Led by Frankfurt-based partner Prof. Dr. Michael Schlitt, global law firm Hogan Lovells advised COMMERZBANK AG on the preparation and distribution of a scrip dividend and the related rights issue by TAG Immobilien AG.
The shareholders’ meeting of TAG Immobilien AG had resolved a dividend payment of EUR 0.40 per share on 16 May 2025. The shareholders were given the choice of receiving the dividend in cash or in a cash amount sufficient to pay their tax liability in respect of the dividend payment and in the form of shares of TAG Immobilien AG for the remainder of the dividend. To create the new shares, LEG Immobilien SE increased its share capital by making use of authorized capital.
31.3 per cent of the shareholders opted for the shares so that EUR 15.4m remained with the company.
Hogan Lovells advised COMMERZBANK AG in its role as financial advisor and settlement agent on all issues concerning the structuring and execution of the transaction.