Shareholders decided for around one in five shares
- Lufthansa shareholders get around 2.4 million new shares as dividend
- This corresponds to a participation rate of around 21 percent
- The cash dividend totals approximately EUR 321 million
Deutsche Lufthansa AG offered its shareholders the option of receiving their dividend of EUR 0.80 per share in the form of new shares in the Company. The opportunity was selected for around 100 million shares. Corresponding to a participation rate of about 21 percent.
At a subscription ratio of 41,7:1, a total of about 2.4 million new shares will be issued, which would have corresponded to a cash dividend of 55.9 million euros. The cash payment amounts to approximately EUR 321 million.
After the entry of the capital increase in the commercial register is completed, the new shares will be listed at the stock exchange and will be posted to the depositary accounts of the shareholders, presumably on 11 June 2018. The payment of the cash dividend takes place on 8 June 2018 already and also the payment of the settlement of fractional shares.
Source: Read Full Article