate industry and in the Work-Out departments of financial institutions. With very good access to investment funds, publity handles transactions rapidly with a highly efficient process and proven partners. On a case-by-case basis, publity participates as co-investor in joint venture transactions to a limited extent. The shares of publity AG (ISIN DE0006972508) are traded on the Scale segment of Deutsche Börse.