01-12-2021

Heuking advises CR Capital on stock dividend and rights issue




A team led by Dr. Thorsten Kuthe, Partner at Heuking Kühn Lüer Wojtek, advised CR Capital AG on stock corporation law in connection with the distribution of a stock dividend and an associated rights issue. In addition, CR Capital AG was advised on the transaction by Munich-based law firm Velte Kalveram with a team led by Peter Kalveram, who regularly advises the company.
 
On December 10, 2020 CR Capital AG’s annual meeting resolved the distribution of a dividend of EUR 0.75 per no-par value share entitled to distribution. Shareholders were able to choose whether the dividend should be distributed either exclusively in cash or as a stock dividend, i.e., only for a base dividend portion of EUR 0.21 per share in cash and for the remaining pro-rated dividend entitlement of EUR 0.54 per share in the form of company shares. A rights issue from authorized capital was subsequently carried out to create the shares required for the stock dividend.
 
Berlin-based CR Capital AG is a listed investment house that holds and develops companies along the entire real estate value chain. The company projects affordable housing in the suburbs of Berlin and Leipzig for a wide target group of resident owners as well as private and institutional investors.

Counsel to CR Capital AG
Heuking Kühn Lüer Wojtek:

Dr. Thorsten Kuthe (Lead, Capital Markets), Cologne
Meike Dresler-Lenz,
Dr. Gero Lingen (both Capital Markets), both Cologne

Contacts

further news which may be of interest to you

back to overview

This website uses cookies. Please read our data protection provisions to learn more about how we use cookies and how you can change your privacy settings. OK