15.05.2019 Vonovia SE  DE000A1ML7J1

DGAP-News: Vonovia SE: Vonovia exercises call options to become the owner of 91.4% of the shares in Victoria Park


DGAP-News: Vonovia SE / Key word(s): Real Estate
Vonovia SE: Vonovia exercises call options to become the owner of 91.4% of the shares in Victoria Park (news with additional features)

15.05.2019 / 16:00
The issuer is solely responsible for the content of this announcement.

Vonovia exercises call options to become the owner of 91.4% of the shares in Victoria Park

- Vonovia exercises call options which represent 10.0% of the total number of shares in Victoria Park

- Following the exercise of the call options, Vonovia will control 91.4% of the total number of shares in Victoria Park

- Vonovia intends to initiate a compulsory acquisition procedure for the remaining shares in Victoria Park and promote a delisting of Victoria Park

Bochum, 15. May 2019 - As announced in connection with the public cash offer to the shareholders of Victoria Park AB (publ) ("Victoria Park") on 3 May 2018, call options agreements were entered into with Danir AB and Ninalpha AB (the "Call Options"), covering in aggregate 10,235,198 ordinary shares of class A and 14,264,946 ordinary shares of class B, which represents 10.0% of the total number of shares and 12.5% of the total number of votes in Victoria Park. The exercise price of the Call Options corresponds to the price paid for the shares in Victoria Park in the public cash offer.

Before the exercise of the Call Options, Vonovia through its wholly-owned subsidiaries owned 81.4% of the shares, corresponding to 81.9% of the voting rights, in Victoria Park. As a result of the Call Option exercise, Vonovia will control approximately 91.4% of the total number of shares and 94.4% of the total number of voting rights in Victoria Park. Vonovia intends to initiate a compulsory acquisition procedure in respect of the remaining shares in Victoria Park under the Swedish Companies Act (Sw. aktiebolagslagen (2005:551)). In connection therewith, Vonovia will promote a delisting of Victoria Park.

About Vonovia

Vonovia SE is Europe's leading private residential real estate company. Vonovia currently owns around 395,000 residential units in all attractive cities and regions in Germany, Austria and Sweden. It also manages around 79,000 apartments. Its portfolio is worth approximately EUR 44.5 billion. As a modern service company, Vonovia focuses on customer orientation and tenant satisfaction. Offering tenants affordable, attractive and livable homes is a prerequisite for the company's successful development. Accordingly, Vonovia makes long-term investments in the maintenance, modernization and senior-friendly conversion of its properties. The company is also creating more and more new apartments by realizing infill developments and adding to existing buildings.

The company, which is based in Bochum, has been listed on the stock exchange since 2013 and on the DAX 30 since September 2015. Vonovia SE is also listed on the international indices STOXX Europe 600, MSCI Germany, GPR 250 and EPRA/NAREIT Europe. Vonovia has a workforce of approximately 10,000 employees.

Additional Information:
Approval: Regulated Market/Prime Standard, Frankfurt Stock Exchange
Common code: 094567408
Registered headquarters of Vonovia SE: Bochum, Germany, Bochum Local Court, HRB 16879
Business address of Vonovia SE: Universitätsstrasse 133, 44803 Bochum, Germany

This press release has been issued by Vonovia SE and/or its subsidiaries solely for information purposes. This press release may contain statements, assumptions, opinions and predictions about the anticipated future development of Vonovia ("forward-looking statements") that reproduce various assumptions regarding, e.g., results derived from Vonovia's current business or from publicly available sources that have not been subject to an independent audit or in-depth evaluation by Vonovia and that may turn out to be incorrect at a later stage. All forward-looking statements express current expectations based on the current business plan and various other assumptions and therefore come with risks and uncertainties that are not insignificant. All forward-looking statements should not therefore be taken as a guarantee for future performance or results and, furthermore, do not necessarily constitute exact indicators that the forecast results will be achieved. All forward-looking statements relate solely to the day on which this press release was issued to its recipients. It is the responsibility of the recipients of this press release to conduct a more detailed analysis of the validity of forward-looking statements and the underlying assumptions. Vonovia accepts no responsibility for any direct or indirect damages or losses or subsequent damages or losses, as well as penalties that the recipients may incur by using the press release, its contents and, in particular, all forward-looking statements or in any other way, as far as this is legally permissible. Vonovia does not provide any guarantees or assurances (either explicitly or implicitly) in respect of the information contained in this press release. Vonovia is not obliged to update or correct the information, forward-looking statements or conclusions drawn in this press release or to include subsequent events or circumstances or to report inaccuracies that become known after the date of this press release.

Additional features:

Document: http://n.eqs.com/c/fncls.ssp?u=YEBOYRTKWF
Document title: Vonovia exercises call options to become the owner of 91.4% of the shares in Victoria Park

15.05.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language: English
Company: Vonovia SE
Universitätsstraße 133
44803 Bochum
Phone: +49 234 314 1609
Fax: +49 234 314 2995
E-mail: investorrelations@vonovia.de
Internet: www.vonovia.de
Indices: DAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 811847

End of News DGAP News Service

811847  15.05.2019 


Die wichtigsten Finanzdaten auf einen Blick
  2013 2014 2015 2016 2017 2018 2019 2020e
Umsatzerlöse1 1.067,60 1.156,60 2.063,50 2.209,30 2.391,60 2.708,20 2.910,70 0,00
EBITDA1,2 470,40 554,00 1.029,10 1.083,70 1.271,80 1.534,40 1.579,60 0,00
EBITDA-Marge3 44,06 47,90 49,87 49,05 53,18 56,66 54,27 0,00
EBIT1,4 463,60 546,60 2.144,90 4.281,70 4.313,60 4.291,30 3.523,50 0,00
EBIT-Marge5 43,42 47,26 103,94 193,80 180,36 158,46 121,05 0,00
Jahresüberschuss1 484,20 409,70 994,70 2.512,90 2.566,90 2.402,80 1.294,30 0,00
Netto-Marge6 45,35 35,42 48,20 113,74 107,33 88,72 44,47 0,00
Cashflow1,7 259,60 463,30 689,80 828,90 946,00 1.132,50 1.555,90 0,00
Ergebnis je Aktie8 2,26 1,56 2,29 4,94 5,06 4,48 2,15 2,40
Dividende8 0,70 0,78 0,94 1,12 1,32 1,44 1,57 1,60
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2019 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: KPMG

WKN Kurs in € Einschätzung Börsenwert in Mio. €
A1ML7J 58,220 Kaufen 32.945,96
KGV 2021e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
23,48 13,53 1,720 20,88
1,72 21,17 11,32 35,514
Dividende '19 in € Dividende '20e in € Div.-Rendite '19e
in %
1,57 1,60 2,70 30.06.2020
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
05.05.2020 05.08.2020 04.11.2020 05.03.2020
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
0,76% 12,55% 21,29% 25,94%
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